Goldman Sachs Links and News - April 20, 2010

 Matt Taibbi interview on Bloomberg

Suspecting politics in Goldman Sachs charges, Rep. Issa asks SEC for information
Washington Post
AIG Considering Potential Claims Against Goldman Sachs
Wall Street Journal
Bank Regulatory Reform: Democrats Seize on Goldman Sachs' Profits to Push for ...
ABC News
OpenSecrets | Scrutiny of Goldman Sachs Increases After Fraud ...
Goldman Sachs Says SEC Case Hinges on Actions of One Employee
BusinessWeek
AIG Said to Insure Goldman Sachs's Board Against Investor Suits
BusinessWeek
Goldman Sachs CDO Lawsuit Split SEC Commissioners in 3-2 Vote
BusinessWeek
Goldman case shows power of SEC's bully pulpit
The Associated Press
Goldman Sachs Says It Didn't | Top Industry News, Statistics ...
By BusinessWeek 
Goldman Sachs 'Buy' Ratings at Five-Year High Undaunted by SEC ...
Goldman Sachs' legal problems may slam oil prices
Christian Science Monitor
FCIC Member Doubts Goldman Sachs's Tourre Acted Alone
BusinessWeek
Blankfein Proving Inferior to Dimon in Swaps: Credit Markets
BusinessWeek
Wall Street reform and Goldman Sachs
Washington Post (blog)
F.S.A. Investigating Goldman Sachs - DealBook Blog - NYTimes.com
By By DEALBOOK 
Jerry, eMeg and the Goldman Sachs Connection « Calbuzz
By Roberts and Trounstine 
Inside Wall Street: Goldman Sachs, Fraud, Arrogance and Conflicts ...
By Gene Marcial
City Watchdog Launches Goldman 'Fraud' Probe
Sky News
'Adversarial Shot' at Goldman Sachs Raises Stakes for SEC Unit
BusinessWeek

When Wall Street Deals Resemble Casino Wagers
New York Times (blog)

SEC sued Goldman Sachs to break an impasse
Washington Post
White House Denies Meddling in Goldman Sachs
FOXNews
Goldman Sachs Said It Had 'Duty' to Keep Paulson's Bets Secret
BusinessWeek 
Will the Goldman Sachs board be forced to replace CEO Lloyd ...
By Jim Kim
Are You Surprised by the Goldman Sachs Fraud Suit?
By VicBils 

Best.Goldman.Commentary.Ever.

The Colbert Report	Mon - Thurs 11:30pm / 10:30c
Goldman Sachs Fraud Case - Andrew Ross Sorkin
www.colbertnation.com
Colbert Report Full Episodes Political Humor Fox News

Goldman Sachs owns Whitewashington

Janet hits another home run on Canadian TV.  Sorry, no embed....you'll have to follow this link.

Goldman Sachs: Married to the Mob

The Automatic Earth is one of my favorite sites and this post on Goldman is an example of why.

Ilargi: Haven’t read enough about Goldman Sachs lately?

Well yes, there’s a curious role of ACA Capital in the SEC-Goldman lawsuit, it had only a CCC rating, not AAA like Ambac or MBIA, but its CEO was married (partnered) to the Goldman general counsel (no, not trivial, a relationship like that has to be divulged to investors, but was not). Here’s thinking ACA might have been just a bit more pliable...

So where is Andrew Cuomo when you need him? Wait a minute, New York's Attorney General is running for governor, in daddy’s footsteps, isn't he? That probably answers my lingering question as to his silence so far in the SEC vs Goldman Sachs case. After all, it’s not like he needs more than the weekend to read up on it, the entire case as filed on Friday comprises a grand total of 22 pages. More on that last bit in .. a bit.

There's some curious things about that SEC case, like who’s actually charged with what. There's no Jonathan Egol, Fabrice Tourre’s partner at Goldman, no hedge funder John Paulson, no Goldman CEO Lloyd Blankfein. Instead, the only person the SEC names -far as I've seen- is Fabrice Tourre, who, at the time the Abacus deal involved played, was all of 28 years old.

That age thing keeps on itching me. It somehow points to the degree of involvement of the likes of Blankfein, Goldman president Gary Cohn and CFO David Viniar. These guys don’t let a mere kid play with billions of their capital without keeping a close watch. They were all down there on the trade floor for extended periods of time, figuring out what exactly transpired, as can be proven.

Moreover, the then (2006-7) 28-year old Tourre was claiming something that was the 180 degree opposite of what other traders at Goldman had a lot of the firms’ money invested in, namely the continued upward growth of the housing market. Tourre’s contrary claims were nothing short of revolutionary, certainly in the eyes of the older, and more bullish, traders. So it should not come as a surprise that the highest echelons of the firm spent a lot of time with Tourre and other traders. They would have been mad not to. That also means, however, that claiming they didn’t know what was going on is not believable. As Louise Story writes in the New York Times:

.....

Read the rest here

++++++++++++++++++++++++