Bloomberg scores high marks for simply reporting and not editorializing. Which is why this picture of Goldman Sachs CEO Lloyd Blankfein they’ve been running repeatedly all over their site for the past 1.5 weeks raises an eyebrow (or causes one to furrow). Sure you could argue this is editorializing, especially when they used it in
Lloyd Blankfein
Today was the the SEC’s One Day As A Lion as they filed the first big claim against Wall Street—a subprime MBS fraud suit against Goldman Sachs—since the great recession began in 2007. So this installment of bTunes is for the SEC from Zach De La Rocha. The former Rage front man named his new
Goldman Sachs shares are currently down 12% today following an SEC lawsuit claiming Goldman committed subprime fraud. The SEC suit alleges Goldman was paid by hedge fund Paulson & Co. to create and market a subprime mortgage derivative product sold under the name Abacus, then Paulson & Co. shorted it while Goldman was marketing it
The CEOs of Goldman, Bank Of America, JP Morgan Chase, and Morgan Stanley went before the Congressional Financial Crisis Inquiry Commission today to revisit what happened during the heat of the financial crisis in 2008. Yesterday the NYT published a good list of questions that should be asked. Some are populist propaganda, but many are
According to the Associated Press, here are the 10 highest-paid CEOs for 2008 at Standard & Poor’s 500 companies based on AP calculations. The analysis includes companies that filed proxy statements with the Securities and Exchange Commission between Jan. 1 and April 20. The total pay figures are rounded and are based on the AP’s
In the context of proposed legislation to tax Wall Street bonuses at 90%, Goldman Sachs head Lloyd Blankfein is reportedly going to return $10b in TARP funds his firm received. Another unnamed Goldman exec said “It’s just impossible to run our business in this environment,” which is an understatement given the shortsighted proposal for such