Here Comes Trouble: Stories from My Life

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Articles tagged with: “Securities and Exchange Commission”

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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

July 15th, 2010

Congress approves sweeping Wall Street reforms

WASHINGTON – Congress on Thursday passed the stiffest restrictions on banks and Wall Street since the Great Depression, clamping down on lending practices and expanding consumer protections to prevent a repeat of the 2008 meltdown that knocked the economy to its knees.A year in the making and 22 months after ... 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

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

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

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 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

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

April 26th, 2010

Blankfein testimony to deny charges

In testimony before a Senate committee Tuesday, Goldman Sachs CEO Lloyd Blankfein will deny his firm bet against the U.S. housing market and its own clients in 2007 and 2008 – and say that investments in the turbulent housing market were handled appropriately. Goldman faces SEC fraud charges over the ... continue reading

April 26th, 2010

Senate probe: Goldman planned to profit from bust

WASHINGTON – Goldman Sachs developed a strategy to profit from the housing meltdown and reaped billions at the expense of clients, a Senate investigation has found.Top Goldman executives misled investors in complex mortgage securities that became toxic, investigators for a Senate panel allege. They point to e-mails and other Goldman ... continue reading

April 23rd, 2010

Lincoln says she won't take Goldman Sachs money

LITTLE ROCK, Ark. — U.S. Sen. Blanche Lincoln's campaign said Wednesday it will no longer accept contributions linked to Goldman Sachs, the major investment bank facing federal fraud charges. Lincoln's chief rival for the Democratic Senate nomination has criticized her for accepting money from the embattled firm. Lincoln's campaign said ... continue reading

April 23rd, 2010

SEC staffers watched porn as economy crashed

WASHINGTON – Senior staffers at the Securities and Exchange Commission spent hours surfing pornographic websites on government-issued computers while they were being paid to police the financial system, an agency watchdog says.The SEC's inspector general conducted 33 probes of employees looking at explicit images in the past five years, according ... continue reading

Dylan Ratigan

Host, Dylan Ratigan Show

April 22nd, 2010

The Speech: The Good, The Bad and The Missing

The Good: The president had strong language for backing real derivative reforms. The Bad: Vague language about the "Volcker rule" will not stop Too Big To Fail; but a plan like this (or even one like this) for breaking up the current mega-banks and limiting their liabilities will. The Missing: ... continue reading

April 21st, 2010

House Democrats calling for criminal investigation of Goldman Sachs

A growing number of House Democrats are asking the Department of Justice to open a criminal investigation into Goldman Sachs.Rep. Marcy Kaptur (D-Ohio) made the request Tuesday in a letter to Attorney General Eric Holder. Since then, almost 20 of her colleagues have signed on.The Securities and Exchange Commission (SEC) ... continue reading

April 20th, 2010

Goldman earns $3.3B in 1Q as fraud case looms

NEW YORK — Goldman Sachs reaffirmed its leadership among Wall Street banks as it reported its first-quarter profits doubled. But the news was overshadowed by the investment bank's growing legal problems.As Goldman Sachs Group Inc. executives held conference calls with banking industry analysts and reporters Tuesday, the questions focused more ... continue reading

April 20th, 2010

Goldman Sachs was top Obama donor

Washington — For Goldman Sachs, a large financial investment in President Obama does not appear to be paying off. Wall Street's top investment bank was a generous contributor to Obama's presidential campaign. The company has defended itself from civil fraud charges filed by the Securities and Exchange Commission and, along ... continue reading

April 20th, 2010

Top Republican asserts feds 'looked the other way' from financial fraud

Federal regulators "looked the other way" while Wall Street firms engaged in dubious practices that led to securities charges against Goldman Sachs, the senior House Republican on financial issues said Tuesday. Rep. Spencer Bachus (Ala.), the top Republican on the House Financial Services Committee, also suggested there was a certain ... continue reading

April 19th, 2010

Goldman Sachs faces questions in Europe

LONDON — Goldman Sachs is facing a potential backlash in Europe over the fraud case brought against it in the United States, with Britain's Prime Minister Gordon Brown calling for authorities there to investigate and accusing the investment bank of "moral bankruptcy."Germany also said it would ask for detailed information ... continue reading

Dylan Ratigan

Host, Dylan Ratigan Show

April 19th, 2010

A Patriot's Day Call to Arms

This letter is a call to (electronic) arms on Patriots' Day. Mr. President, please show the American people the AIG emails. In the wake of the disclosures associated with Friday's government fraud accusations against Goldman, Sachs & Co., one of our nation's wealthiest, largest and most politically well-connected banks, it ... continue reading

March 1st, 2010

Goldman Sachs won't investigate executive pay

NEW YORK — Goldman Sachs Group Inc. said Monday it has rejected demands by shareholders to investigate the Wall Street bank's compensation practices.Shareholder lawsuits filed recently in New York and Delaware charge that Goldman's compensation levels in 2009 were too high, Goldman said in a Securities and Exchange Commission filing. ... continue reading

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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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More in David Sirota's continuing series on the billionaire takeover of PBS: More PBS conflict woes as activists move to eject David Koch from board of...

Mar 3rd
12:35 PM
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Ukraine: One ‘Regime Change’ Too Many? ...by Ray McGovern www.michaelmoore.com Is “regime change” in Ukraine the bridge too far for the neoconservative...

Mar 2nd
9:25 PM
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