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Articles tagged with: “Goldman Sachs”

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April 26th, 2010

Blankfein testimony to deny charges

In testimony before a Senate committee Tuesday, Goldman Sachs CEO Lloyd Blankfein will deny his firm bet against the U.S. housing market and its own clients in 2007 and 2008 – and say that investments in the turbulent housing market were handled appropriately. Goldman faces SEC fraud charges over the ... continue reading

April 26th, 2010

Senate probe: Goldman planned to profit from bust

WASHINGTON – Goldman Sachs developed a strategy to profit from the housing meltdown and reaped billions at the expense of clients, a Senate investigation has found.Top Goldman executives misled investors in complex mortgage securities that became toxic, investigators for a Senate panel allege. They point to e-mails and other Goldman ... continue reading

April 26th, 2010

Financial reform nears test in Senate

WASHINGTON – The most sweeping overhaul of financial regulation since the Great Depression was on track to fail its first procedural test on Monday in the Senate, where Republicans vowed to block the Democratic bill.As Wall Street reeled from revelations out of a fraud case against Goldman Sachs, both sides ... continue reading

April 25th, 2010

E-mails show Goldman boasting as meltdown unfolds

NEW YORK – E-mails released Saturday morning show top executives at Goldman Sachs Group Inc. boasting about the money the firm was making as the national housing market collapsed in 2007. The e-mails suggest Goldman benefited from its bets that securities backed by subprime mortgages would lose value. "Of course ... continue reading

April 23rd, 2010

More House Dems call for criminal investigation of Goldman

We reported on Wednesday that 18 House Democrats are calling for a criminal investigation of Goldman Sachs. As of today, that number has more than doubled, reaching 44 lawmakers.You can see the full list of signing members at the website of the Progressive Change Campaign Committee (PCCC), which is organizing ... continue reading

April 23rd, 2010

Probe Turns to Buffett Deal

A Goldman Sachs Group Inc. director tipped off a hedge-fund billionaire about a $5 billion investment in Goldman by Warren Buffett's Berkshire Hathaway Inc. before a public announcement of the deal at the height of the 2008 financial crisis, a person close to the situation says.The revelation marks a significant ... continue reading

April 23rd, 2010

Lincoln says she won't take Goldman Sachs money

LITTLE ROCK, Ark. — U.S. Sen. Blanche Lincoln's campaign said Wednesday it will no longer accept contributions linked to Goldman Sachs, the major investment bank facing federal fraud charges. Lincoln's chief rival for the Democratic Senate nomination has criticized her for accepting money from the embattled firm. Lincoln's campaign said ... continue reading

April 22nd, 2010

Michael Moore on Countdown With Keith Olbermann (Guest Host Lawrence O'Donnell) - Part 1

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April 22nd, 2010

Goldman's White House connections raise eyebrows

WASHINGTON — While Goldman Sachs' lawyers negotiated with the Securities and Exchange Commission over potentially explosive civil fraud charges, Goldman's chief executive visited the White House at least four times. White House logs show that Chief Executive Lloyd Blankfein traveled to Washington for at least two events with President Barack ... continue reading

April 21st, 2010

House Democrats calling for criminal investigation of Goldman Sachs

A growing number of House Democrats are asking the Department of Justice to open a criminal investigation into Goldman Sachs.Rep. Marcy Kaptur (D-Ohio) made the request Tuesday in a letter to Attorney General Eric Holder. Since then, almost 20 of her colleagues have signed on.The Securities and Exchange Commission (SEC) ... continue reading

William Black

Former financial regulator

April 21st, 2010

A Tale of Two Paulsons

The Senate Banking Committee released the findings from its investigation of Washington Mutual – the largest S&L and largest bank failure. My research specialty is “control fraud.” These are frauds led by those that control seemingly legitimate entities and use them as a “weapon” to defraud. Financial control frauds’ “weapon ... continue reading

April 21st, 2010

Tangled webs: Greenspan, Paulson, Goldman, the SEC and C&C Music Factory

I was at the crib, sittin’ by the fireplace Drinkin’ cocoa on the bear skin rug The door bell rang. Who could it be? Thought to myself then started to shrug Got to the door. Ding Dong. Who is it? My girl’s best friend had payed me a visit. Sly ... continue reading

April 21st, 2010

Paulson defends hedge fund's role in Goldman Sachs row

Hedge fund Paulson & Co has tried to reassure investors over the firm's role in the Goldman Sachs fraud dispute. The fund's owner, John Paulson, wrote to investors defending its actions as "appropriate" and made in "good faith". The US's financial regulator has filed civil charges against Goldman that it ... continue reading

April 21st, 2010

It's Lloyd's of Washington next week

He wasn't named in the Securities and Exchange Commission's fraud suit against Goldman Sachs, but CEO Lloyd Blankfein nonetheless will find himself on the hot seat about the matter when he goes to Washington to testify before a congressional panel about toxic mortgage securities. Sources tell The Post that Blankfein ... continue reading

