The headline on a top story in The New York Times today reads: “Wall Street Hiring in Anticipation of an Economic Recovery.” And here are the summary paragraphs:
The shift [towards hiring] underscores the remarkable recovery of the biggest banks and brokerage firms since Washington rescued them in the
Rep. Darrell Issa (R-Calif.) has been receiving a lot of media attention for his gadfly role as ranking member on the House Oversight and Government Reform Committee. Since the Obama administration took office, he’s aggressively pursued investigations against favorite GOP targets like ACORN and alleged wrongdoing by the administration More…
And now we know why the Financial Crisis Inquiry Commission decided to subpoena Goldman Sachs — not for a lack of information, but for a surfeit of it. CNBC’s John Carney has the story:
Phil Angelides, the chairman of the Financial Crisis Inquiry Commission, said that while the
Today, the congressionally appointed Financial Crisis Inquiry Commission subpoenaed Goldman Sachs for failing to hand over certain documents or failing to submit to certain interviews. (The FCIC did not specify what it is after.)
In my mind, the story here is less that Goldman, the world’s most profitable bank, More…
In April, the multibillion-dollar hedge fund Paulson & Co. was cited in a blockbuster Securities and Exchange Commission civil fraud suit against Wall Street investment bank Goldman Sachs. The SEC complaint alleged that Paulson helped build investment vehicles predicated on rising real-estate prices — and then bet against them, More…
Morning Money has posted a Goldman Sachs research report, and it seems the investment bank is spooked by just one thing in the financial regulatory reform bill: Sen. Blanche Lincoln’s (D-Ark.) derivatives spin-off language.
To the extent that strains in European sovereign debt and short-term money markets cause broader
It seems that the Goldman Sachs executives testifying before Congress this week didn’t do a very good job convincing the powers that be that their investment strategy of recent years was perfectly kosher. Just days after the SEC sued Goldman for civil violations in connection to a mortgage More…
Washington is buzzing with the various testimonies and commissions ongoing today. Watch Fed Chairman Ben Bernanke and other speakers at the National Commission on Fiscal Responsibility and Reform, the president’s deficit commission, live here. And watch Sen. Carl Levin’s (D-Mich.) Senate Permanent Subcommittee on Investigations interrogate Goldman Sachs executives More…
Today is a busy day for economic wonks and other economist-types in Washington. Below is a brief guide to all the action:
Yesterday evening, Senate Democrats began the procedural endgame to their push to reform the regulation of the financial sector. In a 57-41 final vote, with Democrat Sen. Ben Nelson (Neb.) joining Republicans in opposition (and Majority Leader Harry Reid (D-Nev.) switching his final vote for procedural reasons), the Senate failed More…
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