Lloyd Blankfein

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Stewart Rips Senate on Goldman Grandstanding

'August' chamber uses bad words, but it's all show

(Newser) - If senators are so torn up about Goldman Sachs ripping off consumers, why don't they do something about it instead of whining and airing their "impotent rage" on national TV? In reality, they're too busy "spending every minute kissing the asses of any wrinkled constituent with $20,"...

Blankfein Defends Turf, Is 'Hearing Martian'

Goldman CEO doesn't give ground to Senator Levin

(Newser) - Goldman Sachs CEO Lloyd Blankfein dueled with Sen. Carl Levin as the final witness in today's daylong grilling of company execs. The two went round and round, then round and round again, the same fundamental point without "speaking the same language," writes Frank Ahrens, who's live-blogging the proceedings...

Goldman Sachs Screwed Clients as Bubble Burst

Senate panel will scold execs, reveal evidence in hearing today

(Newser) - Goldman Sachs sold investors a mountain of securitized subprime mortgages throughout the housing boom, but when things started to turn sour, they bet against those assets furiously—sometimes while still selling them, according to documents the Senate Permanent Investigations Subcommittee intends to browbeat the company with today. “They have...

Reid Shows Canny Side on Finance Bill
Reid Shows Canny Side on Finance Bill
OPINION
Apr 27, 2010 6:39 AM CDT

Reid Shows Canny Side on Finance Bill

Wiser from health reform, leader will force votes til it passes

(Newser) - Harry Reid showed that he'd learned a thing or two from health care reform yesterday when he called the Republicans' bluff on financial reform, writes Chris Weigant. The Senate majority leader "is showing real strength, and real leadership" by refusing to water the bill down to please Republicans and...

Blankfein Will Deny Goldman Bet Against Clients
Blankfein Will Deny Goldman Bet Against Clients
TESTIMONY PREVIEW
Apr 26, 2010 6:36 PM CDT

Blankfein Will Deny Goldman Bet Against Clients

Goldman Sachs CEO plans to strike apologetic tone in Senate testimony

(Newser) - The CEO of Goldman Sachs will tell a Senate panel tomorrow he understands Americans' distrust of the bank, but its "functions are important to economic growth and job creation." Lloyd Blankfein's remarks, released ahead of the eagerly awaited hearing, are his most accommodating yet, reports the New York ...

Let's Not Have a World of 'Greed Without Limits'

Goldman case is a referendum on modern America

(Newser) - The case against Goldman Sachs is about far more than the legalities involved, writes Matt Taibbi. It may "turn into a final referendum on the greed-is-good ethos that conquered America sometime in the 80s," he writes in an op-ed for the Guardian . That ethos has been worming its...

Goldman Boasted of 'Serious Money' Amid Crash
Goldman Boasted of 'Serious Money' Amid Crash
internal emails
Apr 24, 2010 1:18 PM CDT

Goldman Boasted of 'Serious Money' Amid Crash

Senate panel releases company correspondence

(Newser) - E-mails released today by a Senate panel show top executives at Goldman Sachs boasting about the money the firm was making as the national housing market collapsed in 2007. The e-mails suggest Goldman benefited from its bets that securities backed by subprime mortgages would lose value, and they seem to...

Lloyd Blankfein: Fraud Case Will 'Hurt America'

Goldman Sachs CEO rails against SEC in call to clients

(Newser) - Lloyd Blankfein called up a host of top Goldman Sachs clients yesterday and told them in no uncertain terms where the SEC could stick its fraud charges. Blankfein complained that the case was politically motivated, and would “hurt America,” one of the clients tells the Financial Times . “...

Critics Rip White House Links to Goldman Sachs

Foes concerned about ties that blind

(Newser) - As the SEC builds its case charging Goldman Sachs with defrauding thousands of consumers, critics continue to hammer at White House links to the firm. Goldman Sachs CEO Lloyd Blankfein met twice with President Obama and twice with economic aide Larry Summers while SEC investigators probed the company. A White...

Goldman Earnings Jump 91%
 Goldman Earnings Jump 91% 
Apr 20, 2010 6:53 AM CDT

Goldman Earnings Jump 91%

Meanwhile, British launch piggyback fraud investigation

(Newser) - Goldman Sachs earnings cruised past analysts' estimates to a whopping 91% gain in the first quarter, which might be great news if it didn't come while the bank is mired in fraud allegations. CEO Lloyd Blankfein seemed almost defensive, noting that the performance “reflects more signs of growth across...

