Goldman Sachs Fraud

If Aristotle ran Goldman Sachs, what sort of press do you think the company would be getting these days? How would employees, past and present, describe their culture?

A new lawsuit accuses Goldman Sachs of purposely unloading $93 million in mortgage-backed securities it knew to be junk onto a client, then betting ag...

With the latest lawsuit, taxpayers might again ask why the Federal Reserve was so eager to bail out all of AIG's deals linked to problematic CDOs at 100 cents on the dollar. The largest beneficiary of that largess was Goldman Sachs.

Many of the jokes at Wall Street's expense this past year have been aimed directly at Goldman Sachs. They've been delightful, but we think the bubble...

Was Deutsche Bank guilty of Goldman Sachs-style conflicts of interest during the mortgage boom? That's the question posed by a Wall Street Journal...

Goldman Sachs is preparing to file a full-blown, point-by-point defense against the fraud allegations filed by the Securities and Exchange Commission,...

According to some in the press, the settlement with Goldman was a major victory for the SEC. Initial stories would have you believe that the government ground Goldman to its knees. Almost a blockbuster summer movie.

If history is any guide, Blankfein may not go tomorrow, or even next month, but sometime in 2011, Blankfein will at the very least no longer be chairman of Goldman, and may also be forced out of the firm altogether.

In this post-Sarbanes-Oxley world, U.S. CEOs and CFOs should also be held accountable for their rosy statements during this period, along with their SEC filings.

The weaknesses in the S.E.C.'s case against Goldman were obvious. To win, the government needed to prove that Goldman lied, and that the lie mattered. The truth is, the bigger deceptions were not lies, but distractions.

The Securities and Exchange Commission announced today that it has reached a settlement agreement with Goldman Sachs over the sale and marketing contr...

NEW YORK — Goldman Sachs' embattled Chairman and CEO Lloyd Blankfein told investors Friday that the firm is creating a business standards commit...

Even if the SEC doesn't insist on Blankfein's ouster, Goldman itself may decide that they best way to get a fresh start is to get a fresh face on the top. That way, the firm can blame all the all the stuff that happened on prior management, and say everything's different now.

Charlie Gasparino of Fox Business Network is reporting that the SEC's highly publicized civil fraud charges against Goldman Sachs are likely to be set...

As we debate restructuring the financial markets, no legislation nor regulatory reform would rekindle more trust in the markets than a recognition by these behemoths that competing with your own clients is a bad business.

It would all be very amusing if their antics -- "God's work," as Goldman's CEO Lloyd Blankfein described it not long ago -- hadn't cost the country trillions of dollars, and many Americans their jobs, homes and pensions. Not so funny.

It's hard to feel sorry for the most successful investment bank in the world. Given Goldman Sachs' stellar financial performance, you have to ask: Is envy fueling the firestorm of public opinion or is the SEC's view of its conduct legitimate?

In a blitz of apparent damage control, Goldman Sachs CEO Lloyd Blankfein has been making a round of media appearances, including a recent visit with B...

BOSTON (AP) -- Senior executives of Goldman Sachs Group Inc. are likely to be ousted because of their "ineptitude" in responding to government allegat...

Some people in the Securities and Exchange Commission, I'm told authoritatively, want his scalp, given what they perceive as Goldman's shady practices.

Perhaps Robert V. Marrow ought to consider a career on Wall Street. Better yet, isn't there a Senatorial election coming up in New York? Either way, it appears the public would be better served than it is today.

The Fed and Treasury's method of bailing out AIG reveals that a primary goal was to prevent having fraud at the banks exposed. That is a very troubling stance for bank regulators to take.