While creative global finance helped bring two billion people out of poverty in a single generation, the changes went too far and the consequences became hugely destructive.
HuffingtonPost.com | Shahien Nasiripour | Posted 11.18.2009 | Business
On Tuesday, Goldman Sachs announced it would commit $500 million to help small businesses, garnering the financial giant headlines and buzz for its al...
HuffingtonPost.com | Julian Hattem | Posted 11.16.2009 | Business
Protesters rallied outside of Goldman Sachs' Washington office office Monday and railed against big bonuses and "Too Big To Fail" banks. The SEIU and ...
Christopher Brauchli | Posted 11.12.2009 | Business
Banks are receiving the H1N1 vaccine because of their employees' importance to the financial well being of the country.
Charles Gasparino | Posted 11.09.2009 | Business
The only thing worse than Goldman Sachs amassing billions in bonus money for its executives, based on various government subsidies and bailout measures, is listening to it try to explain it all away.
Joseph A. Palermo | Posted 11.18.2009 | Business
A criminal gang of rich white guys in New York did some extremely reckless things with the nation's collective wealth, and the middle class got clobbered.
Diane Francis | Posted 10.27.2009 | Business
The world's concentrated financial sector has been grabbing more than its fair share of wealth. We desperately needs Glass-Steagall on steroids.
George Goehl | Posted 10.22.2009 | Business
Until our elected officials know there is a price to pay for siding with big money over everyday people, the average American will continue be on the losing end.
Allison Kilkenny | Posted 10.22.2009 | Politics
The Times shows its agenda when it refers to the not-yet-existing AIG bonuses slashes as "the humbling downfall of the once-proud giants" while all those pesky citizens won't stop with the "populist animosity."
Jonathan Richards | Posted 10.21.2009 | Comedy
If we're ever going to develop real financial stability, perhaps its time to consider eliminating the pesky middle man.
AP | Posted 10.18.2009 | Politics
WASHINGTON — Financial companies that were shored up by taxpayer money are now paying their employees big bucks in compensation and benefits. T...
Rob Shapiro | Posted 10.15.2009 | Business
We didn't need this latest and most conspicuous instance of greed at Goldman to know that the compensation provided to the uppermost echelons of American business is out of control.
AP | STEPHEN BERNARD | Posted 10.15.2009 | Business
NEW YORK — Goldman Sachs Group Inc.'s third-quarter earnings more than tripled from the depths of the financial crisis as income from the compan...
New York Times | ANDREW ROSS SORKIN | Posted 10.13.2009 | Business
By most analyst estimates, the annual bonus pool will swell to more than $23 billion. In its second quarter, Goldman disclosed it had put aside $11.4 ...
The Wall Street Journal | HOLMAN W. JENKINS JR. | Posted 10.11.2009 | Business
Sitting across from me now in his comfortable office on the 30th floor of company headquarters in lower Manhattan, Goldman's CEO Lloyd Blankfein profe...
CNNMoney.com | David Ellis | Posted 09.29.2009 | Business
Now with analysts predicting impressive third-quarter numbers from some of the nation's largest financial firms, big bonuses for top Wall Street talen...
nypost.com | Mark DeCambre | Posted 11.24.2009 | Business
Goldman's bonus pool is expected to swell to an estimated $16 billion after what's expected to be another stellar quarter, and Blankfein is struggling...
The Daily Beast | Charlie Gasparino | Posted 09.21.2009 | Business
People inside Goldman tell me that some senior executives say they believe the onslaught of negative stories detailing Goldman's manifold ties to upp...
New York Times | Cyrus Sanati | Posted 09.18.2009 | Business
Despite the scrutiny it has drawn for setting aside nearly $11.4 billion in the first half of the year to pay its employees, Goldman Sachs is showing ...
Adam Taylor | Posted 09.13.2009 | Business
The bonus arms race began in the 80s, and has shown little sign of abating. In practice this has meant that bonuses have ceased to be performance related at all; instead, just a guaranteed sum.
Felix Salmon | Posted 09.07.2009 | Business
Goldman Sachs bankers are generally smooth, urbane, and on-message. But these days they're clearly flustered. Why else would Goldman president Gary Co...
Rob Shapiro | Posted 09.06.2009 | Business
Ironically, the bailouts that saved us from a second Great Depression may also bolster some of the distortions that threaten to produce it. Old practices that got us into this mess still go on.
AP | STEPHEN BERNARD | Posted 09.05.2009 | Business
NEW YORK — Goldman Sachs Group Inc., one of the banking industry's top performers, said Wednesday that government agencies have asked about its ...
bloomberg.com | Posted 09.05.2009 | Business
Aug. 5 (Bloomberg) -- Goldman Sachs Group Inc. made more than $100 million in trading revenue on a record 46 separate days during the second quarter, ...
Georges Ugeux | Posted 08.28.2009 | Business
Why should the world pay to maintain a compensation system that is perceived to be outrageous and dangerous for the systemic stability of capital markets?
Charles D. Ellis | Posted 11.20.2009 | Business