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Lloyd Blankfein

Goldman Sachs Settlement? Deal With SEC May Be In The Works

New York Post | Posted 05.25.2011 | Business

Goldman Sachs may soon settle its fraud case with the Securities and Exchange Commission, opting to end the legal fight rather than endure a repeat of...

The F Word: More Than Reform For Subprime Hurt

Laura Flanders | Posted 05.25.2011 | Business
Laura Flanders

As the Senate debates financial reform, millions of underpaid Americans have lost their homes, their nest eggs, and many of them, their incomes.

Comparing Goldman Sachs to a Casino Is an Insult to Casinos

Miles Mogulescu | Posted 05.25.2011 | Politics
Miles Mogulescu

Running a gambling casino is actually a pretty simple, straightforward and honest business. You're closely regulated by the state gambling commission. But if you're Goldman Sachs, you can load the dice.

Goldman Sachs Builds Lobbyist Machine, Ramps Up Political Spending

Washington Post | Posted 05.25.2011 | Business

Until a few years ago, Goldman Sachs operated a sleepy lobby shop in the nation's capital. This Story But now, faced with fraud charges, investigatio...

Moral Blindness on Wall Street

Hoyt Hilsman | Posted 05.25.2011 | Business
Hoyt Hilsman

One of the most shocking elements of the testimony by Goldman Sachs executives this week was the moral blindness they showed when evaluating the role of their firm in the economic collapse.

Goldman Sachs: a Hedge Fund Managed by Traders?

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

What became completely obvious for all the world to see is that Goldman Sachs is a hedge fund, and that it is only interested in clients as screens for their own proprietary trading activities.

Goldman Sachs CEO: 'Clearly, the World Needs More Regulation'

Sen. Jon Tester | Posted 05.25.2011 | Politics
Sen. Jon Tester

Goldman Sachs CEO Lloyd Blankfein says the bailout of his firm by U.S. taxpayers was an "embarrassing situation," telling a panel of U.S. senators that, "clearly, the world needs more regulation."

Blankfein Plays Dumb, But Did Tourre Just Sink Wall Street?

Martin Luz | Posted 05.25.2011 | Business
Martin Luz

How do you justify selling a security that's designed to fail, designed in fact by the guy who is betting against it?

Three Modest Proposals For Goldman Sachs

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

Goldman Sachs is at a crossroads. Either they can significantly change their image in our society or they can face the consequences.

Dems Use Goldman Hearing In Push For Financial Reform, Voinovich Poised To Switch Vote

AP / Huffington Post | Posted 05.25.2011 | Politics

WASHINGTON - Defending his company under blistering criticism, the CEO of Goldman Sachs testily told skeptical senators Tuesday that customers who bou...

Shahien Nasiripour

Goldman Sachs Hearings: LIVE UPDATES, VIDEO

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Goldman Sachs CEO Lloyd Blankfein is testifying this morning in front of the Senate Permanent Subcommittee on Investigations, which alleges the compan...

'God, What a Piece of Crap'

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

It was the Perry Mason moment in the unraveling of what was left of Goldman Sachs' reputation. Only in this case, it involved a grizzled former prosecutor, Sen. Carl Levin, rather than a genial defense attorney.

The Death of Goldman Sachs

Steven G. Brant | Posted 05.25.2011 | Business
Steven G. Brant

Criminal behavior. No trust. Reputation destroyed. No customers. I expect Goldman Sachs to be out of business by the end of this year and maybe before the November election. That's just my opinion, of course.

The F Word: Hard At Work Figuring Out Imbalance

Laura Flanders | Posted 05.25.2011 | Politics
Laura Flanders

For a little balance on the deal reached between New York City's residential building owners and their hard working janitors and doormen -- It's not a...

This Week in Cheating: Goldman Testifies

Jeff Kreisler | Posted 05.25.2011 | Comedy
Jeff Kreisler

As Goldman Sachs prepares to testify before Congress, The Cheater offers a few proven tricks.

Blankfein: Goldman Did NOT Bet Against Clients

AP | MARCY GORDON and ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — Goldman Sachs developed a strategy to profit from the housing meltdown and reaped billions at the expense of clients, a Senate inve...

Relying on the Big Banks to Save the Economy

Mike Lux | Posted 05.25.2011 | Politics
Mike Lux

What Summers, Dodd, and apparently the president continue to not get is that massive concentrations of wealth and power do equally massive amounts of damage over time to both a democracy and to the markets.

Blankfein: Fabrice Tourre Is 'Immature' But Did Nothing Illegal

foxbusiness.com | Posted 05.25.2011 | Business

Goldman Sachs CEO Lloyd Blankfein is prepared to say that the young trader charged with securities fraud for failing to disclose alleged conflicts of ...

The Lesson of Goldman Sachs, or How the Lizard Will Lose Its Tail

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

The real problem isn't shorting your own investment vehicles, the ones you sell to unwitting idiots who believe your upside drivel. It's really just a matter of disclosure. You should disclose more.

Finance Reform: Politics' Dirty Picture

Bob Franken | Posted 05.25.2011 | Politics
Bob Franken

Imagine. At the very time the White House is pushing real hard for tougher regulations on the banking and finance industries, Security and Exchange C...

The Highlights and Lowlights of the Financial Crisis Hearings

Huffington Post | Nathaniel Cahners Hindman | Posted 05.25.2011 | Business

Over the last year and a half, Congressional committees and bipartisan panels like the Financial Crisis Inquiry Comission (FCIC) charged with investig...

Lloyd Blankfein's Most Memorable Quotes (SLIDESHOW)

Huffington Post | Nathaniel Cahners Hindman | Posted 05.25.2011 | Business

Once dubbed "the master of the quip" by the New York Times, Lloyd Blankfein has made more than a few headlines with his penchant for one-liners. The ...

Why the Wall Street-BP Double Standard?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

The captains of high finance are demanding that we reduce public debt, which we ran up to bail them out and deal with the mass unemployment they caused. That takes a lot of nerve. First they crash the system and run away with a fat pocket of cash. Then they demand that we clean up our financial act or they won't loan out any money. Next time an oil-blackened snowy egret gets you furious at BP, remember to save some righteous indignation for the financial polluters who are picking our pockets.

Lloyd Blankfein: Still "Doing God's Work?"

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

Isn't it amazing how these powerful CEOs, who are paid tens of millions of dollars to know every detail about their company, act as if they just fell off the back of a turnip truck when they come to Congress?

Rebuilding Goldman

Reuters | Steve Eder and Matthew Goldstein | Posted 05.25.2011 | Business

Ever since the Securities and Exchange Commission charged Goldman with civil fraud over the packaging and sale of a subprime-mortgage linked security,...