Goldman Executives: We Made Money Betting Against Mortgage Market
Michael Winship, Truthout: "Goldman Sachs is the Blackwater of finance, the latest in a long line of companies you love to hate, like AIG and the Dallas Cowboys. Hit 'refresh' on any financial news Web site and you're likely to get yet another revelation of [Goldman Sachs'] colossal and impressively varied shenanigans."
http://www.truthout.org/goldman-sachs-what-hath-fraud-wrought58854
Goldman Executives: We Made Money Betting Against Mortgage Market
Greg Gordon, McClatchy Newspapers: "In an internal e-mail released Saturday, Goldman Sachs chief executive Lloyd Blankfein wrote in November 2007 that the firm "didn't dodge the mortgage mess," but "made more than we lost" by betting against the US housing market."
http://www.truthout.org/goldman-executives-we-made-money-betting-against-mortgage-market58858
Computerized Front-Running: Another Goldman-Dominated Fraud
Ellen Brown, Truthout: "While the SEC is busy investigating Goldman Sachs, it might want to look into another Goldman-dominated fraud: computerized front-running using high-frequency trading programs."
http://www.truthout.org/computerized-front-running-another-goldman-dominated-fraud58865
Goldman "Shorted" Mortgages Because World Wouldn't Expect It
Chris Adams and Greg Gordon, McClatchy Newspapers: "A key Goldman Sachs trading manager indicated in his personnel performance review that he could use the 'fear' in the market of a coming collapse in the nation's mortgage market to make profits for the Wall Street firm, documents released Tuesday show."
http://www.truthout.org/document-goldman-shorted-mortgages-because-world-wouldnt-expect-it58916
--------
Inside Goldman Sachs’ “big short”
Mother Jones
by Andy Kroll
04/24/10
A newly released set of internal Goldman Sachs emails offers further evidence of how the investment firm knowingly bet big against the housing market — what one top executive called its ‘big short’ — and even wagered against mortgage-tied products of its own creation. The documents, released this morning by a Senate committee investigating Goldman and other investment firms, will fuel charges that Goldman positioned itself against the interests of its clients and most Americans. And while not as severe as the Securities and Exchange Commission’s ongoing suit against Goldman, the emails are sure to heap more pressure on the under-fire Wall Street titan...
http://tinyurl.com/2bk2ny5
Washington & Wall Street: A “democracy” in denial
Our Future Blog
by Sam Pizzigati
04/24/10
Some Americans get all bent out of shape when they hear someone label the United States a ‘plutocracy.’ But if we have an honest-to-goodness democracy, where the people really rule, then how can we explain Goldman Sachs? The outsized political role of Goldman Sachs, America’s most powerful bank, has been attracting widespread attention — and flack — ever since the U.S. economy went freefall in 2008. But many defenders of our democratic virtue appear convinced that the Goldman Sachs power trip may soon be ancient history. Sure, the argument goes, Goldman had a good run. But democracy has caught up with Wall Street profiteering. … Feel ready to start cheering? Hit your pause button....
http://tinyurl.com/39ooc8g
The Washington-Wall Street kabuki dance
Foundation for Economic Education
by Sheldon Richman
04/23/10
When I watch the public furor over the ruling party’s attempt to ‘toughen’ regulations on the financial industry, I get the same feeling I often have in a theater: Good show but it’s not real. There’s something eerily ritualistic about the current occupant of the White House berating Wall Street for its irresponsibility and proposing new regulations, while his targets send a swarm of lobbyists to Washington to keep the regulatory overhaul from getting out of hand. (History says they’ll be on good terms with the regulators in any case.)...
http://tinyurl.com/24549go
Informant: Thomas L. Knapp
--------
Will Goldman Sachs Prove Greed is God?
By Matt Taibbi
The investment bank's cult of self-interest is on trial against the whole idea of civilization - the collective decision by all of us not to screw each other over even if we can.
http://www.informationclearinghouse.info/article25317.htm
http://freepage.twoday.net/search?q=plutocracy
http://freepage.twoday.net/search?q=Goldman+Sachs
http://freepage.twoday.net/search?q=Wall+Street
http://freepage.twoday.net/search?q=Securities+and+Exchange+Commission
http://freepage.twoday.net/search?q=financial+industry
http://freepage.twoday.net/search?q=lobbyists
http://freepage.twoday.net/search?q=Blackwater
http://freepage.twoday.net/search?q=AIG+insurance
http://freepage.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=housing
http://freepage.twoday.net/search?q=Michael+Winship
http://freepage.twoday.net/search?q=Greg+Gordon
http://freepage.twoday.net/search?q=Andy+Kroll
http://freepage.twoday.net/search?q=Sam+Pizzigati
http://freepage.twoday.net/search?q=Sheldon+Richman
http://freepage.twoday.net/search?q=Matt+Taibbi
http://freepage.twoday.net/search?q=Ellen+Brown
http://freepage.twoday.net/search?q=Chris+Adams
http://freepage.twoday.net/search?q=Greg+Gordon
http://www.truthout.org/goldman-sachs-what-hath-fraud-wrought58854
Goldman Executives: We Made Money Betting Against Mortgage Market
Greg Gordon, McClatchy Newspapers: "In an internal e-mail released Saturday, Goldman Sachs chief executive Lloyd Blankfein wrote in November 2007 that the firm "didn't dodge the mortgage mess," but "made more than we lost" by betting against the US housing market."
