World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Goldman Chief Defends Firmâs Actions on Mortgage Deals
Keywords:
Tags:
In the face of relentless questioning Goldman CEO Blankfein, CFO Viniar ,and Mortgage Products VP, Fabrice Tourre, hold tightly to their story that they did nothing wrong. At one point Viniar was asked by Senator Levin of Michigan how he felt about Goldman employees describing the deals by Goldman in sour terms. Viniar replied that it was unfortunate that it showed up in the email. Levin asked Viniar whether he had no qualms about the matter much less about the email. Mostly the four Goldman executives questioned and the senators seemed to be talking past each other, with the senators- Mark Pryor of Arkansas, Kaufman Jr. of Delaware, John Ensign of Nevada, Susan Collins of Maine, Claire McCaskill of Missouri- appearing exasperated that the Goldman witnesses were dodging questions or simply buying time. Senator Pryor compared the whole thing to Vegas casino gambling to which Senator Ensign said that it was more like playing a slot machine while these types from Wall Street were manipulating things in their favor, even Vegas casino were not manipulating the odds while the game was being played.
The SEC, Goldman Sachs and the emails in the Fabrice Tourre mortgage securitization case
04/22/2010
Grouped Articles
The Banker at the Center of the Storm
BusinessWeek 04/22/2010
Goldman's Take-No-Prisoners Attitude
Wall Street Journal 04/26/2010
Investigators Interview Tourre
Wall Street Journal 04/26/2010
Meet the Real Villain of the Financial Crisis
New York Times 04/27/2010
Goldman Chief Defends Firmâs Actions on Mortgage Deals
New York Times 04/27/2010
Economist 04/29/2010
The trader culture of Wall Street and firms like Goldman Sachs that worshipped values that were the opposite of what were handed down by our forefathers for generations.
02/11/2009
Trader Monthly shows these values in its content which glorified a culture of extravagant spending, and a sense of entitlement based on a pugnaciopus culture that felt that it delivered. Except that it was misallocating capital on a massive scale disrupting the delicate workings of the capitalist economy.
Grouped Articles
On Wall St., A Culture of Greed Won't Let Go
New York Times 07/15/2013
Wall Street Journal 07/23/2013
BusinessWeek 04/01/2010
Exit Shows Blankfein Still Rows Goldman
Wall Street Journal 10/22/2013
A Moot Effort to Burnish the Reputation of Goldman Sachs
New York Times 10/23/2013
Goldman Sachs, Buying Redemption
New York Times 10/26/2013
Goldman Sachs, Paulson, and the S.E.C. suit in the Abacus case.
05/04/2009
Paulson had Goldman Sachs structure as ecurity out of handpicked bad apples in the mortgage securities market, Goldman then sells these securities to institutional investors without disclosing what Paulson had done and without disclosing that Paulson had bet heavily against them.
Grouped Articles
BusinessWeek 04/01/2010
New York Times 04/17/2010
Abacus Deal: As Bad as They Come
Wall Street Journal 04/20/2010
Wall Street Journal 04/20/2010
Economist 04/29/2010
SEC Tries to Rebuild Its Reputation
Wall Street Journal 09/12/2013
Goldman Sachs CEO Blankfein.
10/10/2009
Goldman and its CEO continue to be unpopular with a public that is unhappy with the government help to the banks. Large bonuses make the situation even worse.
Grouped Articles
Goldman Bets Less and Takes Hit
Wall Street Journal 07/20/2011
Wall Street Journal 07/23/2013
Senior Executives at Goldman Had a Role in Mortgage Unit
New York Times 04/18/2010
Wall Street Journal 04/20/2010
Exit Shows Blankfein Still Rows Goldman
Wall Street Journal 10/22/2013
A Moot Effort to Burnish the Reputation of Goldman Sachs
New York Times 10/23/2013
Financial engineering at Goldman Sachs
01/09/2010
How Goldman designed financial securties called Abacus to profit from securities if the housing market collapsed.
Grouped Articles
A Moot Effort to Burnish the Reputation of Goldman Sachs
New York Times 10/23/2013
The Other Plot to Wreck America
New York Times 01/10/2010
Wall Street Journal 01/09/2010
Goldman Chief Defends Firmâs Actions on Mortgage Deals
New York Times 04/27/2010
Meet the Real Villain of the Financial Crisis
New York Times 04/27/2010
BusinessWeek 04/22/2010
Public opinion and sentiment in Congress on the Goldman case.
04/22/2010
Senate questioning of Goldman witnesses. The effect on public opinion as the SEC's case against Goldman moves forward.
Grouped Articles
Wall Street Journal 07/23/2013
Goldman Chief Defends Firmâs Actions on Mortgage Deals
New York Times 04/27/2010
New York Times 04/27/2010
Meet the Real Villain of the Financial Crisis
New York Times 04/27/2010
BusinessWeek 04/22/2010
A Message to Wall Street's Fabulous Fabs
BusinessWeek 04/22/2010
Goldman Sach's style and culture and its impact during the financial crisis.
04/27/2010
Linked Articles
Building an Empire, One Goldman Brick at a Time
BusinessWeek 05/13/2010
Goldman Chief Defends Firmâs Actions on Mortgage Deals
New York Times 04/27/2010
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us