Overnight the US Securities and Exchange Commission revealed it had fingered one of the most senior people in the American business establishment on insider trading charges.
US Securities and Exchange Commission
Digging through the “Dead Presidents” corpses
An investigation is being launched into whether Morgan Stanley deliberately designed and then bet against mortgage deals, nicknamed the “Dead Presidents” deals. Did Morgan Stanley pull a Goldman Sachs?
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.
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.
BHP reveals possible corruption, but we need more disclosure
The world’s biggest mining company has joined its smaller rival, Rio Tinto, in being implicated in possible corrupt activities. BHP needs to disclose further information about the investigations immediately.
Corruption at BHP?
BHP Billiton is being investigated for possible corruption involving government officials by the US Securities and Exchange Commission. The alleged corruption relates “primarily to certain terminated minerals exploration projects”.
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.
Insider trading: 14 more, including Octopussy, arrested on Wall St
Wall Street’s biggest insider trading fiasco is growing, with another 14 arrested overnight in charges involving $US33 million in illegal profits. Will this be the scandal to define the noughties’ boom and bust?
