Staff / TruthdigSep 12, 2010
Remember that crazy time back in May when the Dow Jones unexpectedly dropped by almost 1,000 points in only half an hour? Well, the SEC has finally worked in some protection against such sudden plunges by expanding the number of stocks subject to its current “circuit-breaker rule.” Dig deeper ( 1 Min. Read )
Staff / TruthdigSep 9, 2010
Goldman Sachs hasn't been the most popular name in finance lately on this side of the Atlantic, and now the Brits have jumped into the fray, hitting the banking behemoth with a $31 million fine for keeping its stateside troubles secret from U.K. authorities. Dig deeper ( 1 Min. Read )
Staff / TruthdigJul 20, 2010
Those of us who have stood aghast and watched as Goldman Sachs seemed to sail almost unscathed through the erupting economic catastrophe of the last two years (thank you, bailout!) might stop now for a moment of pure schadenfreude, as the megabank's profits took a precipitous dive in the second quarter of this year. Dig deeper ( 1 Min. Read )
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Staff / TruthdigJul 16, 2010
You know you have it made when a $550 million settlement with the SEC boosts your stock by $3 billion. Goldman Sachs' penalty for selling a fancy investment it secretly bet against was about half what was expected, amounting to just 14 days of earnings. You might say they got away with it. Dig deeper ( 1 Min. Read )
Staff / TruthdigApr 27, 2010
Tuesday was not a fun day to be a top executive at Goldman Sachs Sen Carl Levin and his posse from the Permanent Subcommittee on Investigations made sure of that during a lengthy interrogation session, which included quite a zinger (continued) . Dig deeper ( 2 Min. Read )
Andy Borowitz / TruthdigApr 26, 2010
A Treasury Department spokesperson said that by performing community service as treasury secretary, Lloyd Blankfein will do less harm to the economy because he will have significantly less power than he had as chairman of Goldman. Dig deeper ( 1 Min. Read )
Staff / TruthdigApr 23, 2010
One wonders if there is a smutty equivalent to Nero's fiddling while Rome burns. If there is, it might be applicable to the senior staffers at the SEC who spent hours watching pornography on government computers instead of policing the nation's financial system. Dig deeper ( 1 Min. Read )
Staff / TruthdigApr 22, 2010
On Wednesday, a day after Goldman Sachs stock took a dip as the SEC's lawsuit against the financial giant loomed large, The Wall Street Journal suggested that Goldman could catch a break in the case (continued)
. Dig deeper ( 1 Min. Read )
Robert Scheer / TruthdigApr 21, 2010
The story of the financial debacle will end the way it began, with the super-hustlers from Goldman Sachs at the center of the action and profiting wildly Never in US history has one company wielded such destructive power over our political economy, irrespective of whether a Republican or a Democrat happened to be president. Dig deeper ( 3 Min. Read )
Staff / TruthdigApr 21, 2010
Stephen Colbert is outraged at the Obama administration's attempt to thwart banks' promotion of risky investments. After all, risky investments are like risky sex, and "if you make the banks wear a condom, they won't be able to feel it when they're f*ing us over." Dig deeper ( 1 Min. Read )
Staff / TruthdigApr 20, 2010
Goldman Sachs has demonstrated a remarkable ability to keep pulling in the profits -- and bestowing bonuses on company execs -- regardless of the state of the global economy, and despite what the bank might have done to damage it in the first place On Tuesday (continued)Goldman Sachs has demonstrated a remarkable ability to keep pulling in the profits regardless of the state of the global economy. Dig deeper ( 1 Min. Read )
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