Goldman Sachs News and Links - October 11 &12, 2009

The last two days had many interesting articles and posts.  There seems to be no shortage of information exposing the actions and activities of Goldman Sachs and many of the other participants who are busy enriching themselves at the expense of our entire nation.  

Goldman and the other major financial players seem to be flourishing when the rest of the nation is floundering.  Even John McCain said on CNN yesterday, that we (the government) has been bailing out those "too big to fail" companies while we (the government) have told the "too small to help" small business on Central Avenue that they did not warrant our (the government) help.

Wall Street vs. Main Street:  Small business is what built this nation and our economy.  In aggregage, small business accounts for the majority of jobs in the U.S., the majority of innovation and the majority of funds deposited into those "too big to fail" institutions.  Those are well known facts.  

Small business should get the help not "too big to fail" business.  Small business should be able to borrow money at the "prime" rate not the other way around.  How strong the influence of Goldman Sachs must be to seemingly control our economic policies.  If those at Goldman Sachs - including our past Treasury Secretary - were truly patriots then perhaps things would be different.  Unfortunately, Goldman, its past and current leadership are not.

That's my rant for today.  Enjoy the news below.

Warren Buffett's Goldman Sachs vote of confidence now worth $3.3 billion
GuruFocus.com
Warren Buffett's $5 billion capital injection into Goldman Sachs a little over a year ago had a "huge" and instantaneous impact on client and investor ...

Goldman's O'Neill Says Crisis Fiscal Costs Are Exaggerated
Bloomberg
By Svenja O'Donnell Oct. 12 (Bloomberg) -- The global cost to taxpayers from the financial crisis is often exaggerated, Goldman Sachs Group Inc. chief ...

Goldman Sachs looks to pay bonuses amid PR nightmare
BloggingStocks (blog)
CNBC's Charlie Gasparino reports that "Rival banks are eagerly awaiting this week's earnings announcement from Goldman Sachs (NYSE: GS) not only for the ...

Citigroup, JPMorgan Chase and Goldman Sachs Can Count on Geithner
AllGov
The treasury secretary also spent more time talking to Lloyd Blankfein, chairman and CEO of Goldman Sachs, than with Senator Christopher Dodd (D-CT), ...

Goldman Sachs (NYSE:GS) $22 Billion Payroll
24/7 Wall St. (blog)
Its fiscal year coming to an end, Goldman Sachs (NYSE:GS) is about to post record annual profits less than a year after the peak of the credit crisis. ...

Goldman's $22 Billion Bonus Bonanza | TheTradingReport
By Clusterstock.com
More than anyone else, Goldman Sachs (GS) is the one financial institutions for whom profits remain a big liability.

Your elitism is showing–! Here, let me tuck that back down into ...
By Lisa Kansas
The article's author needed to give up at this point, but for whatever reason couldn't bring himself to do it, and finished up the article chirping brightly about how being educated at Yale and working for Goldman Sachs is a really ...

desiderata-ylchong: Billionaire at 72, anywan?
By desiderata
Goldman Sachs (GS) has attracted a large share of hungry minds that went on to garner 10-figure fortunes. At least 11 current and recent billionaire financiers worked at Goldman or one of it subsidiaries early in their careers, ...

Goldman Increases Ten Year Deficit Estimate To $10.5 From $9 ...
By Vladimir
A comprehensive analysis by Goldman Sachs of the long-term US economic forecast discloses some rather unexpected pessimistic observations. Last week the US.

Will Goldman Sachs really double its bonuses this year?
eFinancialCareers UK
According to the Independent, Hecht is predicting that bonuses will account for $9bn (£5.7bn) of Goldman's $16.7bn expenditure on staff pay in the first ...

New Jersey Nasty
New York Magazine
The ex–Goldman Sachs head has plenty to throw back. By Gabriel Sherman Chris Christie, the Republican candidate for New Jersey governor, barrels into the ...

Goldman Sachs: Wall Street Undead [Political Cartoon ...
Goldman Sachs: Wall Street Undead [Political Cartoon]. via editorialcartoonists.com. Comments (0). Leave a comment... To leave a comment on this posterous, please login by clicking one of the following. Posterous-login Connect twitter ...

