[credit provider=”Matt Rosoff Business Insider”] Apple’s tax practices are drawing the attention of some in Congress after a scathing New York Times report over the weekendSen. Tom Coburn (R-Okla.) revealed in an interview on Morning Joe today that he was “livid” about the news that Apple had managed to pay a […]
[credit provider=”AP”] The New York Post reports that a nine month criminal probe by the Department of Justice into Goldman Sachs is unlikely to lead to criminal charges.The investigation examined whether Goldman Sachs and its executives misled clients and lied to lawmakers.
[credit provider=”C-SPAN”] The infamous Abacus transaction that cost Goldman Sachs $550 million might have been designed to fail, but it turns out that it actually performed better than its peers, according to a new study co-authored by BlackRock and Columbia Business School.The Abacus CDOs’ performance, “while undoubtedly bad, was actually […]
Dick Bove is now suggesting that Goldman Sachs might have had no big net short on the subprime market.
[credit provider=”Bloomberg Businessweek”] Goldman’s top executives will probably get subpoenas from federal prosecutors over their mortgage unit in the next few days, the WSJ reports.Sen. Carl Levin said he had referred his committee’s findings on the financial crisis to the DOJ, so the existence — or imminent existence — of […]
It’s been almost two years since Rolling Stone first published Matt Taibbi’s takedown of Goldman Sachs, “The Great American Bubble Machine.”
The Senate Committee assigned to report on the causes of the financial crisis used then-trader Greg Lippmann’s emails in their 650-page report as an example of the view within Deutsche Bank that the subprime market was collapsing.
Carl “Shitty Deal” Levin gave us some of the financial crisis’s best and most riveting television since the May 6thFlash Crash. Who can forget his questioning of Goldman Sachs executives?
[credit provider=”C-SPAN”] We can’t say we’re surprised that a Senate report released yesterday, that details what caused the financial crisis, focuses on Goldman Sachs. A lot.The findings of a two-year analysis “trains much of its ire on Goldman Sachs, which Sen. Levin said deceived some clients by betting against home […]
Every few months, a new set of embarrassing online dispatches escapes from Wall Street.
[credit provider=”C-SPAN”] If there’s one thing we’ve learned today, one thing, it’s that Michigan Senator Carl Levin REALLY doesn’t like the fact that Goldman Sachs (GS) could have had positions that were directionally opposed to its clients.He’s been talking about it all day, from his opening soliloquy to his late-night […]
David Weigel points out the Senator who really knows how to drop an expletive. Carl Levin, watch and learn.
We demand fines! (Follow our live coverage of the hearings here)