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Fabrice Tourre

Plutocrats Despising the Poor: An American Tradition

Joseph A. Palermo | Posted 04.16.2014 | Politics
Joseph A. Palermo

It's amazing how these people can whine in public about how they're being mistreated by people who change the sheets at the luxury hotels they stay in. But if you spend your life surrounded with sycophants who constantly tell you how brilliant you are it's possible to exist inside a bubble inside a bubble inside a bubble.

Investors Cheer for More Enforcement

John D. Rogers | Posted 01.23.2014 | Business
John D. Rogers

Five years on, there is still plenty of public resentment for the lack of visible enforcement actions dating back to the crisis. But lately, U.S. regulators have been flexing their muscles with a more pointed and aggressive approach to finding and punishing miscreants.

'Fabulous Fab' Asks SEC To Throw Out Fraud Verdict

Reuters | Posted 12.01.2013 | Business

By Jonathan Stempel NEW YORK, Oct 1 (Reuters) - A former Goldman Sachs Group Inc vice president who was found liable f...

Investors Who Bet Against the Market: Goldman Sachs Trader Convicted

D. Sidney Potter | Posted 09.11.2013 | Business
D. Sidney Potter

Someone once told me that it isn't hitting the pavement after jumping out of a high-rise building that kills you, it's the sudden stop. When I first ...

Three of a Kind

David Crisanti | Posted 10.20.2013 | Business
David Crisanti

In the news these days are Jeff Bezos buying the Washington Post, Alex Rodriguez receiving a 211 game ban for use of PEDs, and Fabrice Tourre being found guilty of securities fraud in a New York courtroom. Read on to see if they have anything in common beyond the fact I'd like to write about them.

Proof That Wall St. Is NOT Too Big To Jail

The New Republic | Posted 10.06.2013 | Business

Last week, a jury in New York City convicted former Goldman Sachs trader Fabrice Tourre on six civil counts of securities fraud, for selling a toxic m...

President Obama Should Nominate Larry Summers Just for the Spectacle of It All

David Paul | Posted 10.05.2013 | Politics
David Paul

In a world where D.C. politics have ground to a dysfunctional halt, where the Euro continues to struggle on the precipice of failure, and where the growth rate of China is grinding downward, the head of the Fed has become a figure of global importance.

Michael Lewis Criticizes Government's 'Bizarre' Response To The Financial Crisis

The Huffington Post | Posted 08.03.2013 | Business

Authorities’ strategy for holding bankers and Wall Street firms accountable for their role in the financial crisis is a bit misguided, according to ...

The Goldman Affair: What Is the SEC Trying to Say?

Georges Ugeux | Posted 10.02.2013 | Business
Georges Ugeux

Beyond this case, a new question needs to be addressed: how accountable are the superiors of failing employees? Are employees supposed to second-guess the instructions they receive from their superiors?

Bloomberg Just Blew It On The Fabrice Tourre Verdict

Posted 08.02.2013 | Business

Bloomberg got a little too twitchy on the Twitter button at the conclusion of the high-profile case that found Fabrice Tourre, a former Goldman Sachs ...

Mark Gongloff

Jury Finds Fabulous Fab Liable Of Misleading Investors

HuffingtonPost.com | Mark Gongloff | Posted 08.02.2013 | Business

The financial crisis is finally over, folks: We have found a scapegoat. In a rare legal victory for the Securities and Exchange Commission in a cas...

Goldman Paid Him How Much For Not Working?

Reuters | Posted 09.26.2013 | Business

By Nate Raymond NEW YORK, July 26 (Reuters) - A lawsuit by the U.S. Securities and Exchange Commission may have destro...

Mark Gongloff

The SEC's Trial Of Fabrice Tourre Is Already In Deep Trouble

HuffingtonPost.com | Mark Gongloff | Posted 07.18.2013 | Business

As "The Wire" taught us, if you come at the king, you best not miss. As the Securities and Exchange Commission is teaching us, if you come at a minion...

Fabrice Tourre and the Price of Romance

Robert Teitelman | Posted 09.16.2013 | Business
Robert Teitelman

This case against Tourre is an odd one. Despite the efforts of the SEC to characterize him as another swashbuckling master of the universe, he's really not that kind of figure at all and that personality, reflected in this email, may well surface during the trial.

SEC: Fabulous Fab Trial About 'Wall Street Greed'

Reuters | Posted 09.15.2013 | Business

By Nate Raymond NEW YORK, July 15 (Reuters) - The trial of former Goldman Sachs bond trader Fabrice Tourre was about "...

The Complete Lameness Of The Government's Post-Crisis Crackdown, In One Trial

Mark Gongloff | Posted 09.14.2013 | Business
Mark Gongloff

The trial this week of Fabrice "Fabulous Fab" Tourre is almost guaranteed to accomplish nothing but highlighting the weakness of the U.S. government's response to the financial crisis.

Goldman's 'Fabulous Fab' Heads To Trial

Reuters | Posted 09.13.2013 | Business

By Nate Raymond NEW YORK, July 14 (Reuters) - The U.S. Securities and Exchange Commission heads to trial Monday against a former Gold...

Why The 'Fabulous Fab' Trial Is Important

Reuters | Posted 09.11.2013 | Business

By Nate Raymond NEW YORK, July 11 (Reuters) - The trial of former Goldman Sachs bond trader Fabrice "Fabulous Fab" Tourre next week gi...

Goldman Sachs Director Resigns in Bombshell New York Times Op-Ed

Sheldon Filger | Posted 05.14.2012 | Business
Sheldon Filger

People usually resign from a position through a private letter to the boss. Greg Smith, a Goldman Sachs executive director, chose a different method: a powerful opinion piece on the editorial pages of the New York Times entitled, "Why I Am Leaving Goldman Sachs."

Goldman, Morgan Stanley Say Clawbacks Will Affect Executive Pay Too

The Huffington Post | Alexander Eichler | Posted 02.08.2012 | Business

Two major Wall Street firms say their executives will face the same repercussions for misconduct as everybody else at the company -- but it's not clea...

Occupy Wall Street's "Gullible" and "Unsophisticated" Protesters

Joseph A. Palermo | Posted 12.18.2011 | Politics
Joseph A. Palermo

There's something inherently wrong with a political economy where those in power sell the people a bag of goods: Tax cuts for the rich and corporations; deregulation; "free trade" bills; wars and excessive military spending; slashing social programs.

Bianca Bosker

The Fabulous Fab's Cautionary Tale: Data Never Dies

HuffingtonPost.com | Bianca Bosker | Posted 08.01.2011 | Technology

Fabrice Tourre (a.k.a. the "Fabulous Fab"), the Goldman Sachs mortgage trader who has become synonymous with Wall Street shenanigans, has now become s...

Goldman Employee Remains Sole Person Prosecuted Over Mortgage Fraud

New York Times | LOUISE STORY and GRETCHEN MORGENSON | Posted 08.01.2011 | Business

At the height of the housing boom, the 26th floor of Goldman Sachs’s former headquarters on Broad Street in Lower Manhattan was the nerve center of ...

How to Deceive a Client Without Really Trying

Omer Rosen | Posted 06.11.2011 | Business
Omer Rosen

When it comes to bonds, the client is conveniently never shown how to settle based on prices. Instead they are taught a nonsensical and more complicated method called yield settlement.

Pension Funds Leading Investor Lawsuit Against Goldman Sachs

Posted 05.26.2011 | Business

(Reuters) - A Manhattan federal judge on Friday named three pension funds as co-lead plaintiffs in an investor lawsuit against Goldman Sachs Group I...