Goldman Shares Up; SEC Announces Settlement
NEW YORK -- Shares of Goldman Sachs Group Inc. (GS) surged after the close of trading as the Securities and Exchange Commission announced it would settle a fraud lawsuit against the investment bank. Earlier Thursday, in the regular trading session, shares of the investment bank rose after the SEC said ...
Congress approves sweeping Wall Street reforms
WASHINGTON – Congress on Thursday passed the stiffest restrictions on banks and Wall Street since the Great Depression, clamping down on lending practices and expanding consumer protections to prevent a repeat of the 2008 meltdown that knocked the economy to its knees.A year in the making and 22 months after ...
Criminal probe targets 6 Wall Street firms: source
Prosecutors are conducting a broad criminal investigation of six major Wall Street banks, including JPMorgan Chase & Co and Citigroup Inc, to determine if they misled investors, a person familiar with the matter said on Thursday.The others are Deutsche Bank AG, UBS AG, Morgan Stanley and Goldman Sachs Group Inc, ...
Criminal Probe Looks Into Goldman Trading
Federal prosecutors are conducting a criminal investigation into whether Goldman Sachs Group Inc. or its employees committed securities fraud in connection with its mortgage trading, people familiar with the probe say.The investigation from the Manhattan U.S. Attorney's Office, which is at a preliminary stage, stemmed from a referral from the ...
Goldman may face Justice Department review
The Securities and Exchange Commission has referred its investigation of Goldman Sachs to the Justice Department for possible criminal prosecution, less than two weeks after filing a civil securities fraud case against the firm, according to a source familiar with the matter. Any probe by the Justice Department, if underway, ...
Legislators suggest fraud, request Goldman inquiry
WASHINGTON - A group of 62 House lawmakers is asking the Justice Department to conduct a criminal investigation of Goldman Sachs Group Inc.Rep. Marcy Kaptur (D., Ohio) said Wednesday that a letter from the group to Attorney General Eric H. Holder Jr. requested an immediate opening of a criminal probe."On ...
Kaptur Presses for Wall Street Probes
The pressure on federal investigators to bring financial fraud cases showed up on literally on the Justice Department’s doorstep today.Rep. Marcy Kaptur (D., Ohio), showed up with an entourage to deliver a letter signed by 62 members of Congress to urge the department to investigate Goldman Sachs and other Wall ...
Blankfein Says Firm Doesn’t Need to Disclose Position
Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein told a Senate panel that market-makers have no obligation to tell clients about their own position in a security. Blankfein, responding to questions from Senator Carl Levin, chairman of the Permanent Subcommittee on Investigations, said the nature of the principal business ...
Democrats push bank controls; GOP delays action
WASHINGTON – Undaunted by a Senate setback, Democrats appeared increasingly confident Monday they will be able to take advantage of Americans' anger at Wall Street and push through the most sweeping new controls on financial institutions since the Great Depression.The Senate, in a 57-41 vote, failed to get the 60 ...
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 ...
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 ...
SEC staffers watched porn as economy crashed
WASHINGTON – Senior staffers at the Securities and Exchange Commission spent hours surfing pornographic websites on government-issued computers while they were being paid to police the financial system, an agency watchdog says.The SEC's inspector general conducted 33 probes of employees looking at explicit images in the past five years, according ...
The Speech: The Good, The Bad and The Missing
The Good: The president had strong language for backing real derivative reforms. The Bad: Vague language about the "Volcker rule" will not stop Too Big To Fail; but a plan like this (or even one like this) for breaking up the current mega-banks and limiting their liabilities will. The Missing: ...
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) ...
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 ...
Top Republican asserts feds 'looked the other way' from financial fraud
Federal regulators "looked the other way" while Wall Street firms engaged in dubious practices that led to securities charges against Goldman Sachs, the senior House Republican on financial issues said Tuesday. Rep. Spencer Bachus (Ala.), the top Republican on the House Financial Services Committee, also suggested there was a certain ...
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 ...
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 ...
Goldman Sachs won't investigate executive pay
NEW YORK — Goldman Sachs Group Inc. said Monday it has rejected demands by shareholders to investigate the Wall Street bank's compensation practices.Shareholder lawsuits filed recently in New York and Delaware charge that Goldman's compensation levels in 2009 were too high, Goldman said in a Securities and Exchange Commission filing. ...
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June 5th, 2013
Here's How We Built a Movie Theater for the People – and Why the MPAA Says It's #1 in the World
This past week, the Motion Picture Association of America (MPAA), the main federation of Hollywood's six major studios, posted on their web site a list of what they believe ...
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
I am hosting a nationwide series of house parties this Saturday night where tens of thousands of people will gather together in living rooms to ...
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 ...
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 ...
'The East'
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
