Goldman Sachs Insider Trading

Goldman Insiders Sold Shares As SEC Probed Firm
by Randall Smith

Five senior executives of Goldman Sachs Group Inc., including the firm's co-general counsel, sold $65.4 million worth of stock after the firm received notice of possible fraud charges, which later drove its stock down 13%. Sales by three of the five Goldman insiders occurred at prices higher than the stock's current level. The stock sales by co-general counsel Esta Stecher, vice chairmen Michael Evans and Michael Sherwood, principal accounting officer Sarah Smith and board member John Bryan occurred between October 2009 and February 2010. It was the most active spate of insider selling in three years, according to InsiderScore.com in Princeton, N.J., which tracks and analyzes purchases and sales of stocks by top executives and directors.

....

Read the rest here

Goldman Sachs' World of Greed

Matt Taibbi:

So Goldman Sachs, the world's greatest and smuggest investment bank, has been sued for fraud by the American Securities and Exchange Commission. Legally, the case hangs on a technicality.
Morally, however, the Goldman Sachs case may turn into a final referendum on the greed-is-good ethos that conquered America sometime in the 80s – and in the years since has aped other horrifying American trends such as boybands and reality shows in spreading across the western world like a venereal disease.

.....

Both the Paulson deal and the Greece deal were examples of Goldman making millions by bending over their own business partners. In the Paulson deal the suckers were European banks such as ABN-Amro and IKB, which were never told that the stuff Goldman was cheerfully selling to them was, in effect, designed to implode; in the Greece deal, Goldman hilariously used exotic swaps to help the country mask its financial problems, then turned right around and bet against the country by shorting Greece's debt.

Now here's the really weird thing. Confronted with the evidence of public outrage over these deals, the leaders of Goldman will often appear to be genuinely confused, scratching their heads and staring quizzically into the camera like they don't know what you're upset about. It's not an act. There have been a lot of greedy financiers and banks in history, but what makes Goldman stand out is its truly bizarre cultist/religious belief in the rightness of what it does.

.....

Read the whole story here:

Goldman: The Kama Sutra of Fraud

Part 3:


Part 1 here

Part 2 here

Goldman Sachs Links and News - April 26 , 2010

Editor's Note:  The ABC News interview embeded below is worth watching.  Highlighted links are suggested reading as well.

The Goldman Sachs Fraud Explained
San Francisco Chronicle
Goldman Sachs Investors Sue Over Abacus Disclosures (Update1)
San Francisco Chronicle
Business Events Scheduled for Tuesday
ABC News Among the expected witnesses
RealClearPolitics - Goldman Money for Obama Wins at Monopoly
By Kevin Hassett, Bloomberg 
Rich: Fight On, Goldman Sachs! - DealBook Blog - NYTimes.com
By By DEALBOOK 
Ready to Rumble - The Goldman Sachs Congressional Hearing Preview ...
By Robert Oak 
S.Africa's ex-cbank head Mboweni joins Goldman Sachs
Reuters India
SEC Inspector General to Investigate Timing of Goldman Sachs (NYSE: GS) Fraud ...
American Banking News
Goldman Sachs E-mails Spur Democrats to Push Wall Street Rules
April 26 (Bloomberg)
Frenkel Says SEC Case Against Goldman `Very Defensible': Video ...
By marketmaker 
SEC gathered range of experts for Goldman case
Washington Post
Decision near for financial reform in US Senate
Reuters
Financial Overhaul Bill Faces Showdown in Senate Vote Today
BusinessWeek 
Goldman shock is good news to post-Lehman tigers
TODAYonline

WEEKEND NEWS:

Goldman Sachs E-mails Show Need for Volcker Rule, Brown Says
BusinessWeek
SEC Fraud Suit Against Goldman Is a 'Buy' Sign: John Dorfman
BusinessWeek
Alexis Glick on AC360 Talking Goldman Sachs, financial services ...
By uspost 
Goldman's "Fabulous" Fab's conflicted love letters
Reuters
The Goldman Sachs case isn't all it seems
The Economic Voice
Goldman Sachs e-mails suggest firm profited from mortgage mess, Senate panel says
Los Angeles Times
Former Goldman Sachs CEO Advocates Financial Reform
ABC News
 