Gov. Jon Corzine's confidence fuels rise to top of Wall Street, NJ politics ...
The Star-Ledger - NJ.com
Even his banishment from Goldman Sachs — his colleagues ousted him as CEO in 1999, spawning his political career — only cemented Corzine's beliefs about ...

Diary shows Geithner-Darling contact during crisis
guardian.co.uk
But both were considerably less prominent in his contact book than Goldman Sachs's chief executive, Lloyd Blankfein, who enjoyed 22 chats. ...

RagingDebate.com » Politics » Goldman Sachs in Talks to Acquire ...
By slowsmile
Sister Entities to Share Employees, Money In what some on Wall Street are calling the biggest blockbuster deal in the history of the financial sector, Goldman Sachs confirmed today that it was in talks to acquire the US Department of ...

Derivatives Lobby Links With New Democrats to Blunt Obama Plan ...
By Signs of the Times
"We got into the weeds on the derivatives bill," said Connecticut Representative James Himes, a former investment banker at Goldman Sachs and a member of the New Democrats, who attended the meeting along with McMahon, Bean and chairman ...

Blankfein Interview: Goldman Sachs CEO Lloyd Blankfein Says Firm ...
By The Huffington Post News Editors
Sitting across from me now in his comfortable office on the 30th floor of company headquarters in lower Manhattan, Goldman's CEO Lloyd Blankfein professes to be more bemused than hurt by the slurs. I suppose his serenity may be helped ...

Howard Lindzon » Blog Archive » Deep Market Thoughts…Goldman Sachs ...
By Howard Lindzon
While the Goldman Sachs hate continues we should be ashamed of our leaders for not making the most basic of fixes to our financial system. Goldman and it's greedy, smart, connected leaders are not the problem. ...

Docudharma:: The most important bit of television I've seen since...
By TocqueDeville
His-- his-- predecessor, Mr. Paulson, came from Goldman Sachs, and he becomes Secretary of Treasury. You can go back decades, and you will see that there's this-- revolving door between Wall Street and Washington. ...

Goldman Sachs on Geithner's Speed Dial

WSJ on who shows up on Tim Geithner's speed dial:

The Wall Street name that pops up most frequently on Mr. Geithner's calendar is that of Goldman's Mr. Blankfein, whose bank repaid $10 billion in bailout funds this summer. (J.P. Morgan has also repaid its bailout funds.) Mr. Blankfein's name appears 22 times on the calendar, including two in-person meetings and, on May 1, three phone calls. That was around the time the government was preparing to announce results of its so-called stress tests of banks' financial strength. The two men know each other from Mr. Geithner's days as president of the Federal Reserve Bank of New York. A spokesman for Goldman Sachs didn't return a call for comment. A spokesman for J.P. Morgan declined to comment.

I have some of my own ideas to add to this.

Goldman Sachs News and Links - October 8, 2009

Wall Street on Geithner's Speed Dial
Wall Street Journal
The frequency of Mr. Geithner's Wall Street contact pales next to that of his predecessor, Henry Paulson, a former CEO of Goldman Sachs, according to Mr. ...

Crime & Federalism: Rep. Jerry Lewis Gives Goldman Sachs Gold ...
By Mike
Although we often point out that Goldman Sachs was Obama's number one Wall Street supporter, Goldman Sachs owns Republicans, too: A mining company owned by Goldman Sachs and two private equity funds is in line to get a $3 million ...

Goldman Sachs Wins Again [Wall Street] « New York City
By trakkrz-admin
Despite the drama of the past few months (and Matt Taibbi's best efforts), Goldman Sachs' reputation doesn't appear to have been damaged much—at least as far as job seekers are concerned. According to Vault.com—and for the ...

EconomicPolicyJournal.com: Goldman Sachs No Longer a Bank Holding ...
By Robert Wenzel
In a follow up to questions raised by Simon Johnson as to how Goldman Sachs, as a bank holding company, is able to conduct private equity transactions in non-financial industries, I have learned that Goldman is no longer a bank holding ...

US Recession May Erase Prior Expansion's Jobs, Goldman Says
Bloomberg
... may wipe out all the jobs created during the previous expansion, according to Ed McKelvey, a senior economist at Goldman Sachs Group Inc. in New York. ...

