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Goldman Sachs Fraud Charges

Goldman: Not So Smart, But Well-Connected

Alan Fein | Posted 05.25.2011 | Business
Alan Fein

What happens if you or I fail to underwrite our underwriters? What if we buy flood insurance from a company that's overcommitted when the flood comes? Too bad for us. Not so bad for Goldman.

Lloyd Blankfein, Goldman CEO: SEC Case Would 'Hurt America'

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Despite the civil fraud charges brought by the Securities and Exchange Commission and the apparent damage to his bank's reputation, Goldman Sachs CEO ...

Sorry, but Charging "Fraud" on 3-2 Split SEC Vote Just Feels Wrong

Henry Blodget | Posted 05.25.2011 | Business
Henry Blodget

Fraud is a serious charge. Fraud charges hurt shareholders, destroy reputations, and end careers. The assessment of whether fraud occurred should not be so subjective that 2 out of the 5 SEC decision-makers disagree with it.

Shorting The Middle Class: The Real Wall Street Crime

Arianna Huffington | Posted 05.25.2011 | Business
Arianna Huffington

While the SEC suit is certainly big news in itself, more important is what it says about what the financial elite has been doing to America for the last 30 years: shorting the middle class. The American people were sold on the promise of never-ending prosperity while Wall Street was overseeing a massive transfer of wealth from the middle class to the richest Americans. READ MORE Guns vs Butter 2010 We hear endless talk in Washington about belt-tightening and deficit reduction, but hardly a word about whether the $161 billion being spent this year to fight unnecessary wars of choice in Afghanistan and Iraq might be better spent helping embattled Americans here at home. READ MORE WATCH: The Economist Interviews Arianna: Is America Becoming a Third World Country?

It's Time to Cut Goldman Sachs and the Rest of Them Down to Size

Joseph A. Palermo | Posted 05.25.2011 | Business
Joseph A. Palermo

Hopefully, the SEC's pursuit of long-overdue fraud charges against Goldman Sachs is only the beginning of a process that will take the country back from these financial monopolists.

Goldman Sachs SEC Fraud Charges: LIVE Updates, Breaking News

Posted 05.25.2011 | Business

The Goldman Sachs SEC fraud charges are creating quite a stir across the financial sector. Per the AP, the government has accused Goldman Sachs of ...