Goldman Sachs vulnerable? Don't ask plaintiff lawyers
KEPR 19
Scarlet Letter for the Greed Generation
New York Times
Goolsbee: Goldman Sachs CEO "not going to win any popularity contests"
ABC News (blog)
Summers: Goldman emails show need for transparency
Reuters
Goldman Sachs + Greed = Disaster
FOXNews
Goldman Sachs fraud accusations jolt California political races
Los Angeles Times
Goldman Insiders Sold Shares as SEC Probed Firm
Wall Street Journal 
Disgruntled bondholders round on Goldman
Financial Times 
Ugly rumors surround Goldman Sachs investigation
Examiner.com 
Will Goldman Sachs Prove Greed is God? - Matt Taibbi - Taibblog ...
By Matt Taibbi  
 Fight On, Goldman Sachs!
New York Times
Goldman Sachs reportedly preps detailed defense
Somali Pirates Say They Are Subsidiary of Goldman Sachs
Huffington Post (blog)
Chuck Schumer fund-raiser John Paulson is key figure in Goldman Sachs fraud ...
New York Daily News 

Related articles by Zemanta

• Goldman Sachs Money for Obama Wins at Monopoly: Kevin Hassett (businessweek.com)
• The Senate throws the wrong book at Goldman (blogs.ft.com)
• Goldman, CEO hit with investor lawsuit (financialpost.com)
• Goldman Hid Information: Former Moody Executive (GS) (benzinga.com)
• Goldman Sachs Should Be Shut Down Forever (iflizwerequeen.com)
• Eliot Spitzer: Questions From the Goldman Scandal (huffingtonpost.com)
• Bob Franken: Finance Reform: Politics' Dirty Picture (huffingtonpost.com)
• Larry Gellman: Et Tu Frank Rich? Goldman Sachs and the Death of Journalism (huffingtonpost.com)

Goldman Sachs: A Fraud Factory

What do YOU call it when everyone involved with Wall Street and Washington is engaged in fraud?
Bill Black lays it out: Regulators- fraud. Obama- fraud. Bush and buddies- fraud. Congress- fraud. Wall Street- fraud. Goldman Sachs- fraud. Lobbyists- fraud. Pentagon- fraud. War contractors- fraud. CFTC- fraud. Etcetera ad infinitum.

From Bill Moyers Journal William K. Black on Fraud:

On Thursday, April 22, President Barack Obama made the case for increased regulation of the financial industry in a televised speech at Cooper Union in New York City. It was widely billed as President Obama's chance to harness the momentum behind reforming Wall Street and move forward the bills being considered in the House and Senate. Those measures face stiff opposition from most of the Republican Party and an army of lobbyists from Wall Street who have the ear of members of Congress on both sides of the aisle.
William K. Black thinks President Obama didn't acknowledge a key component in the financial crisis that the bills before Congress won't address — fraud. A former regulator who helped crack down on massive fraud during the savings and loan crisis in the 1980s, Black tells Bill Moyers on THE JOURNAL that, despite evidence of fraud at the top banks, prosecutions seem far away. "If you go back to the savings and loan debacle, we got more than a thousand felony convictions of the elite. These are not, you know, tellers or something. We today have zero convictions, zero indictments, zero arrests of any of the elite, non-prime lenders that, through their fraud, drove this crisis."

Bill Moyers last broadcast is going to be next week. You'll be sorely missed Bill. Transcript of the clip below and you can watch the entire interview here.

......

Read the whole thing here at CrooksAndLiars. (Link to the whole episode there as well as the above link. This is a must see interview.)

