Lloyd blankfein


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.

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.

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.

How the banks raped and pillaged us

Banks have learnt absolutely nothing from the GFC, argues Rolling Stone in a damning and fascinating look into how the big US banks gorge themselves while America goes hungry. Is another crash coming?

US Treasury boss goes into bat (and print) for himself

Former US Treasury Secretary and Goldman Sachs CEO Henry Paulson on Tuesday undertook a strident defence of his management of the US economy during the height of the financial crisis.

Goldman Sachs CEO’s $100 million pay-day

Word from the World Economic Forum is that Goldman Sachs is planning to pay its CEO Lloyd Blankfein a $100 million bonus, despite Barack Obama’s recent stern rebuke over bailed-out banks and big bonuses.

Wall St bankers explain their stuff ups

The NY Times has a nifty interactive feature on the four big bankers who headed to Capitol Hill to testify at the Financial Crisis Inquiry Commission. Hear in their own words how hurricanes, regulators, risk and overspending of mortgages all contributed to causing the GFC.

Crikey’s Business Awards of the Year: people

While Australian stock markets rebounded with vigor, and property prices continued to bubble away, Crikey celebrates those who made it all possible, and made 2009 truly a year to remember.

Goldman’s greatest hits

Former Goldman Sachs trader Bethany McLean pens an epic anthology documenting the history and scandals of banking giant Goldman Sachs, including some revealing interviews with CEO Lloyd Blankfein, COO Gary Cohn and many Wall St insiders.

Goldman doing “God’s work”; in kitten shame

Goldman Sachs’ antics continue to give Wall Street a bad name, writes David Hirst: publishing an upbeat report on real estate investment trusts while small town and Main Street America stagger to a forlorn future.

Banks: God’s work or a highway to hell

So if bankers are doing “god’s work as the Goldman Sachs boss says they are, where’s the Devil in all of this? Well, judging by the number of banks going belly up in the US, death is definitely in the air.

Bears Stern CEO joins sub-prime hit list

The last of the dominos is about to fall into place with longstanding Bears Stern CEO, Jimmy Cayne, set to retire (read: be pushed) from the Wall St investment bank, writes Adam Schwab.