As a headline of an article by The Intercept suggests? A funny thing happened on the road to the White House. A President who had railed against Goldman Sachs and other TBTF and proclaimed, “For too long, a small group in our nation’s capital has reaped the rewards of government while the people have borne… [Read More]
Goldman Sachs aka The Great Vampire Squid Rides Again!
As my friend William D. Cohan said in a recent New York Times post, “nearly eight years after the onset of the financial crisis; its unintended consequences continue to startle and amaze.” The latest in a long saga of TBTF bank settlements, Goldman Sachs, one of the more recent banks to resolve settlements charges for the… [Read More]
The Goldman Sachs Takeover of the Fed!
With the Fed’s latest hiring of Neel Kashkari as President of the Minneapolis Federal Reserve Bank, Goldman Sach’s former executives will now hold 4 of the 5 Fed President’s seats on the very powerful Federal Open Markets Committee, which is responsible for the formulation of U.S. monetary policy. Before discussing concerns about these appointments, it would… [Read More]
The D.O.J gets ready for the next round….lets see if the banks get away…again!
Looks as if the new U.S. Attorney General, Loretta Lynch, is taking over the so called pursuing of bank settlements along the same lines her predecessor Eric Holder did. Let’s hope that this time around the banks are held accountable and investors are finally compensated. The settlements relate to securities backed by residential mortgages that plunged… [Read More]