Goldman execs brag about crash

From Raw Story:

In revealed e-mails, Goldman chief says we ‘made more than we lost’ by betting against market

Goldman Sachs' top executives were aware that the company made money by playing against the US housing market, according to internal e-mails released Saturday.
The bank's chief executive Lloyd Blankfein wrote in November 2007 that the firm "didn't dodge the mortgage mess," but "made more than we lost" by betting against the housing market, the Associated Press reported.
The e-mail was one of several company documents subpoenaed by a Senate investigations panel. In many of the e-mails, Goldman executives brag about money they were making as the market crashed around them.

......

Read the rest here

Goldman Sachs Profits Through Destruction

This is a good piece written by Thom Simmons, an economist from New Hampshire.  I came across it in in my daily email from  Gold Anti-Trust Action Committee - GATA - and would not have found it otherwise.  Here is GATA's introduction to the well written article exposing Goldman Sachs and their destructive business model. 

Thom Simmons wrote commentary on Goldman's rape of Ashanti

Submitted by cpowell on Sat, 2010-04-24 01:33. Section: Daily Dispatches9:29p ET Friday, April 23, 2010
Dear Friend of GATA and Gold:
The essay posted this week at GhanaWeb and called to your attention (along with its incomplete attribution) on Wednesday under the headline "How Goldman Sachs Screwed Ghana by Bankrupting Ashanti" (http://www.gata.org/node/8565) was written by Thom Simmons, an economist and entrepreneur from Winchester, New Hampshire, and first posted at his blog site, Tully's Page, here:
http://tullyspage.blogspot.com/2010/04/goldman-sachs-fraudulent-history....
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Here is the article in full from Thom Simmons:

Monday, April 19, 2010

Goldman Sachs: A Fraudulent history repeats itself - The Legacy of Ashanti Gold 

The only ones who should be surprised by Fraud allegations levied against Goldman Sachs are insiders who have become so arrogant as to think that they were somehow untouchable. Personally, I am wondering why it has taken so long.

Together, much of the Wall Street Bailout process was designed by Treasury Secretary Timothy Geithner, Past President of the NY Federal Reserve Bank; Stephen Friedman, an ex-Goldman Sachs officer who still serves on the Board of the NY Fed; Hank Paulson, an ex-Goldman Sachs operative who designed the hedge funds that plunged the financial markets into turmoil in the first place; and Goldman Sachs financier Robert Rubin. As the crisis unfolded, Goldman Sachs continued to market these Hedge Funds to uninformed clients, even after becoming aware that mortgage-backed securities were crumbling. And when When AIG was bailed out...the primary beneficiary was Goldman Sachs.

And I have to ask: does this surprise anyone? This is a world-wide pattern that Goldman Sachs has utilized to enrich itself at the expense of everyone else for years. And perhaps there is no better example of this than the destruction of Ghana's largest company a decade ago: Ashanti Gold.

In 1998, Ashanti Gold was the 3rd largest Gold Mining company in the world. The first "black" company on the London Stock Exchange, Ashanti had just purchased the Geita mine in Tanzania, positioning Ashanti to become even larger. But in May 1999, the Treasury of the United Kingdom decided to sell off 415 tons of its gold reserves. With all that gold flooding the world market, the price of gold began to decline. By August 1999, the price of gold had fallen to $252/ounce, the lowest it had been in 20 years.

Ashanti turned to its Financial Advisors - Goldman Sachs - for advice. Goldman Sachs recommeded that Ashanti purchase enormous hedge contracts - "bets" on the price of gold. Simplifying this somewhat, it was similar to when a homeowner 'locks in' a price for heating oil months in advance. Goldman recommeded that Ashanti enter agreements to sell gold at a 'locked-in' price, and suggested that the price of gold would continue to fall.

But Goldman was more than just Ashanti's advisors. They were also sellers of these Hedge contracts, and stood to make money simply by selling them. And they were also world-wide sellers of Gold itself.

