Category Archives: Wall Street

Who were the suckers buying the Goldman Sachs junk and why?

Posted on April 22, 2010 by Editor

Op-Ed  BatteryPark.TV, April 22, 2010 One of the key defenses used by Goldman Sachs in the SEC fraud case is that sophisticated institutional investors purchased the mortgage derivative product it sold, known as Abacus, and should have known better. “Mom … Continue reading →

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Goldman Sachs left out of another big deal

Posted on March 29, 2010 by Editor

March 29, 2010 Fox Business’ Charlie Gasparino is reporting that the U.S. Treasury has specifically excluded Goldman Sachs from one of the biggest equity deals of all time: the sale of Citigroup stock. Morgan Stanley got the lead underwriting deal. … Continue reading →

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More bad PR for Goldman Sachs

Posted on March 15, 2010 by Editor

March 15, 2010 On March 14, 60 Minutes featured the author Michael Lewis and his new book about the collapse of Wall Street due to the subprime mortgage debacle. The video replay can be found here. In the story, the … Continue reading →

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Update: Did Goldman Sachs have a favorable article placed in the NY Times?

Posted on March 15, 2010 by Editor

March 15, 2010 Perhaps related to our story last week about a freelance article in the NY Times that was conspicuously favorable to Goldman Sachs and the “10,000 Company” promise to lend $500 Million to small business, the NY Times … Continue reading →

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Did Goldman Sachs have a favorable article placed in the NY Times?

Posted on March 11, 2010 by Editor

March 11, 2010 The NY Times printed an article on March 10 that was favorable to Goldman Sachs. Any positive article about Goldman Sachs these days is noteworthy. The story, written by Peter Carbonara, mentioned how Goldman was helping small … Continue reading →

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Goldman Sachs angering its new neighbors

Posted on December 1, 2009 by Editor

December 1, 2009 When it rains it pours. In addition to the horrendous bad publicity that Goldman Sachs has endured on the national scene leading to an apology by the CEO, their new several-billion-dollar skyscraper headquarters being completed in Battery … Continue reading →

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Good news for the NYC economy soon?

Posted on October 14, 2009 by Editor

October 14 It is being reported that Wall Street is expected to pay out the largest total in salaries ever: more than $140 Billion. This will, of course, directly impact the struggling NYC economy. (more…)

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The commercial real estate bubble

Posted on October 11, 2009 by Editor

October 6 The other shoe to drop for New York City will be the massive rate of defaults on commercial real estate loans. Up to a trillion dollars in loans could go unpaid within the next year or two. Will … Continue reading →

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