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Keyword: goldmansachs

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  • Guess which President has raked in the most Wall Street bucks ?

    10/10/2011 12:28:34 PM PDT · by NoLibZone · 13 replies ^ | 10 10 2011 | Ed Morrissey
    While the professional Left trashes Wall Street, they might want to consider how their current President got elected.  The Sunlight Foundation reports that Barack Obama didn’t just win the Wall Street sweepstakes in 2008 over John McCain — he’s done better at getting Wall Street cash than any other President in the last 20 years: Despite his rhetorical attacks on Wall Street, a study by the Sunlight Foundation’s Influence Project shows that President Barack Obama has received more money from Wall Street than any other politician over the past 20 years, including former President George W. Bush.In 2008, Wall Street’s largesse accounted for...
  • Goldman Sachs: US crude prices at $109 in 2012

    10/04/2011 5:09:06 PM PDT · by Recon Dad · 16 replies
    Fuel Fix ^ | 10/4/11 | Brett Clanton
    U.S. crude oil futures will hit $109 a barrel in 2012 as new pipelines, rail lines and other infrastructure help relieve bottlenecks at a central gathering hub in Oklahoma and carry more oil from Canada and the northern U.S. to refiners on the Gulf Coast and elsewhere, according to a Goldman Sachs forecast. The prediction represents a drop from the investment bank’s previous forecast of $123.50 a barrel and reflects the increasingly anxious outlook for the global economic recovery. The bank also trimmed its 2012 Brent price estimate to $120 a barrel from $130 amid growing fears of a European...
  • Occupy Wall Street is Wall Street. Occupy Wall Street Is Obama And Wrong For America.

    10/03/2011 5:32:32 PM PDT · by PalinCain2012 · 22 replies
    Unite And State ^ | October 3 2011 | Mayer Abbey
    The Occupy Wall Street group at first glance seemed sensible and I even admired their ability to organize and promote their message. I assumed that their agenda was based on an anti corporate socialist system that has been unfair, corrupt and overly leveraged to prop up the wealthy institutions. I believe that we need to let the "too big to fail" fail. I believe that we cannot continually prop up the banks. I thought I was on the same page as the Occupy Wall Street group and it is easy to be deceived. Their message is a blurry message as...
  • Goldman's Jim O'Neill: 'What Is The Matter With Everyone?'

    10/03/2011 6:25:50 AM PDT · by TigerLikesRooster · 10 replies
    TBI ^ | 10/02/11 | Sam Ro
    Goldman's Jim O'Neill: 'What Is The Matter With Everyone?' Sam Ro That's the question Jim O'Neill poses in his weekly letter, which is sarcastically titled Let's Worry About Everything. O'Neill, who is the reason why we say BRICs, argues that last week's economic and corporate news was "benign" and that the market selloff seemed uncalled for: Judging by the price action, market participants seem to be increasingly convinced of imminent recessions in Europe and the US as well as a prolonged period of “Japanisation,” in which positive GDP growth struggles to keep ahead of a weaker underlying growth trend. If...
  • Obama filling more slots with globalism activists

    10/02/2011 1:11:38 PM PDT · by opentalk · 19 replies
    WND ^ | October 1, 2011 | Aaron Klein
    The newly appointed chief of President Obama's Social Innovation and Civic Participation Council is a member of a globalist organization whose activists can be found throughout the Obama administration. Jonathan Greenblatt was appointed the new head of Obama's Social Innovation Unit earlier this month.... WND reported last week that until his appointment to the Obama administration, Greenblatt served as the director of a social justice group funded by George Soros. ..Now it has emerged that Greenblatt is a member of the globalist group Pacific Council on International Policy, or PCIP. He previously chaired PCIP's energy and environment committee and served...
  • Government "Venture Capital" vs. Private Venture Capital

    10/01/2011 11:44:27 AM PDT · by moneyrunner · 14 replies
    The Virginian ^ | 10/1/2011 | Moneyrunner
    Megan McArdle writes in the Atlantic about the difference between government venture capital and private venture capital. By far the biggest difference is not even mentioned. There is a dramatic and critical difference between government loan guarantees and private venture capital (PVC). The PVC investor expects to make a bundle from his investment, typically by getting an equity stake and cashing out when the successful firm goes public. That’s the best case scenario for PVC. If the company fails, they’re out their seed capital. When the government gets into the venture capital business, risking your money and mine, what’s the...
  • World is heading for 'Great Stagnation', says Goldman (new talking point)

    10/01/2011 4:13:07 AM PDT · by TigerLikesRooster · 26 replies
    Telegraph ^ | 09/30/11 | Angela Monaghan
    World is heading for 'Great Stagnation', says Goldman There is a growing risk that the global economy will move from the 'Great Recession' into the 'Great Stagnation', according to economists at Goldman Sachs. By Angela Monaghan, Economics Correspondent 1:18PM BST 30 Sep 2011 Stagnations typically mean long periods of sluggish growth of about 0.5pc, low inflation, rising and sticky unemployment, stagnant house prices, and lower returns on shares, they said. There is a 40pc chance of the current situation developing into a period of stagnation among developed economies, Goldman calculated. "Trends in Europe and the US are so far still...
  • Just One Day Left To Avoid Government Shutdown. Goldman Sach's take on what will happen tonight

