Tags: God's work + Goldman Sachs + Greece + Hank Paulson + Lloyd Blankfein + SEC + Sub Prime Mortgage + Treasury
The US Securiites & Exchange Commission (SEC) filed civil fraud charges against Goldman Sachs yesterday. According to the charges, Goldman deceived investors by representing both sides of a rigged deal and mislead the buyer that mortgages selected to be included in to a derivatives contract were made by an independent third-party. Instead Goldman let the [...]
April 17, 2010 - Economy, Markets, Politics - 0 Comments
Tags: Bailout + Banks + Deficit + Geithner + Goldman Sachs + Greece + Lloyd Blankfein
Lloyd Blankfein, Goldman Sach’s CEO defended his firms practices saying he saw Goldman as doing “God’s Work.” Selling disguised subprime mortgages as AAA paper to pension plans and sovereign governments, devising camaflouge trades to mask debt and regulatory problems, holding out for the last dollar on AIG Credit Default Swaps to make profit on the [...]
March 4, 2010 - Politics - 0 Comments
Tags: Bailout + Banks + Barney Frank + Congress + Fed + Federal Reserve + Geithner + Goldman Sachs + JPM + Taxes + Treasury
The Federal Reserve goes back to court in a few months to block Bloomberg’s lawsuit under the Freedom of Information Act to see which banks got favored treatment by the Fed & Treasury with the bailout funds. The Fed’s argument is that should the public know who got the funds there could be a run [...]
January 11, 2010 - Economy, Politics - 0 Comments
Tags: China + Goldman Sachs + Sub Prime Mortgage + Trade + Treasury
Eighteen months into the job SB asks: Is Henry Paulson the right man be be Secretary of the Treasury? Oh, he has impeccable credentials coming from Goldman Sachs where he was CEO. But just maybe therein lies a problem?
December 19, 2007 - Economy, Markets, Politics - 0 Comments
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