Tag Archives: Goldman

Johann Hari: How Goldman gambled on starvation

Johann Hari Independent By now, you probably think your opinion of Goldman Sachs and its swarm of Wall Street allies has rock-bottomed at raw loathing. You’re wrong. There’s more. It turns out that the most destructive of all their recent … Continue reading

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Greg Smith’s Resignation: Are Wall Street Traders Psychopathic?

Maia Szalavitz Time When a Goldman Sachs executive director, Greg Smith, resigned on Wednesday, he left in his wake a scathing op-ed in the New York Times excoriating the firm for its greedy values. The op-ed shook Goldman “like a … Continue reading

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Goldman Sachs: Social Security and Medicare Are ‘Weaker’ Promises Than Debt

Peter Coy Bloomberg A report released today by Goldman Sachs says that if push comes to shove, the federal government will pay its lenders before it pays Social Security and Medicare beneficiaries. Debt service “should be seen as the top … Continue reading

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How Goldman Sachs Helped Mask Greece’s Debt

Nick Dunbar BBC News/Youtube Nick Dunbar, author of ‘The Devil’s Derivatives’, reveals how the country turned to investment bank Goldman Sachs for help getting around the deficit rules. In his report for Newsnight, some of those who did the deal, … Continue reading

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Reuters Breakingviews: Bank bonus bonanza

Source: Reuters Breakingviews columnists discuss how Lazard’s approach to compensation could be a model for Wall Street and how Goldman’s stock awards for Lloyd Blankfein stack up.

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Goldman to face mortgage debt class-action lawsuit

Source: Reuters Goldman Sachs Group Inc was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender. U.S. District … Continue reading

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Goldman, Macquarie, First NZ to Manage Mighty River IPO

Source: Bloomberg Goldman Sachs Group Inc., Macquarie Group Ltd. and a partnership of First NZ Capital and Credit Suisse Group AG will manage the initial public offering of Mighty River Power Ltd. as New Zealand’s government starts the biggest round … Continue reading

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Vampire Hedge Funds Are Sucking Greece Dry

Source: AlterNet If Goldman Sachs is a vampire squid, as Matt Taibbi so aptly named it, then hedge funds are like piranhas or sharks, eager to strip the financial carcass to the bone. Who are the real villains on Wall … Continue reading

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The world according to Goldman Sachs

Source: Telegraph Ahead of the Davos summit, Goldman Sachs president Gary Cohn talks to The Sunday Telegraph about the outlook for Europe, the US economy and whether 2012 holds any rays of hope. For the headquarters of one of the … Continue reading

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MF Global sold assets to Goldman before collapse: sources

Source: Reuters MF Global unloaded hundreds of millions of dollars’ worth of securities to Goldman Sachs in the days leading up to its collapse, according to two former MF Global employees with direct knowledge of the transactions. But it did … Continue reading

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