Goldman Sachs Comes Before the New Pecora Commission
At this hour, the Senate Permanent Subcommittee on Investigations, headed by Carl Levin, will welcome Goldman Sachs CEO Lloyd Blankfein and trader “Fabulous Fab” Tourre, in a hearing about the...
View ArticleGoldman Sachs Braces for Another Carl Levin Report
The Senate permanent subcommittee on Investigations, chaired by Carl Levin, is about to release another report on Goldman Sachs, specifically targeting what he colloquially called their “shitty deals,”...
View ArticleJustice Department Plans to Subpoena Goldman Sachs for Documents “Within Days”
I mentioned in yesterday’s Roundup that Carl Levin was hopeful of some action by the Justice Department against Goldman Sachs. Levin wrote the report from the Senate Permanent Subcommittee of...
View ArticleGoldman Sachs Plans Offensive Against the Levin Report
I know it’s hard to believe, but Goldman Sachs is in some trouble. They may not ultimately see indictments of their executives or massive forced payouts of a large chunk of their profits. But the...
View ArticleSnapshots of an Era of Bank Greed and No Accountability
JPMorgan Chase CEO Jamie Dimon Why does he still have his job? I thought that, given all the pervasive bank crimes over the last several years, we wouldn’t have a time when the roof appeared to cave in...
View ArticleYesterday Was “Relieve Goldman Sachs of Their Legal Exposure” Day
I mentioned yesterday that Goldman Sachs got a rare “reverse Wells notice” from the SEC, when they were told that a mortgage-backed securities deal which they earlier heard they would face prosecution...
View ArticleLevin Goes After JPMorgan Chase with Subcommittee Investigation
Carl Levin is at it again. His Senate Subcommittee on Permanent Investigations, perhaps the best investigatory panel in Congress, particularly on financial matters, has honed in on JPMorgan Chase and...
View ArticleSenate Report Details Web of Problems with Anti-Terrorism “Fusion Centers”
A disturbing new Senate report highlights anti-terrorism “fusion centers,” which were designed to allow state, local and federal investigators to share information about terrorism. Instead, says the...
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