April 20th, 2010

Goldman earns $3.3B in 1Q as fraud case looms

NEW YORK — Goldman Sachs reaffirmed its leadership among Wall Street banks as it reported its first-quarter profits doubled. But the news was overshadowed by the investment bank's growing legal problems.As Goldman Sachs Group Inc. executives held conference calls with banking industry analysts and reporters Tuesday, the questions focused more ... continue reading

April 20th, 2010

Goldman Sachs was top Obama donor

Washington — For Goldman Sachs, a large financial investment in President Obama does not appear to be paying off. Wall Street's top investment bank was a generous contributor to Obama's presidential campaign. The company has defended itself from civil fraud charges filed by the Securities and Exchange Commission and, along ... continue reading

April 20th, 2010

US lawmaker returns Goldman campaign donations

WASHINGTON — A Republican US lawmaker vying for President Barack Obama's old Senate seat said Monday he would return campaign donations from Goldman Sachs amid fraud charges against the Wall Street titan. Representative Mark Kirk of Illinois's campaign spokeswoman, Kirsten Kukowksi, said he would voluntarily return campaign contributions made by ... continue reading

April 20th, 2010

Lincoln says she won't return Goldman contributions

Sen. Blanche Lincoln (D-Ark.) said Tuesday she won't return contributions she's received from Goldman Sachs employees. Lincoln, who's authoring a section of the Wall Street reform bill that regulates derivatives markets, said she'd hold onto contributions from employees of the company, which was charged last week with fraud. "No," Lincoln ... continue reading

April 19th, 2010

Goldman Sachs faces questions in Europe

LONDON — Goldman Sachs is facing a potential backlash in Europe over the fraud case brought against it in the United States, with Britain's Prime Minister Gordon Brown calling for authorities there to investigate and accusing the investment bank of "moral bankruptcy."Germany also said it would ask for detailed information ... continue reading

April 19th, 2010

Goldman figure Paulson hosted Romney, Steele last week

Republicans Mitt Romney and Michael Steele headlined a Republican National Committee fundraiser six days ago at the home of the hedge fund titan at the center of the Security and Exchange Committee's fraud charges against Goldman Sachs.A spokesman for the RNC confirmed the Tuesday evening event at the Manhattan home ... continue reading

Dylan Ratigan

Host, Dylan Ratigan Show

April 19th, 2010

A Patriot's Day Call to Arms

This letter is a call to (electronic) arms on Patriots' Day. Mr. President, please show the American people the AIG emails. In the wake of the disclosures associated with Friday's government fraud accusations against Goldman, Sachs & Co., one of our nation's wealthiest, largest and most politically well-connected banks, it ... continue reading

Dylan Ratigan

Host, Dylan Ratigan Show

April 16th, 2010

A Goldman Rebuttal

The following includes questions and commentary for Goldman Sachs as the company defends itself against charges of fraud:Dear Lucas,Since I haven't been able to get you or anyone from Goldman Sachs to appear on my show in months, perhaps we can just try corresponding in writing. Thank you for your ... continue reading

April 16th, 2010

Goldman Sachs Slapped With Fraud Charge

Goldman Sachs misstated and left out key facts of a subprime-related security, according to the Securities and Exchange Committee, and the news sent the financial sector crashing in midday trading Friday. The SEC filed a civil fraud complaint against Goldman Sachs and one of its employees Fabrice Tourre, accusing Goldman ... continue reading

April 16th, 2010

Goldman Sachs’s ‘Fabulous Fab’ Loses Bet He’s Sole ‘Survivor’

April 16 (Bloomberg) -- Goldman Sachs Group Inc.’s “Fabulous Fab” saw himself as the “only potential survivor” when the housing market began to collapse in 2007. Instead he became the only person named today when regulators charged the firm with fraud. Fabrice Pierre Tourre, the 31-year-old French trader accused by ... continue reading

April 16th, 2010

SEC accuses Goldman Sachs of civil fraud

The Securities and Exchange Commission filed fraud charges Friday against Goldman Sachs, one of the most successful but vilified banks on Wall Street, for allegedly selling investors a financial product based on subprime mortgages that was secretly designed to lose value. In filing the civil suit against Goldman Sachs, the ... continue reading

First Page 2 of 8 Last

Time to put the cuffs on Chris Christie -- not for the bridge scandal, but for this: Chris Christie's $300m pension proposal broke state anti-corruption...

Apr 18th
7:31 PM
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George W. Bush Debuts New Paintings Of Dogs, Friends, Ghost Of Iraqi Child That Follows Him... www.theonion.com President Bush has a new hobby -- painting! --...

Apr 17th
7:28 PM
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Big new story from David Sirota and Pando on top Christie adviser and appearance of corruption at New Jersey's pension fund: REVEALED: Gov....

