goldman sachs

Pres Weekly Address: Give Gov Back to the American People

Weekly Address: Giving Government Back to the American People by Jesse Lee As the President beats back lobbyists seeking to weaken Wall Street Reform, he talks about an even broader threat that would vastly expand the influence of massive industries and their lobbyists in Washington. A recent Supreme Court decision opened the floodgates for corporations, […]

Justice probe of Goldman goes beyond deals cited by SEC

The phrase “investors pounded Goldman Sachs” and words like brutal day for Goldman [and AIG] likely bring smiles to most Americans. This type of mirth may endure, By Zachary A. Goldfarb and Jerry Markon The Justice Department’s criminal investigation into Goldman Sachs goes beyond the financial transactions targeted by the Securities and Exchange Commission in […]

Democrats Unveil Tough Remedy to Radical ‘Corporations Are People Too’ Decision

As mainstream pundits continue the Democrats-are-in-trouble conventional wisdom, I see a perfect political storm developing against Republicans led by the Dem’s hitting back on the radical U.S. Supreme Court decision, CITIZENS UNITED v. FEDERAL ELECTION COMM’N ( No. 08-205 ). Correcting the Court – Democrats Unveil Tough New Legislation to Remedy “Citizens United” By Josh […]

Orwellian Obstruction: Republicans on Financial Reform

By Robert L. Borosage at Huffington Post Senate Republicans have perfected the art of saying no. But in blocking a debate on financial reform, they have begun to imitate Goldman Sachs traders, selling positions that they are betting against. Blocking financial reform is, not surprisingly, financially rewarding, as Republican leaders lease themselves to Wall Street […]

Goldman Sachs Emails: Firm Had ‘The Big Short’ As Economy Fell

Caught wind of this from the Huffington Post: As homeowners were falling behind on their subprime mortgages, wreaking havoc for investors that owned slices of their mortgages in securities peddled by Wall Street, Goldman Sachs was “well positioned,” according to internal company emails by top executives. The firm had “the big short,” declared chief financial […]

Obama’s Defining Finance Reform Speech Thursday

Update: For more information, see White House blog knocking down Wall Street Talking Points and Norm Scheiber’s  Head Lock: The inside story of how Goldman and the banks are getting clobbered on financial reform. By Simon Johnson, co-author of 13 Bankers: The Wall Street Takeover and The Next Financial Meltdown On Thursday [April 22], President Obama […]

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