In September 1999 (one month later), 15 European Banks with whom Goldman had professional relationships made a unanimous surprise announcement that all 15 would stop selling gold on world markets for 5 years. The announcement immediately drove up gold prices to $307/ounce, and by Octoer 6, it had risen to $362/ounce.

Ashanti was in trouble. At Goldman's advice, they had bet that gold prices would continue to drop, and had entered into contracts to sell gold at lower prices. These contracts were held by a group of 17 other world banks. Ashanti found themselves being forced to buy gold at high world prices and sell it at the low contract prices to make good on the contracts. The result? In a few weeks time, Ashanti found itself with 570 million dollars worth of losses. It had to beg the 17 banks not to force the execution of the contracts.

Who served as the negotiator for the 17 banks and Ashanti? Goldman Sachs. The same company that designed the contracts for Ashanti(making a profit in their sale.

The basic bankruptcy of Ashanti drove its stock price from an all time high of $25 per share to a paltry $4.62 per share. Thousands of investors - your blogger among them - lost their investments almost overnight as Ashanti was declared insolvent.

In the end, Ashanti was purchased by their largest African competitor, AngloGold, a British company headquartered in South Africa, who bought them for a song. The Financial Advisors to AngloGold? You guessed it: Goldman Sachs.

The destruction of Ashanti Gold by Goldman Sachs was saturated with fraud and conflicts of interest: Goldman Sachs served as Ashanti's Financial Advisors; profitted form the contracts they designed and marketed for Ashanti; was involved in the manipulation of the gold prices on which the contracts depended; represented Ashanti's creditors when the contracts went bad; and profitted as the Financial Advisors to the company that picked up the Ashanti corpse for pennies on the dollar.

The Bailout of Wall Street - little understood by many Americans, and supported grudgingly by members of both political parties who operated on only fractions of the full picture (not unlike the Iraq invasion) - has Goldman Sachs' legacy all over it.

Prosecution of Goldman Sachs and Regulation of the Financial Industry is not evidence of "Big Government," "Socialism," or more "Washington Take-over."

It is an appropriate - and overdue - safeguard against Fraud and Theft, which, the last time I looked, was not antithetical to the principles of liberals, moderates, conservatives, or libertarians.

LInk to Thom Simmons site and original post...click here

Larry here:  There is right, there is wrong then there is Goldman Sachs and the Wall Street cartel.  Don't be fooled, Wall Street has been in control of our economy for quite some time working closely with their implants in government.  Hopefully, Americans will begin to head our call and WAKE UP. 

Goldman Sachs' TopTen Excuses

Goldman Sachs Links and News - April 23 , 2010

Goldman Sachs Now Gambling With Its Own Future, Say Experts
New York Magazine
Goldman Sachs Must Rebuild Trust
Forbes
Shareholder sues Goldman Sachs board: report
MarketWatch
Goldman Sachs:Two rules for investors
MarketWatch (blog)
Is Goldman Sachs Dragging Down Warren Buffett?
TheStreet.com
BayernLB: Ended Only One Consulting Mandate With Goldman Sachs
Wall Street Journal
Exclusive: Abacus might have had other benefits for Goldman
Reuters
The Ultimate Goldman Sachs Metaphor Reel (VIDEO)
By Ben Craw
Michael Winship: Goldman Sachs: What Hath Fraud Wrought?
By Michael Winship 
'Goldman Sachs Has A Greater Responsibility Than You Can Possibly ...
By Stephen Grocer
Should Goldman Sachs Back Down? – 24/7 Wall St.
By 247wallst 
 In Minnesota, both parties benefit from Goldman Sachs ...
By Andy Birkey 
As Long As We're Investigating Goldman Sachs Directors For Insider ...
By Henry Blodget  
David Letterman – Goldman Sachs Top Ten | The Big Picture
By Barry Ritholtz
Goldman director in focus on Berkshire deal: report
Washington Post
 Heard the one about Goldman Sachs and the volcano?
Reuters
Obama Needs to Turn His Back on Goldman's Support
Huffington Post (blog)
Brown Says If Goldman Did Wrong, Britain Should Be Compensated
BusinessWeek
Goldman Sachs Should Cut Losses in SEC Standoff, Lawyers Say ...
April 23 (Bloomberg)
Lloyd Blankfein, Goldman Sachs CEO, Confronted By Reporters At Obama's New ...
Huffington Post (blog)
Goldman Sachs and the Left
National Review Online

