Goldman Sachs Group Inc. (GS) - NYSE
  • Apr. 23, 2010, 2:55 PM

    The Goldman (GS) case is weak? Oh, no it's not, Barry Ritholtz says. "Parts of the case are a slam dunk. The claim Paulson & Co. were long $200M when they were actually short is a material misrepresentation - that’s Rule 10b-5, and it's a no-brainer." Plus, Robert Khuzami is a "bad-ass, no-nonsense, thorough, award-winning prosecutor."

    | Apr. 23, 2010, 2:55 PM
  • Apr. 23, 2010, 2:46 PM

    A former Moody's (MCO) analyst tells a Senate committee that his firm was not aware that the Goldman (GS) Abacus product was in part created by the Paulson hedge fund that also was betting against it. The inquiry sheds light on rating firms that the panel chairman says were too influenced by Wall Street firms and "they did it for the money."

    | Apr. 23, 2010, 2:46 PM | 6 Comments
  • Apr. 23, 2010, 1:42 PM
    More on the Greece/speculators watch: Goldman Sachs' (GS) Charles Himmelberg reiterates a call to buy long credit-default swaps on local banks in Portugal, Spain and Italy.
    | Apr. 23, 2010, 1:42 PM | 2 Comments
  • Apr. 23, 2010, 12:14 PM

    Warren Buffett is comfortable with Goldman Sachs (GS) and "not concerned with the investment at all," says Berkshire Hathaway (BRK.A) director Thomas Murphy - an endorsement that Ravi Nagarajan says in the current environment may be "priceless."

    | Apr. 23, 2010, 12:14 PM | 1 Comment
  • Apr. 23, 2010, 9:54 AM

    Goldman (GS) is taking a risk in not simply cutting its losses rather than trying to fight the SEC, securities law professors say. Goldman probably will lose the typical first hurdle in court - a motion to throw out the suit because it lacks legal merit - and then the risks will mount and its negotiating position will weaken.

    | Apr. 23, 2010, 9:54 AM | 1 Comment
  • Apr. 23, 2010, 9:48 AM
    The one thing Obama forgot when making his case for increased financial regulation yesterday: To return "all those bags of dirty money he received on the campaign trail in 2008 from Goldman Sachs (GS) and other Wall Street firms whose greedy ways he claims led the nation’s economy into the Great Recession."
    | Apr. 23, 2010, 9:48 AM | 6 Comments
  • Apr. 23, 2010, 8:12 AM
    More shady dealings from Goldman (GS)? Sources say a Goldman director tipped off Raj Rajaratnam about Berkshire's (BRK.A) $5B investment before the deal was made public, and that Goldman served as both an underwriter and an investor in Lloyds' (LYG) major refinancing deal last year.
    | Apr. 23, 2010, 8:12 AM | 1 Comment
  • Apr. 22, 2010, 2:36 PM

    Proposed derivatives reform legislation still includes lots of exemptions and loopholes, Dave Callaway maintains. Firms like Goldman (GS) would be able to register as other entities - airlines, manufacturers, pension consultants - and continue to trade derivatives to their heart's content.

    | Apr. 22, 2010, 2:36 PM | 3 Comments
  • Apr. 22, 2010, 1:46 PM
    FT reports that Lloyd Blankfein (GS) made a series of calls to clients yesterday to defend the firm from what he sees as politically-motivated charges that ultimately would "hurt America." Blankfein told one person that a female staffer at ACA knew Paulson intended to bet against the transaction, which would contradict SEC charges.
    | Apr. 22, 2010, 1:46 PM | 6 Comments
  • Apr. 22, 2010, 1:33 PM
    Blackstone (BX) is sticking with Goldman Sachs (GS) as CEO Stephen Schwarzman says he hasn't doubted the firm's ethics in 40 years of working with them: "We’re a major client of Goldman’s and will continue to be a major client of Goldman’s."
    | Apr. 22, 2010, 1:33 PM | 5 Comments
  • Apr. 22, 2010, 11:54 AM
    Obama speaks on financial reform (live), with Lloyd Blankfein (GS) in the house.
    | Apr. 22, 2010, 11:54 AM | 1 Comment
  • Apr. 22, 2010, 9:41 AM
    The most contemptible part of the government's efforts to solve the crisis is that "they haven't solved anything. They've just postponed it," Marc Faber says. Also this on Goldman (GS): "I think Goldman Sachs is a very honest firm. They have a very strict compliance department compared to the others... But [the government] targeted Goldman as it stands as a symbol of Wall Street."
    | Apr. 22, 2010, 9:41 AM | 2 Comments
  • Apr. 21, 2010, 6:40 PM

    Seventy-nine percent of investors say it's likely Goldman Sachs (GS) committed fraud - but only 39% of Americans believe the government's investigation of Goldman is based on a legitimate concern about fraud. (Rasmussen)

    | Apr. 21, 2010, 6:40 PM | 13 Comments
  • Apr. 21, 2010, 6:10 PM

    Former SEC chairman Harvey Pitt says the agency runs the risk of blowing its waning credibility with the Goldman (GS) case. "The problem with litigation is losing," he says, but based on reports of dissension and political splits, "its reward may prove ephemeral" even if the SEC prevails.

    | Apr. 21, 2010, 6:10 PM | 5 Comments
  • Apr. 21, 2010, 5:11 PM

    Lloyd Blankfein will testify before a Senate panel next week, ostensibly to discuss Goldman's (GS) role in the subprime mortgage crisis, but is certain to be questioned on the SEC case. Fabrice Tourre also has agreed to testify.

    | Apr. 21, 2010, 5:11 PM
  • Apr. 21, 2010, 3:37 PM
    "We are not Johnny-come-latelies to this issue," Obama tells CNBC as he denies any connection between his push for financial reform and the SEC's action against Goldman Sachs (GS). Rep. Darrell Issa, for one, disagrees, saying the suit "reeks" of political motivation.
    | Apr. 21, 2010, 3:37 PM | 10 Comments
Company Description
The Goldman Sachs Group, Inc. is global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. The... More
Sector: Financial
Industry: Diversified Investments
Country: United States