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Goldman Sachs

That’s a $h!#ty Policy

Thursday, July 29th, 2010 at 8:00 am

On the front page of today’s Wall Street Journal is story about one of the fallouts from Goldman Sachs’ recent problems with the SEC: George Carlin Never Would’ve Cut It at the New Goldman Sachs. One of the most sensational bits of Goldman Sachs fiasco was an email from a Goldman executive “[B]oy that, timberwolf… » Read More

Goldman Settles; Fabulous Fab is Left on His Own

Friday, July 16th, 2010 at 9:51 am

Goldman Sachs settled with the Securities and Exchange Commission. That’s not a surprise. Goldman did not want to litigate this action. It wanted it to go away. As a shareholder in Goldman, I wanted it to go away. It seems others did also. GS stock price opened at $138.50 on Thursday morning. It opened at… » Read More

What About the Rating Agencies?

Monday, May 3rd, 2010 at 8:00 am

There has been lots of criticism aimed at Goldman Sachs over the Abacus 2007-AC1 deal. They help set up a CDO so their client, Paulson & Company, could make a bet on a downturn in the residential real estate market. To make that bet, they allowed Paulson to influence the securities that went into the… » Read More

Subprime Lending Settlement in Massachusetts

Thursday, May 14th, 2009 at 7:00 am

Massachusetts Attorney General Martha Coakley’s Office announced that it has reached a settlement agreement with Goldman Sachs & Co stemming from the office’s investigation of subprime lending and securitization markets. The Attorney General’s Office has been investigating the role of investment banks in the origination and securitization of subprime loans in Massachusetts. The Attorney General’s… » Read More