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.
Lloyd blankfein
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.
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.
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.
rumour
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.