Apr 17th
12:41 PM
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FBI Uncovers Al-Qaeda Plot To Just Sit Back And Enjoy Collapse Of United States www.theonion.com WASHINGTON—The FBI announced today that it has uncovered a...

Apr 15th
3:28 PM
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Revealed: Rahm Emanuel's top donor bought stock in Marriott just before it was awarded huge contract pando.com As schools are closed and pensions cut,...

Apr 9th
2:00 PM
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I'll be at First Time Fest today in New York City at the screening of my first film, Roger & Me. Loews Village 7 at 12:30 pm. Come see it on the big...

Apr 5th
9:48 AM
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Revealed: Rahm Emanuel cuts public pensions, diverts money to benefit campaign donors pando.com If you've read the financial news out of Chicago the last...

Apr 4th
2:19 PM
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Please take a moment today to think of Casey Austin Sheehan, son of Cindy and Patrick, who was murdered by U.S. foreign policy in Sadr City, Baghdad ten years...

Apr 4th
2:00 PM
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ICYMI - I've joined this "thunderclap" to support the Connecticut legislators who voted yes on last year's Act Concerning Gun Violence...

Apr 3rd
7:38 PM
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I've joined this "thunderclap" to support the Connecticut legislators who voted yes on last year's Act Concerning Gun Violence Prevention...

Apr 2nd
8:27 PM
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I am opposed to the death penalty, but to every rule there is usually an exception, and in this case I hope the criminals at General Motors will be arrested...

Apr 1st
3:55 PM
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How Long Some in the US Will Survive Under New Health Law ...by Donna Smith www.michaelmoore.com Those who must access care to live and can afford it are not...

Mar 31st
10:13 PM
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Last night, The Good Wife on the East Coast started 40 minutes late due to the overrun of the NCAA basketball game. If you had your DVR set for the show, you...

Mar 24th
5:41 PM
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Watching films today, looking for the ones I'm going to pick for my film festival this summer. I (and a whole bunch of others!) have this thing we put on...

Mar 23rd
4:48 PM
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When the U.S. Health Care System Keeps Killing, Who Cares Enough to Fight? ...by Donna Smith www.michaelmoore.com We have largely forgotten that people are at...

Mar 21st
5:56 PM
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Tell the White House not to give up on Dr. Vivek Murthy's nomination as Surgeon General despite the ferocious opposition from the NRA: Don't give...

Mar 21st
5:38 PM
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This criminal would never see a jail cell, nor would his cronies. In fact, they'd later be rewarded with re-election: Presidential Address on War with...

Mar 19th
9:40 PM
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The crime of the century -- our invasion & slaughter in Iraq -- started 11 years ago tonite in this 7pm (ET) hour, March 19th, 2003: CNN Coverage of...

Mar 19th
9:08 PM
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Washington’s Back-to-the-Future Military Policies in Africa ...by Nick Turse www.michaelmoore.com Nick Turse is an award-winning journalist, historian,...

Mar 17th
4:59 PM
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"I think democracy is the most revolutionary thing in the world." -- Tony Benn, 1925-2014 Tony Benn in 'Sicko'

Mar 14th
10:07 AM
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RIP Tony Benn, one of the UK's greatest leaders: Tony Benn, veteran Labour politician, dies aged 88 www.theguardian.com Former cabinet minister died at...

Mar 14th
9:53 AM
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Please read this important story from K. Ford K.: Am I the Face of the New American Middle Class? www.huffingtonpost.com I began to feel I had slipped so low...

Mar 13th
2:24 PM
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Yesterday Dianne Feinstein revealed that the CIA has been spying on the Senate Intelligence Committee. This is all about the report the committee has produced...

Mar 12th
6:48 PM
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Health Care for All Colorado has brought Mercy Killers, a show written and performed by Michael Milligan about our murderous for-profit healthcare system, to...

Mar 10th
1:08 PM
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Health Care Dramas that Sting and Why We Have to Watch ...by Donna Smith www.michaelmoore.com The realities Milligan has written into the show cut deep into...

Mar 10th
1:02 PM
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Did you know the Lehrer Newshour on PBS has been produced for 20 years by a company owned by conservative cable billionaire John Malone? Me neither. After...

Mar 7th
8:39 PM
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Mr. Obama, if int’l law is so damn crucial . . . | RootsAction.org act.rootsaction.org The Russian intervention deserves criticism. But let’s be clear. The...

Mar 6th
1:21 PM
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Enron billionaire John Arnold thinks everyone should believe him when he says we've got to cut pensions because he's so incredibly rich: John...

Mar 5th
4:20 PM
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More in David Sirota's continuing series on the billionaire takeover of PBS: More PBS conflict woes as activists move to eject David Koch from board of...

Mar 3rd
12:35 PM
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