    09/22/2011 8:59:16 AM PDT · by SeekAndFind · 4 replies
    Zero Hedge ^ | 09/22/2011 | Tyler Durden
    Today at some point, the House votes (again) on a continuing resolution to fund government past Sept. 30. Will it fail to reach an agreement as it did yesterday, with just a day before yet another break which will likely mean no more votes until the actual shutdown? Goldman explains what to expect from the events this afternoon/evening. From Goldman's Alec Phillips _________________________________________________ Yesterday’s failed vote in the House has led to headlines raising the possibility of a government shutdown, but this seems unlikely. The new fiscal year starts Oct. 1 and Congress has yet to enact any of the...
  • Goldman Sachs to offer $25M to Chicago businesses (Rahmbo-pay to play clicking along)

    09/13/2011 2:23:44 PM PDT · by STARWISE · 8 replies
    Chicago Tribune ^ | 9-13-11 | Wailin Wong
    Goldman Sachs is funneling $25 million in loans and educational grants to Chicago-area small businesses, Mayor Rahm Emanuel announced Tuesday. The investment bank launched its 10,000 Small Businesses initiative in 2009, committing $500 million to provide education, access to capital and business support services to entrepreneurs. The initiative is already running in Houston, Los Angeles, New York, New Orleans and Long Beach, Calif.
  • Goldman Sachs Justifies The Need For More QE3, And Even More Record Wall Street Bonuses

    09/03/2011 7:25:42 AM PDT · by SeekAndFind · 7 replies
    Zero Hedge ^ | 09/02/2011 | Tyler Durden
    We end this busy day of economic buffoonery with Goldman's scorecard for August ("the US economy has not fallen off a cliff", which we translate as a B+, and "far better than expected"), which in turn explains why Goldman, and everyone else, now assumes QE3 (yes, Op Twist is QE3; get over it) is not only a given, but why in Goldman's esteemed opinion, the Fed has at least 3 rationales for pushing for more QEasing. Incidentally, these are as follows: "First, unemployment is far above the Fed’s long-term forecast in the low 5% range; the longer high unemployment...
  • New plan: Let’s sue all the banks! (in response to the damage they did to Fannie and Freddie)

    09/02/2011 7:53:33 AM PDT · by SeekAndFind · 38 replies
    Hotair ^ | 09/02/2011 | Jazz Shaw
    Dear Banks, Remember all of that bailout money you received? Sure hope you saved some of it. US authorities are preparing to sue more than a dozen big banks over claims they misrepresented the quality of mortgages sold during the 2006-7 housing bubble.The US Federal Housing Finance Agency (FHFA), which is overseeing the remains of failed mortgage giants Fannie Mae and Freddie Mac, is reportedly planning to argue that America’s biggest banks failed to check the health of mortgages before they sold them on to investors. The collapse of hundreds of thousands of sub-prime mortgages triggered the 2008 credit crisis...
  • U.S. to sue big banks for billions over mortgage crisis

    09/02/2011 2:28:25 AM PDT · by markomalley · 33 replies
    The Telegraph ^ | 02 Sep 2011
    Bank of America, JPMorgan Chase, Deutsche Bank and Goldman Sachs are among those expected to be named in the lawsuit. The agency that oversees U.S. mortgage markets is preparing to file suit against more than a dozen big banks, accusing them of misrepresenting the quality of mortgages they packaged and sold during the housing bubble, The New York Times reported on Thursday. The Federal Housing Finance Agency, which oversees mortgage giants Fannie Mae and Freddie Mac, is expected to file suit against Bank of America, JPMorgan Chase, Goldman Sachs and Deutsche Bank, among other banks, the Times reported, citing three...
  • U.S. Set To Sue Big Banks Over Bad Mortgages

    09/01/2011 9:23:39 PM PDT · by Steelfish · 23 replies
    MSNBC ^ | September 01, 2011 | NELSON D. SCHWARTZ
    U.S. Set To Sue Big Banks Over Bad Mortgages Agency says B of A, JPMorgan Chase, Goldman Sachs, others misrepresented securities By NELSON D. SCHWARTZ The federal agency that oversees the mortgage giants Fannie Mae and Freddie Mac is set to file suits against more than a dozen big banks, accusing them of misrepresenting the quality of mortgage securities they assembled and sold at the height of the housing bubble, and seeking billions of dollars in compensation. The Federal Housing Finance Agency suits, which are expected to be filed in the coming days in federal court, are aimed at Bank...
  • Even Goldman Sachs Secretly Believes That An Economic Collapse Is Coming