Related articles by Zemanta

• Goldman Director Rajat Gupta May Have Leaked Buffett Deal (dailyfinance.com)
• Goldman exec said to tip fund on Buffett deal (money.cnn.com)
• Buffett Has 'Great Confidence' in Goldman Sachs, Murphy Says (businessweek.com)
• Picture du Jour: How the Goldman Abacus deal worked (investmentpostcards.com)
• Goldman Sachs Fraud: A Flaw in the SEC's Case? (dailyfinance.com)
• British Banker Angry Over $230K Bonus Is Awarded $2.14 MILLION By Courts (huffingtonpost.com)
• Goldman Probe Turns to Buffett Deal (online.wsj.com)

Goldman Sachs Gives Reason for Breakup of Too Big To Fail

 As I and other are saying, the true story of the SEC suit against GS will not necessarily be about Goldman Sachs.  It will in fact be about the our entire financial industry specifically the Too Big Too Fail companies that are, in my opinion just too big to operate properly.  Bigger is not better, which has been proven many times over.  The mergers and acquisition mania of the 80's certainly proved that point when these new mega corporations began divesting themselves of their acquired baggage and went back to their core base business.  

Bigger is not better has also been proven by our very own government whose growth has created less efficiency as the ability to properly manage erodes.

Simon Johnson makes some very good points in the article below.

Big Bank Breakup Time Gets Boost From Goldman:
Simon Johnson  Bloomberg BusinesWeek

April 23 (Bloomberg) -- Much of the discussion around the Securities and Exchange Commission case against Goldman Sachs Group Inc. has focused on the legal issues. To the extent there has been analysis of the political dimensions, the focus has been mostly on how this may affect the fate of Senator Christopher Dodd’s financial overhaul bill.

These issues are interesting, but we shouldn’t lose track of the broader economic and political context for this case.

The SEC lawsuit and associated discussion make clear three points:

First, Goldman Sachs had great difficulties managing its operational and reputational risks during the boom. In testimony before the Senate Banking Committee in February, Gerald Corrigan, former head of the New York Federal Reserve Bank and a longtime Goldman Sachs executive, argued that the firm’s risk- management systems are world class. That may be the case, but “world class” looks much less than perfect when Goldman Sachs treats so many of its customers in the fashion described in the SEC’s suit.

This reinforces the widely held -- and correct -- notion that our largest banks have become too big and too complex to manage properly. (emphasis added)

