Tag Archives: Sachs

The Careerists

Chris Hedges truthdig.com The greatest crimes of human history are made possible by the most colorless human beings. They are the careerists. The bureaucrats. The cynics. They do the little chores that make vast, complicated systems of exploitation and death … Continue reading

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Exclusive: Goldman Sachs VP Changed His Name, Now Advances Goldman Lobbying Interests As Top Staffer To Darrell Issa

Source: ThinkProgress Has Rep. Darrell Issa (R-CA) turned the House Oversight Committee into a bank lobbying firm with the power to subpoena and pressure government regulators? ThinkProgress has found that a Goldman Sachs vice president changed his name, then later … Continue reading

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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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Goldman Banker goes Rogue amid the Fed’s Recent Stress Tests w/Naked Capitalism’s Yves Smith

RT Welcome to Capital Account. Goldman Sachs gets outed in a scathing resignation letter on the New York Times op-ed page today from executive director and head of Goldman Sach’s US equity derivatives business in Europe, Greg Smith. In the … 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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Greece Scammed By Goldman While Trying To Meet EU Financial Terms

Alexander Higgins Alexander Higgins Blog While trying to meet the terms of the EU Treaty, Goldman Sachs’ duped Greece in a derivative transaction disguised as a loan leaving taxpayers on the hook for $793 million. A Bloomberg report on Goldman … 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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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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