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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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) ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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March 23rd, 2013
This evening is going be a big moment in turning our country around on the issue of gun violence. That's why I desperately want you ...
March 21st, 2013
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March 15th, 2013
The response to my Newtown letter this week has been overwhelming. It is so very clear to everyone that the majority of Americans have had ...
March 13th, 2013
America, You Must Not Look Away (How to Finish Off the NRA)
The year was 1955. Emmett Till was a young African American boy from Chicago visiting relatives in Mississippi. One day Emmett was seen "flirting" with ...
February 26th, 2013
My Final Word on Buzzfeed and Emad Burnat's Detention at LAX
Thanks to everyone for bearing with me as I spend so much time on what happened to Emad Burnat. It's important to me because he's ...
February 26th, 2013
Michael Moore Responds to Buzzfeed Story on '5 Broken Cameras' Co-Director Emad Burnat
On Tuesday, February 19th, Emad Burnat, the Palestianian co-director of the Oscar-nominated documentary '5 Broken Cameras,' was detained with his wife and son at Los ...
February 20th, 2013
Last night was the Motion Picture Academy-sponsored dinner in Beverly Hills honoring the directors and producers of this year's five nominated films for Best Documentary. ...
September 11th, 2010
If the 'Mosque' Isn't Built, This Is No Longer America
OpenMike 9/11/10 Michael Moore's daily blog I am opposed to the building of the "mosque" two blocks from Ground Zero. I want it built on ...
December 14th, 2010
Why I'm Posting Bail Money for Julian Assange
Yesterday, in the Westminster Magistrates Court in London, the lawyers for WikiLeaks co-founder Julian Assange presented to the judge a document from me stating that ...
May 12th, 2011
Some Final Thoughts on the Death of Osama bin Laden
"The Nazis killed tens of MILLIONS. They got a trial. Why? Because we're not like them. We're Americans. We roll different." – Michael Moore in ...
November 22nd, 2011
Where Does Occupy Wall Street Go From Here?
This past weekend I participated in a four-hour meeting of Occupy Wall Street activists whose job it is to come up with the vision and ...
September 22nd, 2011
A STATEMENT FROM MICHAEL MOORE ON THE EXECUTION OF TROY DAVIS
I encourage everyone I know to never travel to Georgia, never buy anything made in Georgia, to never do business in Georgia. I will ask ...
December 16th, 2010
Dear Swedish Government: Hi there -- or as you all say, Hallå! You know, all of us here in the U.S. love your country. Your ...
November 2nd, 2010
This letter contains (almost) no criticisms of how the Democrats have brought this day of reckoning upon themselves. That -- and where to go from ...
'Dirty Wars' by Jeremy Scahill
Why have you started a comedy festival in northern Michigan in the middle of winter?
Because if you were here in the dead of winter in the middle of nowhere (which is actually somewhere to us), you'd need a few laughs too ... Continue Reading
Michael Moore on MSNBC with Michael Eric Dyson, 3/22/13
Michael Moore on Democracy Now!, 6/28/12
Michael Moore on the Rachel Maddow Show, 5/11/12
Michael Moore on MSNBC, Super Tuesday, 3/6/12
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Michael Moore on the Rachel Maddow Show, 2/27/12
