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A federal jury found former Goldman Sachs Group Inc. GS +2.11% trader Fabrice Tourre liable for misleading investors in a mortgage-linked deal that collapsed during the financial crisis, delivering a historic win for a U.S. regulator eager to prove its mettle inside the courtroom. The panel of nine jurors reached their verdict during the second day of deliberations, finding Mr. Tourre liable on six of seven claims that he violated federal securities law. "It was a long, slow process," said juror Beth Glover, a 47-year-old Episcopal priest, after the verdict. The victory is an important one for the Securities and...

The cost of inaction is too high. On Tuesday, I unveiled a new national plan to confront climate change. It's a plan that will reduce carbon pollution to prevent the worst effects of climate change, prepare our country for the effects we can't stop, and lead the world in combating the growing threat of a changing climate. ... This plan will cut the dangerous carbon pollution that contributes to climate change. ... We will be judged as a people, as a society, and as a country by where we go from here. The plan I put forward to reduce carbon...

Global stocks may have been on a wild ride of late, but the world's biggest investment bank has told investors they should see rising U.S. Treasury yields as positive and should continue to buy equities.

Goldman Sachs recently confronted Bloomberg LP after learning that reporters for the business news service have been using the company’s terminals to monitor employees of the Wall Street bank, Mark Decambre of The New York Post reports. Specifically, Goldman officials learned that Bloomberg staffers could determine not only which of its employees had logged into Bloomberg’s proprietary terminals but also how many times they had used particular functions, sources told The Post. Form The Post: "In one instance, a Bloomberg reporter asked a Goldman executive if a partner at the bank had recently left the firm — noting casually that...

I had the opportunity this afternoon to connect with Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital. It was a fascinating conversation, which took place while gold was absolutely collapsing. During the interview, Peter explained that today’s sell-off, triggered by a Goldman Sachs sell recommendation was based on the “false idea” of European Central Bank gold sales hitting the market. Instead he explained, gold is preparing its move “from weak hands to strong hands”, before heading to new all-time highs. When asked his thoughts on the complete panic in the market this afternoon, Peter commented that, ”Gold...

Why Are The Banksters Telling Us To Sell Our Gold When They Are Hoarding Gold Like Crazy? By Michael, on April 10th, 2013 The big banks are breathlessly proclaiming that now is the time to sell your gold. They are warning that we have now entered a "bear market" for gold and that the price of gold will continue to decline for the rest of the year. So should we believe them? Well, their warnings might be more credible if the central banks of the world were not hoarding gold like crazy. During 2012, central bank gold buying was...

Chelsea Clinton, the daughter of former President Bill Clinton and former secretary of State Hillary Clinton, might make it a political trifecta for the Clinton dynasty. The former first daughter who currently works as a "special correspondent" with NBC, told that station in an interview on Monday that if she feels at some point in her life that she could make an impact on America, she would consider running for political office. "Right now, I'm grateful to live in a city and a state and a country where I strongly support my mayor, my governor, my president and my senators...

Chelsea Clinton and her husband, Marc Mezvinsky, are in contract to buy a $10.5 million apartment in The Whitman, at 21 East 26th St. Come June, NoMad residents will be keeping up with the Clintons. Chelsea Clinton and her husband, Marc Mezvinsky, are buying a sleek, $10.5 million apartment overlooking Madison Square Park, sources said. The Whitman, first built in 1924, is near the couple's current place, a rented loft in Gramercy Park. The 5,000-square-foot pad, in The Whitman at 21 E. 26th St., is just a few blocks from the couple's rented Gramercy Park loft. Sources said staying nearby...

U.S. President Barack Obama has selected a partner at the investment firm of Goldman Sachs in Chicago to be the new U.S. ambassador to Canada, CBC News has learned. Sources tell CBC News Network's Power & Politics that Bruce Heyman has accepted the job but still has to pass a vetting process in order to be be formally nominated. His confirmation will be up to the U.S. Congress. If he is approved, Heyman would replace David Jacobson, who has held the position since 2009. Jacobson is also from Chicago. Well known as a high-level fundraiser to Barack Obama, Heyman and...

