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Keyword: goldmansachs

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  • HA! GQ gets pissy with Ted Cruz for ‘ruining rompers for men’

    05/21/2017 5:57:54 PM PDT · by smokingfrog · 124 replies
    Twitchy ^ | 5-19-2017 | Sam J
    Thursday on Twitter, Senator Ted Cruz took part in Free Beacon’s “caption contest” of a hilarious photo of Ben Sasse and Chuck Schumer .. Ted’s tweet broke Twitter and won the caption contest … apparently it also ruined the romper for men (can we get an amen!?) ... They say this like it’s a bad thing. Have you seen the Romphim for men? Seriously, who thought these things were a good idea? GQ apparently. Heh.....
  • Wall Street banker Cohn moving Trump toward moderate policies

    04/16/2017 3:57:39 PM PDT · by Pinkbell · 41 replies
    Reuters ^ | April 16, 2017 | James Oliphant and Svea Herbst-Bayliss
    In a White House marked by infighting, top economic aide Gary Cohn, a Democrat and former Goldman Sachs banker, is muscling aside some of President Donald Trump's hard-right advisers to push more moderate, business-friendly economic policies. Cohn, 56, did not work on Republican Trump's campaign and only got to know him after the November election, but he has emerged as one of the administration's most powerful players in an ascent that rankles conservatives. Trump refers to his director of the National Economic Council (NEC), as "one of my geniuses," according to one source close to Cohn. More than half a...
  • Hillary loved her some Putin

    02/16/2017 7:15:00 PM PST · by Ray76 · 15 replies
    American Thinker ^ | Dec 11, 2016 | John Smith
    Hillary was very engaged with Putin in order to share common ground in world affairs. “I would love it if we could continue to build a more positive relationship with Russia,” Clinton said during a speech to Goldman Sachs on June 4, 2013. In the same speech, Clinton said “obviously we would very much like to have a positive relationship with Russia and we would like to see Putin be less defensive toward a relationship with the United States so that we could work together on some issues.” During a speech to the Jewish United Fund of Metropolitan Chicago on...
  • The Impact of Automation: Goldman Sachs Had 600 Cash Equity Traders In 2000; It Now Has only 2

    02/13/2017 10:04:30 AM PST · by SeekAndFind · 33 replies
    Zero Hedge ^ | 02/13/2017
    For the dramatic impact of technology, and specifically trade automation from algo, quant and robotic trading  on today's capital markets, look no further than Goldman's cash equities trading floor at the firm's headquarters which, according to the MIT Tech Review, employed 600 traders its height back in 2000, buying and selling stocks for Goldman's institutional client clients. Today there are just two equity traders left. Complex trading algorithms, some with machine-learning capabilities, first replaced trades where the price of what’s being sold was easy to determine on the market, including the stocks traded by Goldman’s old 600.Call it the...
  • Out of work: Chelsea Clinton's husband Marc Mezvinsky shut down his hedge fund in December just

    02/08/2017 6:52:59 PM PST · by simpson96 · 85 replies
    U.K. Daily Mail ^ | 2/8/2017 | Chris Spargo
    (Full article title: Out of work: Chelsea Clinton's husband Marc Mezvinsky shut down his hedge fund in December just weeks after Hillary lost election) Marc Mezvinsky quietly shut down his hedge fund Eaglevale Partners back in December. Bloomberg reports that Mr. Chelsea Clinton and his partners are now working to return money to investors, including Goldman Sachs CEO Lloyd C. Blankfein. The decision to shutter the fund came just a few weeks after Mezvinsky's mother-in-law Hillary lost the election to president Donald Trump. Mezvinsky has kept a low profile ever since Hillary's loss in the election, but was photographed by...
  • Gary Cohn’s Goldman Exit Tops $100 Million

    01/25/2017 7:24:50 AM PST · by Uncle Miltie · 3 replies
    The Wall Street Journal (via Yahoo) ^ | January 24, 2017 | Liz Hoffman
    Goldman Sachs Group Inc. said Gary Cohn will receive more than $100 million of stock and cash that would otherwise have been locked up for years as he leaves the Wall Street firm for a role in the Trump administration. Goldman said in a filing Tuesday that it had made available immediately Mr. Cohn’s outstanding stock awards and long-term bonuses accumulated over his 25 years at the bank, many of which he spent as the heir apparent to Chief Executive Lloyd Blankfein. Mr. Cohn received $65 million in cash to cover his potential future bonuses at the bank, according to...
  • Corzine to pay $5M penalty to resolve MF Global case

