Paulson Trims Bank of America Stake, Sells Goldman Paulson & Co., the hedge fund run by John Paulson, trimmed positions in Bank of America Corp., Wells Fargo & Co. and Citigroup Inc. in the third quarter and sold off Goldman Sachs Group Inc. as regulatory changes and disputes over faulty mortgages threatened to hurt bank [...]
Tag Archives: Goldman
Blankfein says Goldman didn’t bet against clients
Blankfein says Goldman didn’t bet against clients Goldman Sachs Group Inc chief executive Lloyd Blankfein, in written testimony prepared for a Senate hearing on Tuesday, said his firm did not have a “massive short” against the housing market and “certainly did not bet against our clients. Read more on Reuters via Yahoo! News
Goldman emails boast of subprime short profits
Goldman emails boast of subprime short profits Goldman Sachs officials discussed making “serious money” in 2007 off the subprime crisis as mortgages were starting to falter in rapid numbers, according to a collection of emails released by a Senate panel on Saturday. Read more on Australian Broadcasting Corporation
Goldman officials lauded subprime profits
Goldman officials lauded subprime profits Goldman Sachs officials discussed making “serious money” in 2007 off the subprime crisis as mortgages were starting to falter in rapid numbers, according to a collection of e-mails released by a US Senate panel today. Read more on The Irish Times
SEC Charges Goldman Sachs With Fraud in Structuring and Marketing of CDO Tied to Subprime Mortgages
SEC Charges Goldman Sachs With Fraud in Structuring and Marketing of CDO Tied to Subprime Mortgages Washington, D.C., April 16, 2010 — The Securities and Exchange Commission today charged Goldman, Sachs & Co. and one of its vice presidents for defrauding investors by misstating and omitting key facts about a financial product tied to subprime [...]
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SEC charges Goldman Sachs with fraud on CDO’s tied to subprime mortgages
SEC charges Goldman Sachs with fraud on CDO’s tied to subprime mortgages Aristide Economopoulos/The Star-LedgerThe Goldman Sachs Tower, the tallest in New Jersey, has 42 floors and is located in Jersey City on the Hudson River, photo taken November 28, 2007. The Securities and Exchange Commission charged Goldman Sachs and one of… Read more on [...]