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pardoning the bankers

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Wall Street

William Cohan makes an impassioned plea for a pardon on behalf of a former Goldman Sachs executive.  The problem, as you can see from the comments, is that nobody has much sympathy for someone who committed a crime, served four months in jail and then retired to his home in the wealthy suburb of Rye, [...]

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The Great American Bubble Machine

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Wall Street

Matt Taibbi on how Goldman Sachs has engineered every major market manipulation since the Great Depression:  The Great American Bubble Machine : Rolling Stone. Absolutely brilliant. It’s hard to understand why more people don’t get it – the problem is not whether the Democrats or Republicans are in charge of the government.  The problem is [...]

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Goldman Sachs on pace for record bonuses

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Wall Street

Guess that bailout really paid off!  Sure glad we managed to save Goldman from having a non-record-bonus year. via Goldman Sachs on pace for record bonuses: report | U.S. | Reuters.

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