    09/01/2011 9:01:59 PM PDT · by blam · 29 replies
    TEC ^ | 9-1-2011
    Even Goldman Sachs Secretly Believes That An Economic Collapse Is ComingSeptember 1, 2011 Even Goldman Sachs is doing it again. Goldman is telling the public that everything is going to be just fine, but meanwhile they are advising their top clients to bet on a huge financial collapse. On August 16th, a 54 page report authored by Goldman strategist Alan Brazil was distributed to institutional clients. The general public was not intended to see this report. Fortunately, some folks over at the Wall Street Journal got their hands on a copy and they have filled us in on some of...
  • Former Wall Street Obama Backers Switch to Romney (Big wigs and power brokers for Romney)

    08/24/2011 4:40:59 AM PDT · by Halfmanhalfamazing · 28 replies
    The Blaze ^ | August 23rd | Jessie Abrams
    A large group of 2008 Barack Obama supporters are now banking on Mitt Romney for the upcoming presidential election. That’s according to a report from Fox News that says a shift in Wall Street support could mean as much as a $150,000 boost for Romney’s campaign. “I think Romney could at least split Wall Street with Obama, which is something McCain really didn’t do,” said Charlie Gasparino, a reporter for Fox Business News. None of the expected bank presidents showed up to a recent fundraiser for President Obama, he added.
  • Why Goldman's CEO Lloyd Blankfein hired a criminal defense lawyer

    08/23/2011 6:48:13 AM PDT · by SeekAndFind · 8 replies
    New York Post ^ | 08/23/2011 | John Crudelle
    What’s Lloyd Blankfein afraid of? You can pick any number of things that could have caused the chairman and CEO of Goldman Sachs to go out and hire an expensive criminal defense attorney, but his most pressing concern has to be a guy named Rajat Gupta. Gupta was a friend of Raj Rajaratnam, the founder of Galleon Group who is going to jail for insider trading. Gupta was also an esteemed member of Goldman’s board of directors and would have been aware of anything important that was occurring at Goldman Sachs. Phone conversations with Gupta that came up during Raj’s...
  • Exclusive: Goldman CEO hires high-profile attorney

    08/22/2011 2:38:27 PM PDT · by mojito · 18 replies
    Reuters ^ | 8/22/2011 | Andrea Shalal-Esa
    Goldman Sachs Chief Executive Lloyd Blankfein has hired Reid Weingarten, a high-profile Washington defense attorney whose past clients include a former Enron accounting officer, according to a government source familiar with the matter. Blankfein, 56, is in his sixth year at the helm of the largest U.S. investment bank, which has spent two years dodging accusations of conflicts of interest and fraud. The move to retain Weingarten comes as investigations of Goldman and its role in the 2007-2009 financial crisis continue. The U.S. Securities and Exchange Commission scored a $550 million settlement against the bank in a fraud lawsuit in...

    08/10/2011 10:40:30 AM PDT · by SeekAndFind · 24 replies
    Business Insider ^ | 08/10/2011 | Courtney Comstock
    JP Morgan Chase CEO, Jamie Dimon just gave a very optimistic speech on CNBC. He refuted rumors that the S&P downgrade will make it harder for banks like JPMorgan to make money on CNBC right now. "The S&P downgrade is just an opinion," he says. The market leaders he knows don't use the S&P to make their decisions, he says. He also added, "The U.S. needs to show fiscal discipline." But he says, "I'm hopeful that we'll" start to do that soon. Then he brought out the good ol' American spirit. "I think we need America to do what America...
  • Goldman Sachs Goes Short The US Dollar On QE3

    08/10/2011 8:18:29 AM PDT · by SeekAndFind · 3 replies
    Zero Hedge ^ | 08/10/2011 | Tyler Durden
    Yesterday Goldman finally made it clear that Bill Dudley's marching orders are given: QE3 or no soup for you. Well, it didn't take long for the order from top to hit Goldman's FX desk, which has just issued this logical note: "Going short the USD on additional Fed easing." Odd, no easing has yet been announced, and according to so many none will come. But Goldman said so. So it must be. From Thomas Stolper: We have long argued that structural imbalances in the US will lead to more Dollar weakness. There are two main transmission channels: First, the current...
  • vs. Goldman Sachs: A True David & Goliath Story

    08/01/2011 2:44:06 PM PDT · by mgist · 9 replies ^ | 2011 | Patrick ByrneChairman and CEO of Overstock
    For six years has waged a war to expose Wall Street mischief. We did not go looking for a fight, but our company was attacked, and we learned we were not alone: the same manipulation-for-profit tools that Wall Street had deployed against us had also been deployed against many American companies, harming job creation, innovation, and economic growth. We knew that if left unchecked and unexposed, Wall Street's games could ultimately damage U.S. capital markets. So in 2005 and 2007 we filed two lawsuits. The first case was against a hedge fund (Rocker Partners) and hatchet-job-for-hire research team (Gradient...