Here Comes Trouble: Stories from My Life

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Articles tagged with: “Goldman Sachs”

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July 20th, 2010

Consumer Post Prospect Has Democrats in Knots

Democrats agonized Monday over whether President Barack Obama should pick Harvard Law School Professor Elizabeth Warren to be the nation's first consumer-finance regulator, an indication of the intense fight to come.Ms. Warren is one of at least three finalists for the post created by legislation overhauling financial regulations, and the ... continue reading

July 15th, 2010

Goldman Shares Up; SEC Announces Settlement

NEW YORK -- Shares of Goldman Sachs Group Inc. (GS) surged after the close of trading as the Securities and Exchange Commission announced it would settle a fraud lawsuit against the investment bank. Earlier Thursday, in the regular trading session, shares of the investment bank rose after the SEC said ... continue reading

June 25th, 2010

Bank Stocks Rally As Financial Reform Comes Together

Financial stocks rallied after Congress passed a key hurdle--rather painlessly--in its effort to reform the U.S. financial regulatory structure, paving the way for President Obama's signature in the coming weeks."There was a big political component to this, and the fear on Wall Street was that this bill would be a ... continue reading

June 25th, 2010

Wall Street dodges bullet on derivatives

NEW YORK -- It's a brave new world for the derivatives market. Or is it?Congress' efforts to reshape this murky corner of the nation's financial system may have little impact on the Wall Street firms that dabble in these complex financial investments. As part of the financial regulatory reform bill ... continue reading

June 15th, 2010

BP to defend spill as Obama pitches greener U.S.

(Reuters) - President Barack Obama will outline a plan to reduce the country's addiction to oil on Tuesday after U.S. lawmakers say BP's cost-cutting culture caused the worst spill in U.S. history. A day after BP shares fell 9 percent in London and New York, U.S. lawmakers will ask its ... continue reading

June 9th, 2010

Who Has It Worse? BP or Goldman Sachs?

The nation is transfixed by the pictures of oil spilling into the Gulf of Mexico. Of course, it wasn’t too long ago that the nation’s angst was focused on Goldman Sachs Group and the SEC’s civil suit against the Wall street investment bank. Naturally, the questions arises, who has it ... continue reading

May 25th, 2010

Ask Goldman Sachs to Give It Back!

Sometimes when you explain to people that some of the most complicated financial transactions in the country were just side bets, they don't really believe you. They think it's an oversimplification. We couldn't have wrecked the global economy because some people made side bets. These are sophisticated bankers with sophisticated ... continue reading

May 19th, 2010

JPMorgan faces angry homeowners

Angry homeowners protested outside JPMorgan Chase’s annual meeting in New York on Tuesday as Jamie Dimon, the bank’s chief executive, defended its record in modifying mortgages for hard-pressed borrowers.At one point, a protester, Bruce Marks, who runs the Neighborhood Assistance Corporation of America, which provides loans to low-income people, attempted ... continue reading

May 14th, 2010

Criminal probe targets 6 Wall Street firms: source

Prosecutors are conducting a broad criminal investigation of six major Wall Street banks, including JPMorgan Chase & Co and Citigroup Inc, to determine if they misled investors, a person familiar with the matter said on Thursday.The others are Deutsche Bank AG, UBS AG, Morgan Stanley and Goldman Sachs Group Inc, ... continue reading

May 6th, 2010

Fabrice Tourre’s New Street Cred

While Main Street vilifies Goldman Sachs, and the federal government widens its probe into the bank’s selling of mortgage securities, an unlikely folk hero is emerging on Wall Street: Fabrice Tourre, the 31-year-old Goldman employee named in the Security and Exchange Commission's suit. Already, Fabulous Fab—as he calls himself in ... continue reading

April 30th, 2010

Criminal Probe Looks Into Goldman Trading

Federal prosecutors are conducting a criminal investigation into whether Goldman Sachs Group Inc. or its employees committed securities fraud in connection with its mortgage trading, people familiar with the probe say.The investigation from the Manhattan U.S. Attorney's Office, which is at a preliminary stage, stemmed from a referral from the ... continue reading

April 30th, 2010

AP source: Criminal probe of Goldman under way

WASHINGTON – The U.S. attorney's office in Manhattan is conducting a criminal investigation of Goldman Sachs over mortgage securities deals the big Wall Street firm arranged, a knowledgeable person said Thursday.The person said the probe stems from a criminal referral by the Securities and Exchange Commission. The source spoke on ... continue reading

April 30th, 2010

Goldman may face Justice Department review

The Securities and Exchange Commission has referred its investigation of Goldman Sachs to the Justice Department for possible criminal prosecution, less than two weeks after filing a civil securities fraud case against the firm, according to a source familiar with the matter. Any probe by the Justice Department, if underway, ... continue reading

