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The Inheritance

The Inheritance

By David E. Sanger

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Tag: Blankfein

Fortune Live Media (CC-BY)

Nine Wall Street Big Shots Who Cashed In on the Crisis

With Americans across the country realizing that they are not the only ones fed up with the CEOs, bankers and policymakers responsible for the current damage to the U.S. economy, now is a good time to read up on the Wall Street executives who profited most from the bubble and federal bailout. (more)

Posted on Oct 9, 2011 READ MORE

Flickr / SS&SS

The Way Away From a Second Term

In his first essay for New York Magazine since quitting The New York Times last spring, Frank Rich thoughtfully details Barack Obama’s failure to push back against the financial wheeler-dealers who drove the country to the brink of ruin ... (more)

Posted on Jul 5, 2011 READ MORE

Goldman Sachs to Gently Tweak Business Practices

Despite drawing the wrong kind of attention to themselves over the last two-plus years with news of murky dealings in “structured products” and concern over the bank’s role in the subprime mortgage crisis, execs at Goldman Sachs apparently ...

Posted on Jan 10, 2011 READ MORE

AP / Mark Lennihan

‘Government Sachs’ Strikes Gold ... Again

Connect the dots: Goldman Sachs made $3.44 billion in profit this past quarter, while the U.S deficit topped $1 trillion for the first time in the nation’s history and appeared to be headed toward doubling that figure before the budget year is out. Since most of the increase in the federal deficit is due to bailing out the banks and salvaging the greater economy they helped destroy, why is the top investment bank doing so well?

Posted on Jul 14, 2009 READ MORE

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