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Goldman Sachs Defends Trading Practices: Dark Pools, Flash Trading, Short Selling

Telegraph | James Quinn, US Business Editor | Posted 05.25.2011 | Business

In a document handed to the US Securities and Exchange Commission (SEC), the investment bank asserts that such practices, some of which the SEC is loo...

Bankers, Take a Lesson From Mark McGwire

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Wall Street's public relations are a train wreck. I have no prior experience in corporate communications. But here's my action plan to clean up the mess:

Empower Stockholders To Dictate Executive Salaries

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Headlines shout about overly generous executive compensation packages. Some say it is disgusting, obnoxious and egregious.

Goldman Sachs Doing "God's Work"?

Charles Gasparino | Posted 05.25.2011 | Business
Charles Gasparino

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.

What Does $22 Billion in Goldman Bonuses Buy?

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Iceland, at 1.32 times 2008 GDP, Avatar tickets for everyone living in China, the US, Indonesia, and Japan combined, one week at New York's Four Seasons Hotel for every homeless person in the US.

CFTC Gets Derivatives Advice From Industry Insiders

HuffPost Investigative Fund | Keith Epstein And Ben Protess | Posted 05.25.2011 | Politics

Like many federal agencies contemplating reform these days, the Commodities Futures Trading Commission is hearing a lot from the industry it regulates...

Frank Rich: Goldman Can Spare You A Dime

New York Times | FRANK RICH | Posted 05.25.2011 | Business

As leader of the Wall Street pack, Goldman declared surging profits, keeping it on track to dispense a record $23 billion in bonuses for 2009. But mos...

Goldman Sachs Shareholder Suits: Bank Is Wasting Shareholder Money On Huge Bonuses

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Two new lawsuits accuse Goldman Sachs, now the most profitable securities firm in Wall Street history, of wasting shareholder money by paying out huge...

Geithner Interviewed By Bloomberg: Says Goldman Would Have Failed, Dismisses Tobin Tax (VIDEO)

Posted 05.25.2011 | Business

During an interview this week on Bloomberg's Political Capital with Al Hunt, Treasury Secretary Timothy Geithner disputed claims made by Goldman Sachs...

Goldman Sachs CEO Lloyd Blankfein: "I'm Doing God's Work."

Times Online | John Arlidge | Posted 05.25.2011 | Business

Goldman's reputation is suddenly as toxic as the credit default swaps and other inexplicably exotic financial instruments it used to buy with glee. Th...

Corrected: TIME's Person of the Year

Tom Gregory | Posted 05.25.2011 | Comedy
Tom Gregory


Vatican Confirms: Goldman "Doing God's Work"

Tom Gregory | Posted 05.25.2011 | Comedy
Tom Gregory

L'Osservatore Romano is reporting that Goldman Sachs is indeed Doing God's work, and His Former Holiness Joseph Ratzinger has confirmed the unsolicited hostile takeover.

Ethics Questions Linger Over Paulson's Calls To Goldman During Financial Crisis

New York Times | GRETCHEN MORGENSON and DON VAN NATTA Jr. | Posted 05.25.2011 | Business

Before he became President George W. Bush's Treasury secretary in 2006, Henry M. Paulson Jr. agreed to hold himself to a higher ethical standard than ...

The Sound of Silence

Yvette Kantrow | Posted 05.25.2011 | Business
Yvette Kantrow

For a site that has repeatedly railed about the business press' failure to take on big financial institutions, CJR's lack of comment on a major piece that did just that was puzzling.

Goldman Sachs' Reputation Tarnished, Survey Finds

Financial Times | Greg Farrell | Posted 05.25.2011 | Business

Goldman Sachs' reputation among both the general public and financially sophisticated Americans has been damaged by the events of the past year, accor...

Obama's Economy

Michael Likosky | Posted 05.25.2011 | Business
Michael Likosky

If the TARP banks are to be a main investment vehicle for the next stage of recovery -- as they should be, it is after all our money not theirs -- it is heartening to have Obama at the helm.

Goldman Sachs Likely To Post Huge Profits, Analysts Say

New York Times | GRAHAM BOWLEY and JENNY ANDERSON | Posted 05.25.2011 | Business

Most of Wall Street, and America, is still waiting for an economic recovery. Then there is Goldman Sachs. Up and down Wall Street, analysts and trade...

JPMorgan Chase Gaining On Goldman

Reuters | Posted 05.25.2011 | Business

NEW YORK (Reuters) - JPMorgan Chase & Co (JPM.N) has snapped up market share for its investment banking unit and, amid the financial crisis, its large...

Goldman Sachs Spent Millions Of Dollars To Bail Out 2 Senior Execs

New York Times | Louise Story | Posted 05.25.2011 | Business

The financial giant Goldman Sachs spent tens of millions of dollars to bail out two senior executives last fall who were short on cash, according to t...

S&P Cuts Goldman, Lehman Outlooks

AP | Posted 05.25.2011 | Business

Standard & Poor's Ratings Services said Friday it cut its outlook on Goldman Sachs Group Inc. and Lehman Brothers Holdings Inc., saying volatile marke...

How Goldman Won Big On Mortgage Meltdown

Wall Street Journal | Kate Kelly | Posted 05.25.2011 | Business

The subprime-mortgage crisis has been a financial catastrophe for much of Wall Street. At Goldman Sachs Group Inc., thanks to a tiny group of traders,...