Goldman Sachs, Obama, Geithner, and 'special interests ...
The cynics, and the lobbyists, and the special interests who've turned our government into a game only they can afford to play. They write the checks and you get stuck with the bills, they get the access while you get to write a letter; ...

US Jobless Rate May Reach 10.5% by End of 2010, Goldman Says
Bloomberg
... by the end of 2010 as the world's largest economy struggles to recover from the worst recession in over six decades, Goldman Sachs Group Inc. said. ...

Goldman Does Gold

Goldman Sachs and JP Morgan are leaping head-first into gold futures, do you wonder why? It should be fairly clear. If you need an explanation, feel free to get in touch. I invite any of the Evil Twin rats to comment... anonymously, of course. Come on, we see what you're doing, why don't you chime in? I normally don't republish this much here on GS666 but this is extra important and you'd do well to pay attention. It's too obvious not to. - JDA

What Do You Mean "Gold Shortage?"

WC Varones teaches us a lesson in gold:

In related news, the U.S. Mint suspends production of proof and uncirculated gold and silver coins. They claim that they can't get the blanks fast enough to mint enough coins, which is complete bullscheisse. You may recall last year's shortage of physical gold. That would obviously have been a sign that the Mint needed to ramp up production. But no, a year later, they still can't meet demand, claiming that they can't get enough "blanks," the coin-shaped pieces of gold on which the Mint impresses the images and writing.

Let me let you in on a little secret. If the government wanted you to have gold, it would not be a problem to find a company that was able to form gold into little blank coin-shaped pieces. A hobbyist machinist could set up a pretty good operation in his garage to do this.

JDA hereby tips her hat just for use of bullscheisse alone. Oh, and he's right. I'd tell you to hit the bunker but chances are if you aren't hunkered down by now, it's too late to start your disaster planning. Sorry about that.

JDA also recommends Antal Fekete's Gold is pale because so many thieves plot against it (via GATA):

Let me spell out for my readers what the vanishing of the gold basis means from the point of view of the puppet-masters of the gold futures markets.

It means that they are fighting a losing battle. They are desperately trying to coax gold out of hiding by offering ever higher bribes -- not in terms of the price but in terms of the basis. A low basis means that they offer to take your cash gold and let you have gold futures in exchange at a discount price. (The discount is contango minus the basis, so that the two are inversely related: As the basis falls, the discount increases.) This will allow you to invest an amount equal to the price of gold (less 5 percent, the margin on the gold future) in any way you want and, having paid the reduced contango, you can keep the profits. The point is that you will still benefit from any advance in the gold price, just as you would if you owned cash gold. You can have your cake and eat it too.

read the rest via Jr Deputy Accountant here [JDA hereby disclaims she's no gold bug but come on, you can't help but connect these f&^*ing dots]

Like WC Varones declared... "so how about that gold?"

Goldman Sachs gets gift from government

From Business Insider:

Goldman Sachs Congressional Earmark: Bank Subsidiary Gets $3 Million

With all the company's riches, why is a Goldman Sachs (GS) subsidiary getting a $3 million earmark from Washington?

Politico: A mining company owned by Goldman Sachs and two private equity funds is in line to get a $3 million earmark for work at a rare earth elements mine in Mountain Pass, Calif. — raising questions as to why Congress would take on some of the risk for a bailed-out investment giant that’s already making a profit.

Gee, you don't think it was another kickback do you? Hahahaha, criminals are soooooo funny. That's just a tip on the 24 trillion dollar bar tab.

Read the rest here

Let's Not Forget about the NY Fed Connection and Goldman Sachs

Editors note: TheCenterLane often covers Wall Street Mafia issues and was also kind enough to do a guest post for me - coincidentally on the NY Fed - so I could run off to Washington to flip off the Treasury. Though this post is months old, it's worth reminding GS666 readers here that this issue is still painfully relevant. - JDA


Somebody really loves Goldman Sachs:

The recent article about Treasury Secretary "Turbo" Tim Geithner by Jo Becker and Gretchen Morgenson, appearing in the April 26 edition of The New York Times, seems to have helped fan the flames of the current outrage concerning the Federal Reserve Bank of New York. Turbo Tim was president of the New York Fed during the five years prior to his appointment as Treasury Secretary. Becker and Morgenson pointed out many of the ways in which "conflict of interest" seems to be one of the cornerstones of that institution:

The New York Fed is, by custom and design, clubby and opaque. It is charged with curbing banks' risky impulses, yet its president is selected by and reports to a board dominated by the chief executives of some of those same banks. Traditionally, the New York Fed president's intelligence-gathering role has involved routine consultation with financiers, though Mr. Geithner's recent predecessors generally did not meet with them unless senior aides were also present, according to the bank's former general counsel.

