Banks That Sold Bad Debt Also Bet Against It
In late October 2007, as the financial markets were starting to come unglued, a Goldman Sachs trader, Jonathan M. Egol, received very good news. M...
In late October 2007, as the financial markets were starting to come unglued, a Goldman Sachs trader, Jonathan M. Egol, received very good news. M...
Les Leopold | Posted 12.22.2009 | Business
Not only are we richly rewarding those who wrecked our economy, but also, we have to put up with hundreds of fabrications about how the big banks got us here. Here is my biggest, fattest lies list for 2009.
Huffington Post | Grace Kiser | Posted 12.21.2009 | Business
Don't buy the assertions that banks like Goldman Sachs would have survived the financial crisis without a taxpayer bailout. According to Too Big To F...
AP | Michael J. Moore and Christine Harper | Posted 12.18.2009 | Business
NEW YORK — Morgan Stanley's outgoing CEO John Mack has declined a bonus for the third year in a row. In a memo sent to the investment bank's em...
Les Leopold | Posted 12.21.2009 | Business
Was the president signaling that it was time for progressives to form a visible protest movement against "fat cat bankers"?
HuffingtonPost.com | Shahien Nasiripour | Posted 12.17.2009 | Business
To the extent that Morgan Stanley is leading by example, the securities colossus is sending an unlikely message to underwater homeowners: Walk away. ...
Raymond J. Learsy | Posted 12.19.2009 | Business
With the nation up in arms about the perversity of pouring billions into the coffers of the banks the symbolism of the three CEO's tone deaf failure to be present in Washington is beyond understanding.
Catie Lazarus | Posted 12.16.2009 | Comedy
What Did You Learn in 2009? Test your knowledge by answering these objectively scientific questions about the celebrities, politicians and fifteen minute famers who made headlines.
nytimes.com | ANDREW ROSS SORKIN | Posted 12.15.2009 | Business
President Obama didn't exactly look thrilled as he stared at the Polycom speakerphone in front of him. "Well, I appreciate you guys calling in," he be...
Posted 12.10.2009 | Business
In his book, "Too Big to Fail", the New York Times scribe Andrew Ross Sorkin included a photo of a banker's license plate he saw in Greenwich, CT that...
Les Leopold | Posted 11.25.2009 | Business
We should give strong consideration to nationalizing the largest banks in order to run them like public utilities. We also should consider placing banking employees into the civil service system to end the ridiculous wage distortions.
Rob Kall | Posted 11.23.2009 | Business
We have to wonder if the US had taken Hummer, especially with its dependence on the military version, and turned it into a government-owned operation, would the US benefit?
Mortimer B. Zuckerman | Posted 11.23.2009 | Business
In the grip of our Great Recession, with more job losses to come, we have yet to fix the broken financial system that is an underlying cause of this w...
Posted 11.23.2009 | Business
Ever wondered what a $9 billion check looks like? Via Andrew Ross Sorkin's website comes this rather large payout, which is detailed in his best-s...
Posted 11.19.2009 | Business
Morgan Stanley CEO John Mack appears to have no problem financial regulators. In fact, Mack, speaking at a financial journalist panel held by Bloomber...
Eric C. Anderson | Posted 11.16.2009 | Business
According to some pundits, Beijing's fixed exchange rate explains our trade imbalance with China and a end to this practice will aid the revival of manufacturing in America. Phooey.
thenation.com | William Greider | Posted 11.13.2009 | Business
The Obama administration promised to reform the financial system and make it safe for the rest of us, but recent Congressional action is more likely t...
Les Leopold | Posted 11.11.2009 | Business
Let's weigh the pros and cons of the record bonuses going to Goldman Sachs, JP Morgan Chase and Morgan Stanley (and many others) during the worst economic crash since 1929.
bloomberg.com | Michael J. Moore and Ian Katz | Posted 11.10.2009 | Business
Nov. 9 (Bloomberg) -- Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.'s investment bank, survivors of the worst financial crisis sin...
Bloomberg | Michael J. Moore and Ian Katz | Posted 11.09.2009 | Business
Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.'s investment bank, survivors of the worst financial crisis since the Great Depressio...
Les Leopold | Posted 11.07.2009 | Business
The Billionaire Bailout Society is not a shared society. We're not in it together. What's good for Wall Street is not good for the rest of us...they even get their swine flu shots before we do.
HuffingtonPost.com | Shahien Nasiripour | Posted 11.03.2009 | Business
The "Too Big To Fail" legislation currently being debated by a House committee has been widely criticized as toothless. But one provision gives the fe...
David Paul | Posted 11.03.2009 | Business
With the announcement of record Wall Street bonus pools and rising credit card fees, it is time to sit back and see where we go from here.
Raymond J. Learsy | Posted 11.08.2009 | Business
It is long past time that our government take seriously and study intensely how oil prices are determined in a world of OPEC, speculation, timid oversight and failing transparency.
Eric Schurenberg | Posted 10.31.2009 | Business
Stocks that got high quality ratings from Standard and Poor's have barely participated in the summer rally. The big gains were racked up by the seedier elements.
New York Times | GRETCHEN MORGENSON and LOUISE STORY | Posted 12.24.2009 | Business