Goldman Sachs Links and News - November 4, 2009

Goldman's Debt Goldmine
Wall Street Journal
By PETER EAVIS All banks benefit from the Federal Reserve's zero-interest-rate policy, but Goldman Sachs appears to be benefiting more than most. ...

Commentary: Goldman Sachs saga shows unregulated market is a ...
So-called sophisticated investors. Purchase of favorable ratings on investments. Cayman Islands for escape from federal regulation. Bets on a housing collapse. Trolling for suckers. If anyone thinks our financial industry doesn't need ...

Low Road to High Finance: McClatchy Expose Reveals How Goldman ...
By mail@democracynow.org (Democracy Now!)
A five-month investigation by McClatchy Newspapers has revealed that Goldman Sachs made secret bets against the housing market while simultaneously selling off billions in soon-to-be worthless securities. In 2006 and 2007, ...

CompliancEX: How Goldman Sachs secretly bet on the housing crash
By Jack Kelly
Greg Gordon, Charlotte Observer, Nov. 01, 2009 WASHINGTON In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200000 risky home mortgages, but never told the buyers it was secretly ...

Why did blue-chip Goldman Sachs take a walk on subprime's wild ...
By Steve Bartin
McClatchy reports:Goldman Sachs was one of the last Wall Street giants to enter the subprime lending world, but when it did, it quickly climbed into bed with profligate, highflying firms — companies such as New Century Financial Corp.

A brief history of Goldman Sachs heads
Reuters Blogs (blog)
With Jon Corzine losing the governorship of New Jersey yesterday, it was yet another bad day for former heads of Goldman Sachs. It's worth running down the ...

Buffett joins Goldman's Fannie tax credit bid: WSJ
MarketWatch
B) has teamed with Goldman Sachs (NYSE:GS) in the investment bank's attempt to buy $3 billion of tax credits from taxpayer-owned mortgage firm Fannie Mae ...

GOLDMAN SACHS LOSES GOVERNORSHIP OF NJ | Stock Picks and ...
By The Fly
An egregious loss by old Goldman Sachs Group, Inc. (GS: 171.61 +0.54%) . Now the good folks from NJ can get back to lower taxes, more spending a more borrowing from China, instead of higher taxes, more spending and marginally less ...

Goldman got cozy with loan star that crashed and burned
Kansas City Star
By GREG GORDON Goldman Sachs was one of the last Wall Street giants to enter the subprime lending world, but when it did, it quickly climbed into bed with ...

Wall Street and Goldman Sachs Party On | The LA Progressive
By Joseph Palermo
It's ironic that all we hear on FOX News and right-wing talk radio is how socialistic the Obama Administration is when in reality the way the administration has handled the Wall Street crisis is anything but socialistic.

Goldman Sachs & AIG, What A Tangled Hedge They Weave - Home - The ...
By DailyBail
The Bailout News Central Depository. We're Keeping Tabs On The Heist. All the bailout news, opinions, interviews, analysis, comedy, songs and videos, in one location every day.

Goldman Sachs: Our Pumpin' Dumpin' Repo-Man! | Rutabaga ...
By Rutabaga Ridgepole
You might think that a Wall Street giant like Goldman Sachs, which has been reporting profits of about $1 billion per month for the last six months, wouldn't waste the time and talent of its fantastically well-remunerated employees on a ...

Goldman Sachs exotic housing bet; was it illegal ? | zero hedge
By Cheeky Bastard
Much speculation was done over the past year about the nature of the hedges Goldman Sachs has done in the housing securities. While there was no certain proof of Goldman Sachs misleading its investors many believed, among them ZeroHedge ...