  READ more...click here

Goldman Sachs Links and News - April 22, 2010 - Featuring Larry's Corner

RealClearPolitics - Goldman Sachs's Questionable Profit Motive
By Robert Samuelson
Big Bank Breakup Time Gets Boost From Goldman: Simon Johnson
BusinessWeek
Wall Street's know-it-alls can't tell right from wrong
Washington Post...Lloyd Blankfein, chief executive of Goldman Sachs,
Goldman Sachs may not be the only firm in SEC cross hairs
Los Angeles Times
Wall Street to abandon Democrats in future elections?
CNN
Darrell Issa: Goldman Sachs Leak Deserves Scrutiny
CBS News
Bloomberg TV's coverage of the Goldman Sachs story « Talking Biz News
By Chris Roush 
Goldman Executives to Join Tourre at Senate Hearing
BusinessWeek
Obama's Strong Ties to Goldman Sachs?
FOXNews
Welch calls for criminal investigation into Goldman Sachs
WCAX...Vermont Congressman Peter Welch is calling on Attorney General Eric Holder to open a criminal investigation into Goldman Sachs. 
Goldman Sachs Director Gupta Dealt With Rajaratnam
BusinessWeek
Goldman Sachs Economist O`Neill on Bloomberg TV. | Analyst Wire ...
Goldman Sachs Economist O`Neill on Bloomberg TV. from Analyst Wire provided by Find Articles at BNET.
SEC Charges Won't Be the End of Goldman, Hintz Says: Tom Keene
BusinessWeek
Geithner Says SEC Didn't Give Advance Notice of Goldman Suit
BusinessWeek
Obama Calls on Finance Industry to Drop Fight, Embrace Overhaul
BusinessWeek
Goldman Sachs and Financial Regulation Reform - Big Government
By The New Ledger
Goldman Sachs Against SEC Lawsuit
Goldman Sachs's Blankfein Attacking the SEC
BloggingStocks (blog)
Goldman CEO to attend Obama's Wall Street address
Reuters
Blackstone to Remain 'Major Client' of Goldman Sachs, CEO Says
BusinessWeek
 Dodge Says Goldman Case May Spur New Rules From Wrong Lesson
BusinessWeek
BayernLB to keep most business ties with Goldman
MarketWatch GS666 Note:  Clarification of a previous article
Blanche Lincoln Says She Won't Take Goldman Sachs Money
Arkansas Business Online
After Goldman, More Clean-Up
New York Times (blog) PRESS DIGEST - Wall Street Journal - April 22
Reuters
Bosch Stops Doing Business With Goldman Over Bonuses, FT Says
Bloomberg  GS666 Note: Interesting
Obama to Take Aim at 'Risky Decisions' That Sparked Crisis
BusinessWeek GS666 Note: Time to take the politics out of what should be criminal investigations.  If no criminal activity found by criminologists then let the politicians go to work..
Senate Derivatives Bill Faces Battle on Bank Spinoff Provision
BusinessWeek 
Along with SEC, other investigators and suits may target Goldman Sachs
Washington Post GS666 Note: Now we're getting to the real heart of the issue.
Meet the new Goldman derivatives business
MarketWatch 

 Should he or shouldn't he...that is the question

An unofficial poll

Obama Doesn't Intend to Give Back Goldman Campaign Donations
BusinessWeek 

The BusinessWeek link above does pose a very interesting question that perhaps should be enlarged to include any politicians that have any oversight or regulatory authority over Wall Street and other banks.  

• Should campaign contributions made by Goldman Sachs or any of their employees be returned to them?  

• Should any candidate that received campaign contributions from Goldman Sachs or any of their employees return that money?

• Should any current candidate not accept any campaign contributions from Goldman Sachs or any of their employees?

If campaign contributions should be returned the next question becomes becomes how.   Let's postpone that conversation until we see what the general "unofficial" consensus will be.

Post your responses as a comment to this post by clicking on "comments" at the bottom of this article.  We will tally the counts Friday night at midnight and report on the findings over the weekend.  Feel free to comment and express y9our views







 

Goldman Sachs Links and News - April 21, 2010 - Featuring Larry's Corner

 Speculation, Theories and Conjecture

The number of stories about Goldman Sachs has nearly doubled since last Friday's announcement by the SEC.  As would be expected, many stories offer speculation, theories and conjecture.  Some even offer so called evidence to support their position.  I am sure this will be headline news in the blogs and on the web for months to come and will certainly provide enough fodder to feed all the hungry in the world.

As for me, this site and the others similar to it, it appears to be a victory of sorts.  Many of us have been waiting for a shoe to fall and a crack to form and by the grace of gods servants - GS - it has

.

I am sure we will all read and I will publish links to all the opinions, speculation and theories that will roll down the hill like a rock gathering moss.  It will be somewhat gratifying to be able to look at all the different views (coming from all directions) put them all together and create new opinions and conjecture.

