Topic archives: Goldman Sachs

Goldman’s shitty deal

Goldman’s shitty deal

April 28, 2010 3

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. [youtube]http://www.youtube.com/watch?v=gLx2Xc1EXLg[/youtube]

Goldman Sachs: “the kind of theater that makes you want to run to the restroom to vomit”

Goldman Sachs: “the kind of theater that makes you want to run to the restroom to vomit”

April 28, 2010

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

April 28, 2010

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.

Paper cuts in US and good news and bad for Murdoch … Hockey just doesn’t get it …

April 27, 2010 1

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.

Read the Goldman Sachs emails [PDF]

April 27, 2010

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

The end of the Goldman gold mine

April 27, 2010

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

April 23, 2010

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?

April 22, 2010

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.

Goldman Sachs still swimming in it … more on Rupert’s hate list … Harvey Norman’s lost steam …

April 21, 2010

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

April 21, 2010 4

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

Exec pay: government gets tough with ‘claw-back’ rule

April 20, 2010 2

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.

The Squid attack continues … Is Citicorp up to old tricks?

April 20, 2010

So far no smoking gun on either side of the Goldman Sachs-SEC brawl yet the squid hunting continues. The Citigroup bears retreated to the woods, the price of Kimberley Metals up nearly 33% and other business snippets.

US Govt official: “Another big shoe to drop on Goldman”

April 20, 2010

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

Revenge on the Vampire Squid for taking US to the edge of Depression

April 19, 2010

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.

SEC v Goldman Sachs: a very public attack on a very big fish

April 19, 2010 1

Goldman shares plummeted after the SEC case announced, with more than US$10 billion being wiped from the bank’s market value. It could become a criminal investigation if proof emerges that the bank intended to defraud investors.

Anyone for calamari?

April 19, 2010

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

The end of the Goldman-plated excuses

April 19, 2010

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.

Calling all housing alarmists … newspaper ad revenues continue plummet …

March 26, 2010 1

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

March 23, 2010

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.

Greece to Europe: subsidise our pain, now

March 18, 2010

Not only does Greece want Europe to underwrite its debt, it wants total control over how it draws down on that debt and how it uses it.