By those standards, Mr. Geithner's reliance on bankers, hedge fund managers and others to assess the market's health -- and provide guidance once it faltered -- stood out.

The New York Fed is probably the most important of the nation's twelve Federal Reserve Banks, since its jurisdiction includes the heart of America's financial industry. As the Times piece pointed out, this resulted in the same type of "revolving door" opportunities as those enjoyed by members of Congress who became lobbyists and vice versa:

A revolving door has long connected Wall Street and the New York Fed. Mr. Geithner's predecessors, E. Gerald Corrigan and William J. McDonough, wound up as investment-bank executives. The current president, William C. Dudley, came from Goldman Sachs.

[Who among you would listen to Dudley knowing where he comes from? Interest rates must stay low and small business is the problem? That seems odd, don't you think beasts like Goldman Sachs are the problem, Bill?]


Calculated Risk:

Atlanta Fed research economist Melinda Pitts writes at Macroblog: Prospects for a small business-fueled employment recovery

In a speech yesterday, William Dudley, the president of the Federal Reserve Bank of New York, identified financial constraints for small businesses as a restraint on the pace of economic recovery.

Awww, it feels like just yesterday I started off here on GS666 with dumbass Stephen Friedman. Blatant, kids, it's blatant and you're taking it. Sad. Just remember who we are dealing with and eventually it will make sense to you.

Goldman Sachs News and Links - October 6, 2009

Goldman Sachs earmark denounced
United Press International
The mine is owned by Goldman Sachs and two private equity firms, Pegasus Partners and Resource Capital Funds, Politico reported Tuesday. ...

Goldman Sachs: The “Smart” Money?! | The Big Picture
By Michael Panzner
US stocks rebounded today, aided by a rally in financials. Why was the group strong? Because a team of analysts at a well-known Wall Street firm upgraded the.

Goldman Sachs: For Once, Behind the Curve | Economic Scene
By Clay Risen
Felix Salmon has a good post chewing over the latest piece of good/bad news for Goldman Sachs--good news in that it stands to gain $1 billion from a bankruptcy.
Economic Scene - http://thefastertimes.com/economicscene/

Why Is Goldman a Bank Holding Company?
Seeking Alpha (blog)
Marshall Auerback sent me a link to a recent Simon Johnson missive about Goldman Sachs (GS). I had already seen and liked this article, but his e-mail ...

one small voice: Jon Corzine :the Goldman Sachs Years
By pjblogger62
In 1975, Jon Corzine moved to New Jersey, having taken a job as a securities trader at Goldman Sachs in New York. By 1980 he became a partner at Goldman. Jon Corzine rose rapidly through the ranks, to become chairman and CEO in 1994. ...
one small voice - http://onesmallvoice.blogspot.com/

Panzner on Goldman Sachs' "Smart" Money

Editors note: Jr Deputy Accountant recently interviewed Financial Armageddon's Michael Panzner for accounting tabloid Going Concern and the 2 part piece may be found here and here. If you are familiar with his work, you already know that Panzner understands all too well what got us into this mess and in a recent post on Financial Armageddon, he goes after the Goldman rats ("crackerjack Goldman analysts" isn't exactly flattering after all). The markets continue to follow the rats - so what happens when they lead investors right off the cliff?

Goldman Sachs: The "Smart" Money?!

U.S. stocks rebounded today, aided by a rally in financials. Why was the group strong? Because a team of analysts at a well-known Wall Street firm upgraded the large banks sector. And why did they do that? Bloomberg gives us the lowdown in "Wells Fargo, Biggest U.S. Banks Raised by Goldman":

Wells Fargo & Co., JPMorgan Chase & Co. and the biggest U.S. banks were raised to “attractive” from “neutral” by Goldman Sachs Group Inc., which said share prices don’t reflect prospects for earnings growth.

