Consumerist
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goldman sachs
Goldman Secretly Bet On Housing Crash
A 5-month investigation by McClatchy Newspapers has found that Goldman secretly bet on the housing crash, went out and pimped the dickens out of assets it knew were junk, and may have broken securities laws in doing so. McClatchy found that Goldman... More » -
prognostications
Goldman Sachs Thinks Walmart And Amazon Are Gonna Kick Best Buy's Ass
Best Buy has been downgraded to neutral from "buy" by Goldman Sachs on concerns that Amazon.com and Walmart are poised to begin a serious asskicking. More » -
failure
NY AG: Banks Paid Bonuses That Were Substantially Greater Than The Banks' Net Income
New York Attorney General Andrew Cuomo's report on the bonus structures of the banking industry is out and — oh my— it's damning. The AG says that 3 banks, Goldman Sachs, Morgan Stanley, and JP. Morgan Chase, paid out bonuses that " were substantially greater than the banks' net income." More » -
bailout
JPMorgan Chase Wants To Repay Bailout Money
JPMorgan Chase, Morgan Stanley and Goldman Sachs are seeking permission to repay government bailout funds, says Reuters. More » -
money meltdown
Bailed Out Bank Executives Got $1.6 Billion
A study by the Associated Press says that executives at bailed out banks got $1.6 billion in salaries, bonuses, and other benefits — including cars, personal use of company jets, and country club memberships. More » -
goldman sachs
Goldman Furious Over Our Posting Insider's Confession About Ripping Off Non-Profits
Goldman-Sachs read my post, "Goldman Rips Off Non-Profits, Endowments, Foundations, And Charities" about a conversation I had with a Goldman-Sachs trader where he boasted about ripping off charitable organizations with excessive fees, and they're hopping mad. Here is the lovenote sent by Melissa Daly, VP of Corporate Communications: More » -
september madness
March Madness-Style Bracket Makes Bank Mergers Fun
TechCrunch has posted this "March Madness" style bracket of the recent financial meltdown. It was reportedly created by a general partner at Sansome Partners named Mark Slavonia, says TC. More » -
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nonwealthy americans
Treasury Says It Will Agree To Cap Wall Street Executive Pay
One of the major sticking points of the inevitable Wall Street bailout was executive pay — but the New York Times says that Treasury Secretary and former CEO of Goldman Sachs, Henry M. Paulson Jr., has agreed to compensation caps for the executives of firms that benefit from the bailout. More » -
warren buffett
Warren Buffett Buys $5 Billion Worth Of Goldman
Warren Buffett buys $5 billion in Goldman Sachs stocks, causing a subdued "yay" to rise among investors. Is the contemporary equivalent to J.P. Morgan helping to calm the Panic of 1907 by walking onto New York Stock Exchange and buying bank stocks?
[NYT]
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mortgage meltdown
It's "The End Of Wall Street As We Have Known It"
Goldman Sachs and Morgan Stanley will no longer be investment banks, says the New York Times. Instead, they will "transform themselves into bank holding companies subject to far greater regulation." More » -
videos
Protesters Taunt Goldman Sachs Employees By Singing "Frosty The Goldman" Outside Company Christmas Party
Last week a clutch of protesters sang parodic carols outside the Goldman Sachs Christmas party at the hoity-toity BLVD club to protest the companies involvement with subprime mortgages. The activists and homeowners are mad at Goldman for betting that the subprime market would tank, while still urging their clients to invest heavily in it. However, someone might want to tell the carolers that Goldman doesn't issue residential mortgages. Oops. In any event, their song is pretty funny. Here are the lyrics to "Goldman, the Two-faced I-Bank" (sung to the tune of "Rudolph, the Red Nose Reindeer): More »
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