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In a move that may signal the beginning of the end of Goldman Sachs' golden era, the Securities and Exchange Commission filed a civil suit Friday against the banking behemoth, accusing the company of selling customers subprime mortgage derivatives (continued)In a move that may signal the beginning of the end of Goldman Sachs' golden era, the Securities and Exchange Commission filed a civil suit Friday against the banking behemoth.

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Fresh off the bailout, Goldman Sachs raked in $3.44 billion in net profit this quarter, beating analysts' already high expectations, and the firm's success will pay off for employees in the form of generous bonuses. Not surprisingly, pro-Goldman types think this is all good news.

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Not many big hitters from the financial sector have managed to stay afloat, let alone turn a profit, since the economic crisis kicked in, but George Soros has done quite well for himself. Soros made $1.1 billion last year, and he's not even at the top of the list of hedge fund managers who beat the odds in 2008.

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Well, that didn't work out. In pushing for a new financial industry bailout, Treasury Secretary Geithner came across like a banker trying to do a politician's job. Obama owes us some hands-on involvement.

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The U.S. taxpayer is on the hook for more than $300 billion of Citigroup's junk investments, so where did the ailing bank find $400 million to put its name on the New York Mets' new stadium?

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While it's great that it has finally been acknowledged, the National Bureau of Economic Research's announcement on Monday that the U.S. is officially in a recession is old news -- even by the bureau's own estimation. Updated

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Having two presidents is starting to feel like having no president, and that's the situation we'll face until Inauguration Day. Heaven help us.

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Getting a grip on the economic catastrophe that rocked the country during the fall of 2008 is no easy feat, what with so many players, back-room deals, bills, upswings and meltdowns to consider. Updated

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What's a hundred billion dollars between capitalists? The Fed and the Treasury are once again throwing good cash after bad business. This time the culprit is Citigroup, which could get bailed out -- courtesy of you -- to the tune of $100 billion. And with that, we'd like to announce that Truthdig is officially too big to fail. Update: Done deal.

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