“We believe this difference in earnings power hasn’t been fully reflected in share prices,” New York-based analysts led by Richard Ramsden wrote in a note to clients today. “We estimate that normalized earnings for large banks are 39 percent higher than in 2007 despite the 36 percent decline in share prices.”

Wow, pretty powerful stuff, eh? Then again, maybe not. You see, if you go back and look at what Goldman said in late-January, when most bank stocks were trading at far lower levels than they are now, the firm wasn't exactly upbeat on the group.

Read the full article - click here [recommended reading, JDA]

Goldman Sachs Info and News Links - Oct. 5, 2009

Having bought the government, Goldman Sachs shuts down its ...
By lambert
Goldman Sachs Group Inc (GS.N), legendary for its clout in Washington, has inexplicably halted its political fund-raising machine. The strange twist comes at a time when Wall Street's biggest and most powerful investment bank, ...
Corrente blogs - http://www.correntewire.com/blog

Dollar Falls as Stocks Gain on US Banks, Spurring Risk Demand
Bloomberg
By Ye Xie and Oliver Biggadike Oct. 5 (Bloomberg) -- The dollar declined against the euro as stocks rose after Goldman Sachs Group Inc. recommended large ...
See all stories on this topic

US Stocks Rise on Goldman Bank Upgrade, ISM; Dollar Weakens
Bloomberg
Wells Fargo & Co. rallied 7.2 percent and JPMorgan Chase & Co. added 4.7 percent as Goldman Sachs said big banks will outperform regional lenders. ...
See all stories on this topic

Make do and Mend with Miss Marketcrash: CIT and Goldman Sachs
By missmarketcrash
The FT is also obsessing over the CIT thing and two articles appeared over the weekend which discuss the relationship Goldman Sachs has with all this. No doubt, the Goldman conspiracy theorists are chattering again. The FT held back, ...
Make do and Mend with Miss Marketcrash - http://missmarketcrash.blogspot.com/

Howard Lindzon » Blog Archive » Goldman Sachs Investing In Stocktwits…
By Howard Lindzon
Goldman Sachs Investing In Stocktwits… Not really, but this is an open invitation to them. As they say…don't hate the 'playa'…or something like that. It would be fun if I had Henry Paulson on the Stocktwits board or Goldman Sachs as an ...
Howard Lindzon - http://howardlindzon.com/

Simon Johson: Should Goldman Sachs be Broken Up as a "Too Big To ...
By George Washington
Simon Johson: Should Goldman Sachs be Broken Up as a "Too Big To Regulate" Monopoly? Simon Johnson writes: Increasingly, the issue of “too big to regulate” in the public interest is being brought up – an issue that has historically ...
Washington's Blog - http://georgewashington2.blogspot.com/

Overview Of Goldman Sachs Electronic Trading: Part 1 | Froogalizer.com
By Vladimir
Zero Hedge is starting a multi-part overview of Goldman Sachs' Electronic Trading client-focused product suite, to demonstrate just how extensively embedded in.
Froogalizer.com - http://www.froogalizer.com/

RagingDebate.com » Economy » Goldman Sachs Internal Memo
By slowsmile
Here is an internal memo from the CEO of Goldman to all employees. It may be perceived as a memo of thanks for all their hard work during the tough stretches of the recession. The memo is touching in firm loyalty, surely a tribute to ...
RagingDebate.com / Discussions - http://ragingdebate.com/

Docudharma:: Goodfellas
By TocqueDeville
You will be in the company of people like you: people with intellect, talent, entrepreneurial spirit, drive and vision. Even those who choose to move on from Goldman Sachs stay connected to their Goldman Sachs colleagues through our ...
Docudharma - Recommended Diaries - http://www.docudharma.com/

Jesse's Café Américain: The Fed's Failure as Regulator
By Jesse
This latest incident with Goldman Sachs merely serves to illustrate the too often unilateral decision-making by the Fed in an ad hoc manner, without sufficient explanation. It was the appointment of Larry Summers that first put us off ...
Jesse's Café Américain - http://jessescrossroadscafe.blogspot.com/