    01/05/2017 11:32:57 AM PST · by Kid Shelleen · 25 replies
    AP via Philly.com ^ | 01/04/2017 | MARCY GORDON
    Jon Corzine, the former New Jersey governor who led the collapsed brokerage MF Global, has been ordered to pay a $5 million penalty for his role in the firm's alleged illegal use of almost $1 billion in customer funds. A federal court in Manhattan on Thursday granted the order against Corzine to the U.S. Commodity Futures Trading Commission, which brought civil charges against him in 2013. Following the stunning collapse of the big Wall Street firm in late 2011, the CFTC alleged that MF Global misused customer funds in a vain attempt to remain solvent.
  • Trump Picks Another Goldman Sachs Executive

    12/12/2016 11:45:11 AM PST · by VitacoreVision · 26 replies
    The New American ^ | 12 December 2016 | Steve Byas
    “A global power structure that is responsible for the economic decisions that have robbed our working class, stripped our country of its wealth and put that money into the pockets of a handful of large corporations and political entities,” was the wording of a Trump TV commercial late in the presidential campaign, complete with the face of the chief executive of Goldman Sachs, Lloyd Blankfein, on the screen.Yet President-elect Donald Trump has named Blankfein’s friend and associate, the chief operating officer of Goldman Sachs, Gary Cohn, to lead the National Economic Council (NEC), the third Goldman executive tapped for either...
  • Trump offers Gary Cohn key economic post; would add another Goldman vet to admin [tr]

    12/09/2016 8:06:22 AM PST · by GIdget2004 · 12 replies
    CNBC ^ | 12/09/2016 | Jacob Pamuk
    Donald Trump has offered Goldman Sachs executive Gary Cohn a key economic post, which would add another of the firm's veterans to the administration, sources close to Cohn told NBC News. Cohn, the powerful financial firm's president and chief operating officer, has been offered the directorship of the National Economic Council, the sources said. This story is developing.
  • Goldman Sachs poised for return to power in Trump White House

    11/30/2016 3:05:06 PM PST · by SeekAndFind · 38 replies
    Politico ^ | 11/30/2016 | Ben White
    NEW YORK — Government Sachs is returning to Washington. After a decade in the wilderness, Wall Street’s most powerful firm, Goldman Sachs, is dominating the early days of the incoming Trump administration. The newly picked Treasury Secretary, Steven Mnuchin, spent 17 years at Goldman. Trump’s top incoming White House adviser, Steve Bannon, spent his early career at the bank. So did Anthony Scaramucci, one of Trump’s top transition advisers. Goldman’s president, Gary Cohn, spent an hour schmoozing with President-elect Donald Trump on Tuesday and could be up for an administration job, possibly as director of the Office of Management and...
  • Trump considering Goldman Sachs president for top budget post

    11/30/2016 2:25:10 PM PST · by SeekAndFind · 52 replies
    Politico ^ | 11/30/2016 | Ben White and Jake Sherman
    President-elect Donald Trump is considering Goldman Sachs President Gary Cohn for a senior administration job, possibly as director of the Office of Management and Budget, several sources close to the situation said on Wednesday. People familiar with the matter say Cohn's meeting with Trump on Tuesday included talks about a potential job in the new administration, possibly to run OMB, a sprawling office that will handle much of Trump's budget policy after he takes office in January. Cohn, who is friendly with Republicans and Democrats in Washington, is a longtime commodities trader who became Goldman's president and co-chief operating officer...
  • Goldman Sachs Raises S&P 500 Target To 2,400 On "Trump Hope"

    11/30/2016 10:12:02 AM PST · by SeekAndFind · 4 replies
    Zero Hedge ^ | 11/30/2016
    Having warned for nearly all of 2016 that the market is getting ahead of itself on the back of median P/E multiples that are higher than 99% of all historical reading, Goldman chief strategist David Kostin stubbornly kept his year end S&P target at 2,100 on valuation concerns. Today, however, with oil soaring and the S&P at all time highs, he finally threw in the towel as a result of the Trump victory, and in a report Kostin writes that the Trump “Hope” will dominate through 1Q 2017 as S&P 500 climbs by 9% to 2400.  However, at that point,...
  • Steven Mnuchin Is Donald Trump’s Expected Choice for Treasury Secretary

