The UK: oh to be in the black, rather than in deep shit … Good news on the jobs front in New Zealand … Where are the new jobs in the US … Expect mea culpas aplenty at tonight’s Goldman Sachs AGM …
Goldman Sachs
Business As Usual: The UK — oh to be in the black, rather than deep shit … but a bright spot in Nez Zealand …
Fabulous Fab: the most popular man on Wall St
Goldman’s Fabrice Tourre may be public enemy number one with the American public over his role in the company’s mortgage trading scandal, but on Wall St, he commands a dedicated cult following. Just what makes him so fab?
Business As Usual: Housing on the up … Reserve Banks nostalgia, back to 07 … retail slump spreading …
The RBA sees cash flooding through the economy over the next year … Retail sales have had the brakes applied … Goldman Sachs lawsuits … Lottery tickets and cars are big hits in China …
Business As Usual: Questions on Greece … BP oil disaster … China puts brakes on property
BP slow out of the blocks over oil spill … China still tightening the screws on property lending … What happens here if the China economy stumbles? … Mining: it’s all about geography and availability, not taking the profits.
Goldman Sachs ‘shitty’ deal link to failed Aussie hedge fund
Australia’s biggest GFC casualty has emerged as a central investor in the now infamous Timberwolf CDO that was sold by Goldman Sachs and later died a nasty death, taking the hedge fund with it.
The day the squid was grilled
CEO Lloyd Blankfein took the stand at the SEC hearing against Goldman Sachs, seemingly surprised at the criticism levelled against him. Goldman Sachs’ reputation is looking as dodgy as its deals.
Video of the Day: Goldman’s shitty deal
Watch US Senator Carl Levin grill Daniel Sparks, the former head of mortgages at Goldman Sachs, over an internal Goldman email where employees discuss the “shitty deal” they just made.
Goldman Sachs: “the kind of theater that makes you want to run to the restroom to vomit”
Barbara Kiviat reviews a scene from the “nauseating” theatre that is the Goldman Sachs hearing: the disgraced executives Still. Don’t. Get. It.
Follow the Goldman Sachs hearing live
The Washington Post is liveblogging the Goldman Sachs Senate hearing, featuring the Fabulous Fabrice Tourre, Loyd “The Squid” Blankfein, and the relentless Senator Carl “shitty” Levin.
Business As Usual: Paper cuts in US and good news and bad for Murdoch … Hockey just doesn’t get it …
US newspapers are feeling the pinch as circulations continue to drop, Joe Hockey and Tony Abbott launch predictable responses to the government’s wholesale changes to the business of financial advice and other business news.
revealed 
Read the Goldman Sachs emails [PDF]
Goldman Sachs is currently facing intense scrutiny in the US Senate, and these internal e-mails — where top company executives gloat about making “serious money” from the 2008 financial crisis — have been released as evidence, causing quite a stir.
The end of the Goldman gold mine
From placing bets on hamburger eating contests to waging that mortgage prices would fall, 2007 was a year of long hours, utter chaos, nibbling on fruit and nuts and a deep sense of foreboding in the Goldman Sachs’ offices.
Goldman Sachs debacle for dummies
Having trouble figuring out exactly what Goldman Sachs did wrong and why its being sued by the SEC? Daily Beast has brought together the best simple commentary to understand what’s at stake.
Merrill Lynch just as dodgy as Goldman Sachs?
Goldman Sachs is being sued by the SEC for deliberately intending to defraud investors. But it isn’t the only US bank pulling those shonky moves, with Merrill Lynch accused of doing the exact same deal.
Business As Usual: Goldman Sachs still swimming in it … more on Rupert’s hate list … Harvey Norman’s lost steam …
Goldman Sachs reported a huge 91% jump in net earnings from the first quarter of 2009 — but regulators aren’t backing off. That, plus Rupert Murdoch, Harvey Norman and the latest business news from Greece.
IP industry’s border control measures makes for scary stuff
An innovative society cannot be nurtured if the IP corporations holding monopoly rights are allowed to determine the economic and trade rules, circumvent courts and define constraints on civil liberties, says Anna George.
Exec pay: government gets tough with ‘claw-back’ rule
The long-awaited response to the Productivity Commission’s report on executive pay has been released. It includes a “bonus claw-back” rule, which would allow for the recovery of bonuses paid to executives who provided misleading financial information.
rumour US Govt official: “Another big shoe to drop on Goldman”
US government officials have uncovered new documents “that link certain actions to specific people” at Goldman Sachs, an anonymous insider has told Newsweek. Expect the new bombshell to drop later today.
Revenge on the Vampire Squid for taking US to the edge of Depression
The charges against Goldman Sachs (or as Rolling Stone famously dubbed them, the Vampire Squid) go right to the heart of the slump, credit crunch and everything that went with it, before and after.
Crikey Says: Anyone for calamari?
This morning Crikey consulted a timeline of the 141-year-old investment bank Goldman Sachs. It’s from 2007 that things get interesting.
The end of the Goldman-plated excuses
Goldman Sachs has been charged with fraud by the SEC. Which is not surprising, banks do dodgy things all the time and get fined and everyone moves on. But Goldman’s attempts to justify the fraud may be its death warrant, writes Steve Waldman.
Business As Usual: Calling all housing alarmists … newspaper ad revenues continue plummet …
Goldman Sachs giving advice? Oh, pllllease … Where are all the property bubblers? … Former TV CEO has a legal win … Newspaper ad revenues continue to take it in the neck … and more business briefs from around the world.
It pays to be a Goldman
Being related to a Goldman Sachs exec certainly has its perks. Like, the several children of top Goldman execs who are earning US$200,000 plus, although their roles aren’t made clear publicly.