Goldman Sachs & J.P. Morgan Quietly Buying Up the Media : Truth is ...
By Truth is Contagious
Goldman Sachs & J.P. Morgan Quietly Buying Up the Media. Reposted from: http://www.opednews.com/populum/linkframe.php?linkid=98204. October 4, 2009 @ 9:52 am. The 'propaganda' corporate machine that rules the airwaves now, ...
Truth is Contagious - http://truthiscontagious.com/

Message From Michael Moore to America Re 'Capitalism' Oct 2 - Loan ...
By Irish Gal
The silly Goldman Sachs scene to dump $10 billion in a white bag - The facts are 3 months after that scene was shot Goldman paid back with a huge profit to the government $68 billion. Moore highlights insurance policies where benefits ...
Loan Modification Forum - LoanSafe.org - http://www.loansafe.org/forum/

If Liz were Queen | GOLDMAN SACHS may be rolling in the dough ...
By admin
In July of this year Bloomberg reported that Goldman Sachs posted record earnings as revenue from trading and stock underwriting reached all-time highs less than a year after the firm took $10 billion in U.S. rescue funds. ...
If Liz were Queen - http://iflizwerequeen.com/

How Goldman Sachs Lobbies the Senate | Froogalizer.com
By Vladimir
The SEC is holding a public round table Tuesday to explore several issues around securities lending, which has expanded into a big moneymaker for Wall.
Froogalizer.com - http://www.froogalizer.com/

Warner gives warning to Wall Street on pay | Washington Examiner
Goldman Sachs Group Inc. must be cautious about handing out record bonuses while the banking industry is still under distress or risk spurring an outcry from Congress, Sen. Mark Warner said.
Politics - http://www.washingtonexaminer.com/politics/

David Paul: Regulating Systemic Risk and Banker Compensation Will ...
The credit default swap contracts that AIGFP was providing to financial giants such as Goldman Sachs had no risk to AIGFP, argued Cassano, and therefore all of the annual receipts paid to AIGFP under those credit default swap contracts ...
Industry News - http://industry-news.org/

Goldman Sachs Wants Its Cash, CIT

Somehow I get a feeling that what Lord Blankfein wants, Lord Blankfein gets.

Reuters:

Goldman Sachs Group Inc (GS) would be due a $1 billion payment if troubled commercial lender CIT Group (CIT) were to file for Chapter 11 bankruptcy, the Financial Times reported on Sunday, citing people familiar with the matter.

The report said Goldman would be owed the payment under a $3 billion rescue finance package it gave to CIT in June 2008, before the U.S. government bought $2.33 billion of CIT preferred shares in December.

Read the rest - click here

Goldman Sachs Info and News Links - Oct. 3, 2009

Stocks & Politics: GOLDMAN SACHS FLOATERS By TENNINDEPENDENT For purposes of illustration only, I want to assume that an investor wants to buy one security on Monday morning, spend exactly $5000, and wants to buy a floating rate security issued by Goldman Sachs. I will assume that the purchase ... Stocks & Politics - http://tennesseeindependent.blogspot.com/

David Paul: Regulating Systemic Risk and Banker Compensation Will ... By David Paul Goldman Sachs is paying us tens of millions of dollars a year, but you are telling us there is zero risk. One of us is wrong. This is a game of poker, and there is an idiot at the table. And you are telling me that Goldman Sachs is the ... The Full Feed from HuffingtonPost.com - http://www.huffingtonpost.com/raw_feed_index.rdf

OUR VIEW: 'Wal-Mart nation' | StandardNET – Ogden, Layton, Brigham ... By tbright Goldman Sachs? We guess there are people out there who identify with Goldman Sachs more than the NFL, but we just haven't met them yet. If you look at the other poll results, it's not surprising we're a "Wal-Mart nation" right now, ... Opinion - http://www.standard.net/topics/opinion

Michael Moore sets out to create a revolution - The Wealthy Boomer By Jonathan_Chevreau The stock market crash of a year ago is replayed in news footage and the machinations of the Goldman Sachs executive infiltration of the U.S. Treasury department is made clear in a way the general public may not before have properly ... The Wealthy Boomer - http://network.nationalpost.com/np/blogs/wealthyboomer/default.aspx