    11/29/2016 2:41:20 PM PST · by SeekAndFind · 71 replies
    New York Times ^ | 11/29/2016 | By BINYAMIN APPELBAUM and MAGGIE HABERMANNOV
    Steven Terner Mnuchin, a financier with deep roots on Wall Street and in Hollywood but no government experience, is expected to be named Donald J. Trump’s Treasury secretary as soon as Wednesday, sources close to the transition say. Mr. Mnuchin, 53, was the national finance chairman for Mr. Trump’s campaign. He began his career at Goldman Sachs, where he became a partner, before creating his own hedge fund, moving to the West Coast and entering the first rank of movie financiers by bankrolling hits like the “X-Men” franchise and “Avatar.” As Treasury secretary, Mr. Mnuchin would play an important role...
  • 3 Reasons Trump Could Put Cruz on the Supreme Court

    11/22/2016 3:21:21 PM PST · by 2ndDivisionVet · 185 replies
    The Fiscal Times ^ | November 22, 2016 | Ciro Scotti
    On the list of surprising visitors calling on president-elect Donald Trump last week, Senator Ted Cruz of Texas ranks right up there with alleged Secretary of State candidate Mitt Romney. While Romney who called Trump a “phony” and talked openly about derailing his candidacy during the campaign had an actual job attached to the meeting with his former nemesis on Saturday, Cruz’s visit was billed as more of a drop-by. It’s true that after the name-calling between Cruz and Trump (who tagged him “Lyin’ Ted’) during the primary campaign; after Trump’s derogatory comments about Cruz’s wife; after Trump’s suggestion that...
  • Ted Cruz Signals Openness To Supreme Court Appointment

    11/18/2016 12:36:53 PM PST · by conservative98 · 115 replies
    DC ^ | 11/18/2016 | Kevin Daley
    Republican Sen. Ted Cruz signaled willingness to fill the late Justice Antonin Scalia’s seat on the U.S. Supreme Court Friday afternoon at a conference of conservative and libertarian lawyers in Washington, D.C. “What I will say is that history is long and can take unexpected paths,” he said in response to an audience question about his filling the vacancy. “I think it is absolutely vital that that seat and every other seat that comes vacant on the court be filled by principled constitutionalists who will be faithful to the law and will check their own policy preferences at the door...
  • Sessions for Attorney General, Cruz as Solicitor General

    11/17/2016 6:16:52 PM PST · by cotton1706 · 29 replies
    Cruz was would make an excellent Solicitor General
  • ["The Nation"] Ted Cruz Would Be a Very Dangerous Attorney General

    11/16/2016 5:31:59 PM PST · by markomalley · 90 replies
    The Nation ^ | 11/16/16 | George Zornick
     enator Ted Cruz surfaced as a possible nominee for US attorney general Tuesday night, following a meeting with President-elect Donald Trump in Manhattan. A Cruz spokeswoman did not confirm nor explicitly deny the reports, telling telling Bloomberg, “Cruz is focused on serving Texans in the Senate. He was there today to offer help in promoting the conservative policies that were campaigned on and that he’s long fought for.” It’s those exact policies that should raise significant alarm about his potential nomination as attorney general. Throughout his failed presidential campaign, Cruz promised to focus law-enforcement efforts on abortion groups, Muslims,...
  • Full Circle – Fox News Report: Trump Considering Cruz for Attorney General Spot?…

    11/16/2016 11:46:44 AM PST · by HarleyLady27 · 104 replies
    The Conservative Tree House ^ | Nov 16, 2016 | Sundance
    A report from Fox News implies President-Elect Donald Trump is considering Texas Senator Ted Cruz for the position of Attorney General. –STORY HERE– Specifically because of his history, it would NOT be surprising to find out that it was Ted Cruz himself, not Donald Trump, who requested the meeting and asked for the job.
  • This Is How Steve Bannon Sees The Entire World

    11/16/2016 3:39:47 AM PST · by CapitalistCrusader · 23 replies
    BuzzFeed ^ | 11/15/2013 | J. Lester Feder
    The soon-to-be White House chief strategist laid out a global vision in a rare 2014 talk, one where he said racism in the far right gets “washed out” and called Vladimir Putin a kleptocrat. BuzzFeed News publishes the complete transcript for the first time.
  • Graham wants Trump to nominate Cruz to Supreme Court

    11/11/2016 6:37:41 PM PST · by kevcol · 191 replies
    The Washington Examiner ^ | November 11, 2016 | Anna Giaritelli
    Sen. Lindsey Graham, R-S.C., recommended on Friday that President-elect Trump nominate fellow former GOP presidential candidate, Sen. Ted Cruz of Texas, to fill the vacant Supreme Court seat. . . . Trump has said he may consider nominating Cruz's Tea Party ally, Utah Sen. Mike Lee, who said he was not interested in the position. Goldberg said the same may be the case for Cruz, adding, "I don't think Cruz" wants the lifetime post.