Poor Ol’ Goldman … Just trying to do ‘God’s work’ … And everybody treats it like the devil.
April 27th, 2010 | Bill Bonner | 6 comments | ContinuedAll Posts Tagged With: "fraud"
The Goldman Sachs Phenomenon
Now that the American financial sector is safe and unsound once again, has the threat of serious economic crisis genuinely passed? And has the structure of American capitalism actually improved? Or did the Fed merely dress a sow in lingerie and call her a raving beauty?
April 20th, 2010 | Eric J. Fry | 2 comments | Continued
America Hates Goldman Sachs
As the entire investing world knows by now, Goldman Sachs is the latest cockroach to scuttle under the spotlight. Last Friday, the Securities and Exchange Commission accused Goldman of defrauding investors out of $1 billion. The details of the SEC’s complaint allege that Goldman failed to disclose “vital information” about a mortgage-back security called Abacus.
April 20th, 2010 | Eric J. Fry | 1 comment | Continued
Goldman vs Congress
Markets all over the world reacted with red to Friday’s news that the U.S. Securities and Exchange Commission (SEC) had lowered the boom on Goldman Sachs. The SEC has technically accused Goldman of fraud. It alleges that Goldman helped create a collateralised debt obligation (CDO) made up of subprime mortgages.
April 19th, 2010 | Dan Denning | 14 comments | Continued
Financial World Has Every Reason to Encourage Government Stimulus
Besides, the limits on executive compensation are window-dressing for public (voter) consumption. With bonuses limited by statute, we reckon more compensation for the financial industry will move back to stock option grants. That means for the financial industry to preserve its privileged status, stock prices have to move higher.
September 8th, 2009 | Dan Denning | 6 comments | Continued