Goldman Sachs Group Inc is cooperating with a U.S. Securities and Exchange Commission probe into insider options trading in H.J. Heinz Co before the food company announced it was being acquired, Goldman said on Friday.

Does a shadowy group of obscenely wealthy elitists control the world? Do men and women with enormous amounts of money really run the world from behind the scenes? The answer might surprise you. Most of us tend to think of money as a convenient way to conduct transactions, but the truth is that it also represents power and control. And today we live in a neo-fuedalist system in which the super rich pull all the strings. When I am talking about the ultra-wealthy, I am not just talking about people that have a few million dollars. As you will see...

The Russian government says it aims to raise its sovereign credit rating this year to an A, where top countries are rated AAA and the lowest are D, and has called in Goldman Sachs to help improve its image to investors around the world. ... "Russia is an open country, safe, we are part of the global economy and global political processes," Medvedev said.

Why does it seem like wherever there is human suffering, some giant bank is making money off of it? According to a new report from the World Development Movement, Goldman Sachs made about 400 million dollars betting on food prices last year. Overall, 2012 was quite a banner year for Goldman Sachs. As I reported in a previous article, revenues for Goldman increased by about 30 percent in 2012 and the price of Goldman stock has risen by more than 40 percent over the past 12 months. It is estimated that the average banker at Goldman brought in a...

Goldman Sachs And The Big Hedge Funds Are Pushing Leverage To Ridiculous Extremes By Michael, on January 14th, 2013 As stocks have risen in recent years, the big hedge funds and the "too big to fail" banks have used borrowed money to make absolutely enormous profits. But when you use debt to potentially multiply your profits, you also create the possibility that your losses will be multiplied if the markets turn against you. When the next stock market crash happens, and the gigantic pyramid of risk, debt and leverage on Wall Street comes tumbling down, will highly leveraged banks...

The U.S. Senate voted 89-8 to approve legislation to avoid the fiscal cliff despite having only 3 minutes to read the 154-page bill and budget score. Multiple Senate sources have confirmed to CNSNews.com that senators received the bill at approximately 1:36 AM on Jan. 1, 2013—a mere three minutes before they voted to approve it at 1:39 AM. …

In Case You Haven't Realized, Goldman Sachs Is Predicting A Major Economic Turn To Happen In 2013 Joe WeisenthalDecember 8, 2012Goldman Sachs continues to dribble out its 2013 forecasts and top trades. And as the firm peels back more and more, it's clear that the forecast is for major change to the economy. This can be seen across multiple calls, from multiple analysts. It starts with top economist Jan Hatzius, who sees, for the first time since the financial crisis, the economy accelerating to above-trend growth in the second half of next year. The call is based on an expectation...

As CEOs concluded their meeting with President Barack Obama Wednesday evening, the White House deployed three uniformed Secret Service officers to keep the awaiting reporters from speaking with the group, among them Goldman Sachs CEO Lloyd Blankfein.

Stocks shook off their post-election slump Monday, in part because of optimism that the president and Congress will reach a compromise on the nation's budget by the end of the year. If they don't, there will be automatic tax increases and huge cuts in federal spending -- that so-called fiscal cliff. It's a time bomb, according to Lloyd Blankfein, chairman and CEO of Goldman Sachs, and one of the world's most influential bankers. His message to Washington? Make a deal.

Poor management decisions by MF Global's former CEO Jon Corzine triggered the brokerage firm's collapse, while lax protections for customer funds contributed to the loss of an estimated $1.6 billion of customer money, U.S. congressional investigators have determined.

Confirming a move that will surprise exactly no one, the firm which is best known in the world for two things: i) arbitraging the gullibility of its clients, and ii) flipflopping faster than anyone when the narrative demands it, the WSJ reports that Goldman Sachs has mutated from Obama's biggest financial backer 4 years ago on Wall Street, to one of the most stingiest firms. "Employees at Goldman donated more than $1 million to Mr. Obama when he first ran for president. This election, they have given the president's campaign $136,000—less than Mr. Obama has collected from employees of the...