Goldman Sachs

The same guy who gave us the Quantitative Easing Explained video, produced this hilarious take on high frequency trading last year. The Terminator is out to stop it! Enjoy.     Source: malekanoms

If you are a corporate CFO, now is the time to issue bonds because interest rates are very low, courtesy of the Federal Reserve. And companies are doing that from IBM, to J&J and Microsoft. These companies don't need the money; they see…

No wonder Goldman has resisted derivatives regulation so fiercely. A huge percentage of the firm's revenue comes from these activities (hat tip R.W.). The Wall Street Journal is reporting that as much as a third of the firm's revenue came…

Goldman Sachs (GS) and the SEC (Securities and Exchange Commission) have announced a settlement of the suit over the Abacus security case which was a civil action charging fraud by Goldman. According to the SEC announcement, which I watched…

Wallace Tuberville writes that if we let Goldman go back to its old ways, no one wins. This post originally appeared at New Deal 2.0. William D. Cohan’s op-ed piece in the July 7th New York Times had the same title as this article, but for…

I expected this (hat tip Scott). Goldman Sachs is hoping to avoid the Securities and Exchange Commission’s charge of fraud by reaching a settlement on a lesser offence and agreeing to a fine of hundreds of millions of dollars, according…

I have written a number of posts which point to a shift in the center of power on Wall Street from the client-facing advisory business to the market-making trading business. I think understanding this shift is vital to understanding what…

On this edition of Peter Lavelle's 'CrossTalk' he asks his three guests including me whether the US Senate hearings humiliating Goldman Sachs are merely a show trial with the aim of watering down global financial reform. Take a look at what…

As I said yesterday,  investment banks are institutions which do fulfil a useful role in society. I would define their role as companies where large institutions and governments receive financial advice and raise capital. Goldman Sachs…

Look back at the prepared testimony that Lloyd Blankfein, Goldman's CEO offered to the US Senate two days ago.  In it he clearly defines what Goldman Sachs public purpose is – what its societal function is.  Are they fulfilling…