Goldman Sachs posts 20% revenue fall
US investment banking titan Goldman Sachs posted Thursday a 2 percent profit fall for the third quarter as revenues dived 20 percent.
Read MoreUS investment banking titan Goldman Sachs posted Thursday a 2 percent profit fall for the third quarter as revenues dived 20 percent.
Read MoreIn a wrongful termination lawsuit, Segarra says she was fired by the Fed after she refused to change a finding Goldman Sachs had inadequate controls over conflicts of interest.
Read MoreBanking giants Goldman Sachs, UBS to lead privatization of state-owned mail
Read MoreBack in 2008, Goldman Sachs, which is an investment bank—that meant that all their losses were there—was turned into a commercial bank, within 24 hours, so they could qualify for $10 billion in bailout funds. But as part of the deal—as part of the deal, Amy—
Read Morewe hear about the sheikh who says the crash never happened; a Wall Street king charged with fraud; a congresswoman who wants to jail the bankers; and the world leaders who want a re-think of capitalism.
Read MoreThe government has not declared war on Wall Street even after Wall Street declared war on Main Street. The housing bubble was built on a bedrock of fraud linking shady subprime brokers and appraisers to an industry of financial products that were then resold with misrepresented values thanks to the connivance of unethical ratings agencies.
Read MoreThere is no connection between raising the debt ceiling and arguing over tax policy. Tax policy takes many years to work out. All of a sudden, Mr. Obama is going along with the charade of saying, “Wait a minute, let’s create a crisis.”
Read MoreOnce again Goldman Sachs help bring down a nation with the now infamous credit default swaps and other vehicles previously known as ‘banking’. “Young people and the elderly throw incendiary devices and yogurt to protest Greece’s proposed austerity measures”.
Read MoreGoldman had gone from betting $6 billion on mortgages to betting $10 billion against them — a shift of $16 billion. Even CEO Lloyd “I’m doing God’s work” Blankfein wondered aloud about the bank’s progress in “cleaning” its crap. “Could/should we have cleaned up these books before,” Blankfein wrote in one e-mail, “and are we doing enough right now to sell off cats and dogs in other books throughout the division?”
Read MoreGoldman Sachs collected nearly $3 billion from US taxpayers the Financial Crisis Inquiry Commission points fingers at deregulation.
Read More“The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.”
Read MoreWithin hours, minutes actually, of Bank of America’s stock price decline of 3% attributed to news of a Wikileak release possibly aimed at the bank, financial pundits set to work calming the masses.
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