http://www.truthout.org/goldman-executives-we-made-money-betting-against-mortgage-market58858
Computerized Front-Running: Another Goldman-Dominated Fraud
Ellen Brown, Truthout: "While the SEC is busy investigating Goldman Sachs, it might want to look into another Goldman-dominated fraud: computerized front-running using high-frequency trading programs."
http://www.truthout.org/computerized-front-running-another-goldman-dominated-fraud58865
Goldman "Shorted" Mortgages Because World Wouldn't Expect It
Chris Adams and Greg Gordon, McClatchy Newspapers: "A key Goldman Sachs trading manager indicated in his personnel performance review that he could use the 'fear' in the market of a coming collapse in the nation's mortgage market to make profits for the Wall Street firm, documents released Tuesday show."
http://www.truthout.org/document-goldman-shorted-mortgages-because-world-wouldnt-expect-it58916
--------
Inside Goldman Sachs’ “big short”
Mother Jones
by Andy Kroll
04/24/10
A newly released set of internal Goldman Sachs emails offers further evidence of how the investment firm knowingly bet big against the housing market — what one top executive called its ‘big short’ — and even wagered against mortgage-tied products of its own creation. The documents, released this morning by a Senate committee investigating Goldman and other investment firms, will fuel charges that Goldman positioned itself against the interests of its clients and most Americans. And while not as severe as the Securities and Exchange Commission’s ongoing suit against Goldman, the emails are sure to heap more pressure on the under-fire Wall Street titan...
http://tinyurl.com/2bk2ny5
Washington & Wall Street: A “democracy” in denial
Our Future Blog
by Sam Pizzigati
04/24/10
Some Americans get all bent out of shape when they hear someone label the United States a ‘plutocracy.’ But if we have an honest-to-goodness democracy, where the people really rule, then how can we explain Goldman Sachs? The outsized political role of Goldman Sachs, America’s most powerful bank, has been attracting widespread attention — and flack — ever since the U.S. economy went freefall in 2008. But many defenders of our democratic virtue appear convinced that the Goldman Sachs power trip may soon be ancient history. Sure, the argument goes, Goldman had a good run. But democracy has caught up with Wall Street profiteering. … Feel ready to start cheering? Hit your pause button....
http://tinyurl.com/39ooc8g
The Washington-Wall Street kabuki dance
Foundation for Economic Education
by Sheldon Richman
04/23/10
When I watch the public furor over the ruling party’s attempt to ‘toughen’ regulations on the financial industry, I get the same feeling I often have in a theater: Good show but it’s not real. There’s something eerily ritualistic about the current occupant of the White House berating Wall Street for its irresponsibility and proposing new regulations, while his targets send a swarm of lobbyists to Washington to keep the regulatory overhaul from getting out of hand. (History says they’ll be on good terms with the regulators in any case.)...
http://tinyurl.com/24549go
Informant: Thomas L. Knapp
--------
Will Goldman Sachs Prove Greed is God?
By Matt Taibbi
The investment bank's cult of self-interest is on trial against the whole idea of civilization - the collective decision by all of us not to screw each other over even if we can.
http://www.informationclearinghouse.info/article25317.htm
http://freepage.twoday.net/search?q=plutocracy
http://freepage.twoday.net/search?q=Goldman+Sachs
http://freepage.twoday.net/search?q=Wall+Street
http://freepage.twoday.net/search?q=Securities+and+Exchange+Commission
http://freepage.twoday.net/search?q=financial+industry
http://freepage.twoday.net/search?q=lobbyists
http://freepage.twoday.net/search?q=Blackwater
http://freepage.twoday.net/search?q=AIG+insurance
http://freepage.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=housing
http://freepage.twoday.net/search?q=Michael+Winship
http://freepage.twoday.net/search?q=Greg+Gordon
http://freepage.twoday.net/search?q=Andy+Kroll
http://freepage.twoday.net/search?q=Sam+Pizzigati
http://freepage.twoday.net/search?q=Sheldon+Richman
http://freepage.twoday.net/search?q=Matt+Taibbi
http://freepage.twoday.net/search?q=Ellen+Brown
http://freepage.twoday.net/search?q=Chris+Adams
http://freepage.twoday.net/search?q=Greg+Gordon
rudkla - 25. Apr, 18:48