Why Goldman Will Settle&mdash;and Fire Blankfein
Why Goldman Will Settle—and Fire Blankfein
Henry Blodget
Apr 19, 2010 10:31 AM CDT

Why Goldman Will Settle—and Fire Blankfein

With mob calling for blood, prolonged fight would cost too much

(Newser) - Say sayonara to Lloyd Blankfein, who will soon be ex-CEO of Goldman Sachs, predicts Henry Blodget of Business Insider . It's not that Blankfein knew about the shady hedge fund deal that's landed Goldman in trouble with the SEC, it's that “as the universal jubilation and chop-licking that greeted the...

Goldman Probe Could Go Right to the Top

Ex-employees say Blankfein oversaw the target of SEC's suit

(Newser) - Though the SEC's civil suit against Goldman Sachs only names one vice president, it may end up implicating those much, much closer to the top. The New York Times , in interviews with eight former employees, has learned that senior execs—including CEO Lloyd Blankfein—played a major role in overseeing...

Goldman's Lloyd Blankfein Swimming in Hate Mail

Goldman Sachs CEO gets up to 100 letters a day

(Newser) - He and his firm might be doing "God's work," but Lloyd Blankfein and Goldman Sachs still somehow get a lot of hate mail. The CEO has told people that up to 100 such letters come in every day. As a result, insiders tell Fox Business that senior executives...

Shareholders Sue Goldman Sachs for Overpaying Execs

Union seeks to claw back from 'vastly overcompensated' honchos

(Newser) - Shareholders are losing out because Goldman Sachs executives are "unreasonably overpaid," a lawsuit filed by a union pension fund charges. The suit from the International Brotherhood of Electric Workers fund seeks to block Goldman from spending almost half of its net revenue on executive compensation and to recover...

Wall St.'s Top Bonuses Go to No-Names

Lloyd Blankfein's pay looks puny compared to John Stumpf's

(Newser) - In the public imagination, Goldman Sachs gives the biggest bonuses around, but this year CEO Lloyd Blankfein’s $9.6 million payday doesn’t even crack the top 10 in the financial industry. Instead, the top spot is occupied by decidedly less famous Wells Fargo CEO John Stumpf, who pulled...

Obama Is 'Clueless' on Bank Bonuses
 Obama Is 
 'Clueless' 
 on Bank 
 Bonuses 
paul krugman
Feb 10, 2010 1:36 PM CST

Obama Is 'Clueless' on Bank Bonuses

Krugman: Comparison to baseball payouts is outrageous

(Newser) - Paul Krugman is among those seriously ticked off after President Obama declared he doesn't "begrudge" the fat bonuses going to bankers Jamie Dimon and Lloyd Blankfein. "How is it possible, at this late date, for Obama to be this clueless?" Krugman asks in his New York Times blog...

Obama OK With Fat Bonuses for Blankfein, Dimon

Compares bank CEOs to overpaid baseball players

(Newser) - Barack Obama says he’s down with the combined $26 million in bonuses that the CEOs of Goldman Sachs and JPMorgan are getting paid this year. “I know both those guys; they are very savvy businessmen,” Obama tells Bloomberg. “I, like most of the American people, don’...

Goldman Sachs Gives Blankfein $9M Bonus

CEO receives units of stock that can't be sold for 5 years

(Newser) - Lloyd Blankfein's bonus for 2009 is $9 million, Goldman Sachs said today—a nice bump from last year's zero, but a far cry from the $67.9 million the CEO scored in 2007 and from the $100 million he was reportedly expecting. " The firm produced very good results for...

Goldman's Lloyd Blankfein 'Expecting $100M Bonus'

CEO 'thumbing his nose' at Obama's call to limit payouts

(Newser) - Goldman Sachs is preparing to defy President Obama's tough talk on executive bonuses and award chief executive Lloyd Blankfein a whopping $100 million, according to bankers at the World Economic Forum. "This is Lloyd thumbing his nose at Obama,” a banker at one of Goldman’s rivals tells...

'Anarchic' Conan Perfect for Treasury Secretary

Obama could use O'Brien-like bile to hammer big banks

(Newser) - The idiot circus that is NBC’s late-night merry-go-round resembles nothing so much as the US financial crisis, so what better next stop for Conan O’Brien than the Treasury? That’s what Leslie Savan would like to see, given that Secretary Tim Geithner completely lacks the O’Brien-like “...

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