April 29th, 2010

New York marchers protest Wall Street, big banks

NEW YORK, April 29 - Several thousand demonstrators marched through the New York financial district on Thursday in a protest led by labor unions, saying Wall Street's biggest banks must account for record profits while average Americans still suffer financially. Spearheaded by the AFL-CIO, the march made its way through ... continue reading

Dylan Ratigan

Host, Dylan Ratigan Show

April 29th, 2010

Judd Gregg and Ben Nelson: More Socialism Please

As we find our economy subsisting on massive government spending and no-strings-attached bailouts, borrowed, of course, from future generations, what solutions do the same leaders who got us into this mess offer? You already know the answer -- more government handouts.The latest gambit?Politicians like Judd Gregg and Ben Nelson are ... continue reading

April 29th, 2010

Legislators suggest fraud, request Goldman inquiry

WASHINGTON - A group of 62 House lawmakers is asking the Justice Department to conduct a criminal investigation of Goldman Sachs Group Inc.Rep. Marcy Kaptur (D., Ohio) said Wednesday that a letter from the group to Attorney General Eric H. Holder Jr. requested an immediate opening of a criminal probe."On ... continue reading

April 29th, 2010

Kaptur Presses for Wall Street Probes

The pressure on federal investigators to bring financial fraud cases showed up on literally on the Justice Department’s doorstep today.Rep. Marcy Kaptur (D., Ohio), showed up with an entourage to deliver a letter signed by 62 members of Congress to urge the department to investigate Goldman Sachs and other Wall ... continue reading

April 28th, 2010

REP. KAPTUR AND PCCC DELIVER 140,000 SIGNATURES TO JUSTICE DEPT – CALLING FOR CRIMINAL INVESTIGATION OF GOLDMAN SACHS

"Nobody on Wall Street is too big for jail"Rep. Marcy Kaptur (D-OH) announced a letter addressed to Attorney General Eric Holder asking for a criminal investigation of Goldman Sachs immediately after the SEC announced fraud charges against Goldman.The Progressive Change Campaign Committee, a 400,000-member organization, spearheaded grassroots mobilization around the ... continue reading

Aaron Bartley

Aaron Bartley is Executive Director of People United for Sustainable Housing (PUSH).

April 28th, 2010

PUSH Buffalo Joins the Showdown on Wall Street

In the nearly two years since the biggest banks precipitated a devastating economic meltdown and then exploited the moment to win billions in taxpayer bailouts and billions more in free money from the Federal Reserve, not a single public demonstration of significance has darkened the doors of the Wall Street ... continue reading

April 28th, 2010

Michael Moore on Larry King Live

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April 28th, 2010

Protesters Launch Showdown With the Monster Banks, Demand Wells Fargo to End Predatory Lending

"We are many and they are few -- and today they have to deal with us!" yelled an organizer at a San Francisco march and rally on Tuesday afternoon aimed at calling out Wells Fargo for its predatory lending practices. A crowd of a few hundred pissed-off consumers responded boisterously ... continue reading

April 27th, 2010

"I Wouldn't Trust You"

Goldman Sachs CEO Lloyd Blankfein did his best to explain the firm's controversial trades in the mortgage market, but Senator Carl Levin and the other members of the Permanent Subcommittee on Investigations weren't buying it. The issue, laid out in a civil fraud suit by the SEC, is whether Goldman ... continue reading

April 27th, 2010

Blankfein Says Firm Doesn’t Need to Disclose Position

Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein told a Senate panel that market-makers have no obligation to tell clients about their own position in a security. Blankfein, responding to questions from Senator Carl Levin, chairman of the Permanent Subcommittee on Investigations, said the nature of the principal business ... continue reading

April 27th, 2010

Levin, quoting Goldman e-mail, drops repeated s-bombs

UPDATED at 11:44 a.m.: The Senate's Permanent Subcommittee on Investigations, headed by Sen. Carl Levin (D-Mich.), is taking it to Wall Street megabank Goldman Sachs and its role in the sub-prime mortgage securitization crisis. The SEC has charged Goldman with fraud for its role in creating a 2007 investment vehicle ... continue reading

April 27th, 2010

Democrats push bank controls; GOP delays action

WASHINGTON – Undaunted by a Senate setback, Democrats appeared increasingly confident Monday they will be able to take advantage of Americans' anger at Wall Street and push through the most sweeping new controls on financial institutions since the Great Depression.The Senate, in a 57-41 vote, failed to get the 60 ... continue reading

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My father, Francis (Frank) Moore, passed away this morning a few months shy if his 93rd birthday. He was a great dad I am blessed to have had him in my life. I...

Apr 20th
2:58 AM
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Time to put the cuffs on Chris Christie -- not for the bridge scandal, but for this: Chris Christie's $300m pension proposal broke state anti-corruption...

Apr 18th
7:31 PM
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George W. Bush Debuts New Paintings Of Dogs, Friends, Ghost Of Iraqi Child That Follows Him... www.theonion.com President Bush has a new hobby -- painting! --...