Concord Monitor - Rethinking capitalism: how very enterprising! ... such as Moore wrapping a crime-scene tape around the New York Stock Exchange or backing up an armored car to the front door of Goldman Sachs with the intention of retrieving the bailout money it got from the government. ... Concord Monitor Online | business - http://www.concordmonitor.com/apps/pbcs.dll/article?AID=/20090809/BUSINESS/908090338/1003

Option Trading Idea: Goldman Sachs (GS) Bear Call Spread | ONN.tv Serving a rapidly growing segment of the investment community, the Options News Network provides daily options news and entertainment, options education, options trading ideas, and EXPERT commentary ON the options market, ... ONN.tv Options News Network - http://www.onn.tv/

Meanwhile, Back At The Economy: Unemployment Hits 9.8% - TalkLeft ... By Big Tent Democrat But, all is not lost; apparently a tiny "green shoot" of guilt began bothering Goldman Sachs CEO Lloyd Blankfein. Realizing the mind-boggling unfairness of using taxpayer money to save his company, and himself, from extinction, ... TalkLeft - http://www.talkleft.com/ Running 'Cause I Can't Fly: The Economy: "Systemic Failure Approaches" By CoyotePrime@gmail.com (CoyotePrime) Nobody seeks to remove Goldman Sachs and JPMorgan from control posts at the USDept Treasury and USFed respectively. Nobody seeks even to locate the missing $50 billion from the Iraq Reconstruction Fund, or to announce the known location ... Running 'Cause I Can't Fly - http://coyoteprime-runningcauseicantfly.blogspot.com/

Could Goldman Sachs Share GM's Bankruptcy Fate? :: The Market ... Could Goldman Sachs Share GM's Bankruptcy Fate? :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website. The Market Oracle - http://www.marketoracle.co.uk/

Goldman Sachs Should Have More Sensitivity About Bonus Impact ... By Alison Vekshin Oct. 2 (Bloomberg) -- Goldman Sachs Group Inc. must be cautious about handing out record bonuses while the banking industry is still under distress or risk spurring an outcry from Congress, US Senator Mark Warner said. Industry News - http://industry-news.org/ Washington And Wall Street Are Destroying The Republic | Daily Markets By Justice Litle Goldman has well and truly earned the “Government Sachs” nickname. Now we find out that, not only does Goldman benefit from extensive “soft” influence by way of having staff interspersed up and down the Washington food chain… it also ... Daily Markets - http://www.dailymarkets.com/ The Fed Fighter: DealBook's Ron Paul Interview - DealBook Blog ... By By DealBook We know that Lehman Brothers was allowed to go bankrupt, but Goldman Sachs came out very well outside of this mess. We want to know why this happened, what they did, who got these loans and why. Someone has always been in our Treasury ... DealBook - http://dealbook.blogs.nytimes.com/ Senate's Warner Urges Goldman Sachs to Watch 'Optics' on Pay Bloomberg By Alison Vekshin Oct. 2 (Bloomberg) -- Goldman Sachs Group Inc. must be cautious about handing out record bonuses while the banking industry is still under ... See all stories on this topic

GoldmanSachs Info and News Links - Oct. 1, 2009

Goldman Sachs Chief Talks Tough on Executive Bonuses
Looming over any discussion of tighter rules for the financial services industry is the question of what and how much banks should pay their top executives.
Zawya.com - Financial Services News - http://www.zawya.com/financial_services/

Could Goldman Sachs Share GM's Fate? | Daily Markets By Martin Hutchinson Investment banks have gotten fat off the land since 1982, when the great US bull market got its start. Their business has multiplied many-fold, and their. Daily Markets - http://www.dailymarkets.com/

PolitiFact Truth-O-Meter: Goldman Sachs contributions to Obama ... "I point out in the film that Goldman Sachs is his No. 1 private contributor," Moore answered. "But I voted for the guy. I'm still hopeful that he's going to do the right thing and side with us, and not Wall Street. ... Michael Moore - Mike in the News - http://www.michaelmoore.com/words/mikeinthenews/

Madoff Investor Chais Seeks Access to Goldman Sachs Account
Bloomberg
... funds in a Goldman Sachs Group Inc. account are part of the Madoff estate that should be returned to investors, according to a court filing yesterday. ...

Stay away from banks bearing commercial property-Goldman
Reuters
NEW YORK, Sept 30 (Reuters) - Goldman Sachs on Tuesday advised investors to shy away from banks and insurance companies that are heavily focused on ...