But don't be fooled.  Any definitive action in this case is a long way off and those seeking instant gratification will be very disappointed.  There even exists a possibility that this will neveer even get to court.  Yes, GS has hired some big guns for their legal defense but many a big gun prefers to settle a civil suit rather then go to trial.  the question they will be asking themselves is how a trial will affect their already tarnished image.  I would imagine that their PR department will be discussing that with the attorneys if they are not doing so already.

What will be more interesting to me and what I will be looking for throughout the coming months is how all of this will affect their business worldwide not to mentions watching to see how many hens will leave the coup.  And even more interesting how many whistleblowers will surface to save themselves for possible future prosecution.

Already, some in Germany (see highlighted links below) are taking action and bailing from GS or contemplating doing so.    

More important even then any GS fallout will be how far lawmakers will look through this new crack in the skin - peeling away the layers - to expose all the fraud that I believe was rampant in our financial industry.  Fraud that created the cause and effect  of the economic crisis.   A fraud that could not have been accomplished without the help of many high ranking officials in government - possibly even Presidents or Vice Presidents.  Oh, I know whatyou are thinking  - here he goes again with conspiracy theories -  but let us not forget the proven crimes of recent past Presidents.  It is possible.  The question again, is will those more honest politicians have the guts to expose them, whoever they may be. 

In the meantime, stay tuned.  My daily links and news will continue as will my commentary.  I will follow this story as it continues to unfold offering information from many different view points.  I will also be looking for how this GS case opens  he doors to those other institutions that some one dubbed Too Big Too Fail offering billions of our dollars to...maybe keep the truth from coming out.  This is just the very beginning.  When the tip of the iceberg blows off we may have an even bigger volcanic eruption then the one in Iceland.  

Oh, didn't Iceland go broke due to their investments in these real estate related securities?  It will be interesting to see what they do about the man made disaster they had after they deal with the natural one.

AIG Said to Be Lead Insurer of Goldman Sachs Board Against ...
By Hugh Son April 20 (Bloomberg)
Ruder Says SEC Should Be Able to Prove Goldman Case: Video | www ...
By marketmaker 
Goldman Sachs banker Fabrice Tourre to testify in Congress
Washington Post
Banks Punished in Swaps as Industrial Gap Soars: Credit Markets
Bloomberg
OpenSecrets | Lawmakers Make Bank from Goldman Sachs, D.C. Voting ...
GOLDMAN SACHS A POPULAR INVESTMENT FOR LAWMAKERS:
IKB considers suing Goldman Sachs for fraud - The Local
Obama: No issues with Goldman Sachs case
USA Today
Senate Majority Leader Won't Return Money to Goldman Sachs
FOXNews (blog)
Goldman Sachs case has makings of an epic legal showdown
Los Angeles Times

BayernLB Ends Its Relationship With Goldman Sachs
BusinessWeek

Merkel Said to Want to Shun Goldman Sachs Amid US Fraud Suit
BusinessWeek

Berlin State Officials May Boycott Goldman, Handelsblatt Says
Bloomberg
Forums - GOLDMAN SACHS will go down like all the rest
Bloomberg Opinion
What Goldman Sachs and Ben Roethlisberger Have in Common - CBS ...
By Nathan Hale
How the Goldman Sachs Suit Will Affect Financial Reform - CBS ...
By Nelson Wang 
Clip Syndicate Video: Bloomberg
Goldman Sachs Caveat Emptor Defense Mirrors UBS, Merrill Subprime ...By William McQuillen and Patricia Hurtado April 21 (Bloomberg)
Was the Goldman Sachs Suit Politically Timed?
CBS News
Rep. Darrell Issa
FOXNews
GRETA VAN SUSTEREN, FOX NEWS HOST: Goldman Sachs just got slapped with civil charges by the SEC
Hong Kong Regulator Says Goldman Fallout in Hong Kong 'Limited'
BusinessWeek
Goldman's Caveat Emptor Defense Mirrors UBS, Merrill Lawsuits
BusinessWeek