Apr 17th
7:28 PM
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Big new story from David Sirota and Pando on top Christie adviser and appearance of corruption at New Jersey's pension fund: REVEALED: Gov....

Apr 17th
12:41 PM
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FBI Uncovers Al-Qaeda Plot To Just Sit Back And Enjoy Collapse Of United States www.theonion.com WASHINGTON—The FBI announced today that it has uncovered a...

Apr 15th
3:28 PM
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Revealed: Rahm Emanuel's top donor bought stock in Marriott just before it was awarded huge contract pando.com As schools are closed and pensions cut,...

Apr 9th
2:00 PM
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I'll be at First Time Fest today in New York City at the screening of my first film, Roger & Me. Loews Village 7 at 12:30 pm. Come see it on the big...

Apr 5th
9:48 AM
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Revealed: Rahm Emanuel cuts public pensions, diverts money to benefit campaign donors pando.com If you've read the financial news out of Chicago the last...

Apr 4th
2:19 PM
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Please take a moment today to think of Casey Austin Sheehan, son of Cindy and Patrick, who was murdered by U.S. foreign policy in Sadr City, Baghdad ten years...

Apr 4th
2:00 PM
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ICYMI - I've joined this "thunderclap" to support the Connecticut legislators who voted yes on last year's Act Concerning Gun Violence...

Apr 3rd
7:38 PM
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I've joined this "thunderclap" to support the Connecticut legislators who voted yes on last year's Act Concerning Gun Violence Prevention...

Apr 2nd
8:27 PM
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I am opposed to the death penalty, but to every rule there is usually an exception, and in this case I hope the criminals at General Motors will be arrested...

Apr 1st
3:55 PM
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How Long Some in the US Will Survive Under New Health Law ...by Donna Smith www.michaelmoore.com Those who must access care to live and can afford it are not...

Mar 31st
10:13 PM
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Last night, The Good Wife on the East Coast started 40 minutes late due to the overrun of the NCAA basketball game. If you had your DVR set for the show, you...

Mar 24th
5:41 PM
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Watching films today, looking for the ones I'm going to pick for my film festival this summer. I (and a whole bunch of others!) have this thing we put on...

Mar 23rd
4:48 PM
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When the U.S. Health Care System Keeps Killing, Who Cares Enough to Fight? ...by Donna Smith www.michaelmoore.com We have largely forgotten that people are at...

Mar 21st
5:56 PM
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Tell the White House not to give up on Dr. Vivek Murthy's nomination as Surgeon General despite the ferocious opposition from the NRA: Don't give...

Mar 21st
5:38 PM
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This criminal would never see a jail cell, nor would his cronies. In fact, they'd later be rewarded with re-election: Presidential Address on War with...

Mar 19th
9:40 PM
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The crime of the century -- our invasion & slaughter in Iraq -- started 11 years ago tonite in this 7pm (ET) hour, March 19th, 2003: CNN Coverage of...

Mar 19th
9:08 PM
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Washington’s Back-to-the-Future Military Policies in Africa ...by Nick Turse www.michaelmoore.com Nick Turse is an award-winning journalist, historian,...

Mar 17th
4:59 PM
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"I think democracy is the most revolutionary thing in the world." -- Tony Benn, 1925-2014 Tony Benn in 'Sicko'

Mar 14th
10:07 AM
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RIP Tony Benn, one of the UK's greatest leaders: Tony Benn, veteran Labour politician, dies aged 88 www.theguardian.com Former cabinet minister died at...

Mar 14th
9:53 AM
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Please read this important story from K. Ford K.: Am I the Face of the New American Middle Class? www.huffingtonpost.com I began to feel I had slipped so low...

Mar 13th
2:24 PM
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Yesterday Dianne Feinstein revealed that the CIA has been spying on the Senate Intelligence Committee. This is all about the report the committee has produced...

Mar 12th
6:48 PM
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Health Care for All Colorado has brought Mercy Killers, a show written and performed by Michael Milligan about our murderous for-profit healthcare system, to...

Mar 10th
1:08 PM
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Health Care Dramas that Sting and Why We Have to Watch ...by Donna Smith www.michaelmoore.com The realities Milligan has written into the show cut deep into...

Mar 10th
1:02 PM
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Did you know the Lehrer Newshour on PBS has been produced for 20 years by a company owned by conservative cable billionaire John Malone? Me neither. After...

Mar 7th
8:39 PM
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Mr. Obama, if int’l law is so damn crucial . . . | RootsAction.org act.rootsaction.org The Russian intervention deserves criticism. But let’s be clear. The...

Mar 6th
1:21 PM
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Enron billionaire John Arnold thinks everyone should believe him when he says we've got to cut pensions because he's so incredibly rich: John...

Mar 5th
4:20 PM
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