News in Film (blog)

Goldman Sachs Helped Moore's Capitalism Rant
News in Film (blog)
In between slices of smug voice over, Moore takes more than a few shots at the bank holding organization Goldman Sachs. He shows a rhetorical question by ...

GoldmanSachs Info and News Links - Sept. 30, 2009

Ex-VP trader sues Goldman for disability dismissal
Reuters
NEW YORK, Sept 30 (Reuters) - A former Goldman Sachs Group Inc (GS.N) vice president and trader accused the firm of dismissing her last year because of a ...

The secret to Goldman Sachs' good fortune
Goldman Sachs knows lots of important people. That fact is indisputable, mainly because former Goldman employees are scattered ...

US secretly tried to make deal with Goldman Sachs in wake of ...
By Raw Story
BREAKING 10:08 AM ET:Vanity Fair will report in the next issue of the magazine that US Treasury Secretary Henry Paulson — a former head of the investment bank Goldman Sachs — tried to orchestrate secretive deals in the midst of the ...
Raw Story - http://rawstory.com/2009/

RGE - An Inside Look at How Goldman Sachs Lobbies the Senate
By Mark Thoma
An Inside Look at How Goldman Sachs Lobbies the Senate, by Matt Taibbi: ...Later on this week I have a story coming out in Rolling Stone that looks at the history of the Bear Stearns and Lehman Brothers collapses.
...
Rolling Stone's Matt Taibbi: Goldman Sachs Continues Misleading ...
Huffington Post (blog)
According to Rolling Stone political reporter Matt Taibbi, financial firm Goldman Sachs is intentionally spreading misinformation through its lobbying ...

Hank Paulson's Speed Dial #1: Goldman Sachs | Froogalizer.com
By Vladimir
It would appear that employees of the NY Post can do more than merely plant stories and spread unfounded rumors. Some of them actually do investigative work.

Stella D'Oro workers fight both Goldman Sachs and City Hall in ...
New York Daily News
BY Mike Jaccarino Stella D'oro workers gathered outside of Goldman Sachs headquarters to protest the closing of their plant. Workers at the Stella D'Oro ...
See all stories on this topic

Geely denies Goldman Sachs' investment in Volvo
Zikkir World (blog)
... will issue HK$2.586 billion ($334 million) in convertible bonds and warrants to a private equity under Goldman Sachs through directional introduction

GoldmanSachs Info and News Links - Sept. 29, 2009

The Great Goldman Sachs Senate-Lobbying Fail | The Awl
By Choire
Adorable! Goldman Sachs is, as always, down in DC, lobbying Congress. Except now, unlike the quiet, dignified reception to which the GS folks are accustomed,

One of those seemingly-plausible analyses that could just as ...
By Andrew Gelman
Then he drew up a simple list, ranking the institutions from most to least Republican: Bear Stearns, Lehman Brothers, Merrill Lynch, Morgan Stanley and Goldman Sachs. (Yes, Republican Hank Paulson is an alumnus of Goldman Sachs. ...

Economist's View: "An Inside Look at How Goldman Sachs Lobbies the ...
By Mark Thoma
I am not as negative toward naked short-selling as Matt Taibbi (feel free to convince me I'm wrong), but his insights into the lobbying effort against financial reform are useful, and I share his concerns about the distortions (eg ...

Goldman's Bane Assails Firm on Lobbying Effort
New York Times
It is no surprise that Goldman Sachs has been lobbying Congress hard over the past few months as Washington debates new rules to curb financial speculation. ...

An Inside Look at How Goldman Sachs Lobbies the Senate
True/Slant
Two guys from Goldman Sachs, plus reps from Citigroup, Citadel (a hedge fund that has done the occasional short sale, to put it gently), Credit Suisse, ...

Goldman Sachs, and a History of Financial Crisis | CrossLeft
I thought of Groucho's quote when I read Matt Taibbi's article for the July 13, 2009 edition of Rolling Stone magazine on the role that Goldman Sachs has played in contributing to the tech bubble of the 1990s and the housing bubble of ...

Bailed-out Goldman Sachs, CEO land top honors
Boston Herald
By Jay Fitzgerald A Boston-based magazine

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