law

I haven't been writing about the foreclosure documentation crisis because I have been more focused on the 'currency war'. But I want to flag  three posts I wrote about this time last year on the mortgage and securitization market…

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…

Let's re-visit one of the more salacious stories to hit the papers in the post-Bernie Madoff era. I'm talking about the story of Lenny 'Nails' Dykstra, the former all-star baseball player turned stock picker made by TheStreet.com's Jim…

By John Lounsbury. Here is some astounding news:  BP PLC (BP) has 97% of the most serious safety violations at U.S. refineries over the past 35 months.  In the very top "egregious" category, BP has 99.9% of all…

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…

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…

In 2007, a credit crisis centred in the US subprime market began. It metastasised into a monstrosity of epic proportions that led to the worst and only synchronized global downturn since the Great Depression three-quarters of a century ago.…

Below are the prepared remarks of Goldman's CEO Lloyd Blankfein for his testimony tomorrow before the Senate Subcommittee on Investigations. Fabrice Tourre will also testify. Chairman Levin, Ranking Member Coburn and Members of the…

This is a post by Bill Black and Eliot Spitzer which originally appeared at New Deal 2.0. Bill Black is an associate professor of economics and law at the University of Missouri – Kansas City (UMKC). He was the executive director of the…

"As far as the White House is concerned, it's case closed for Greg Craig's newest legal venture representing Goldman Sachs against the Securities and Exchange Commission. Administration spokesmen brushed aside questions about…