Tag archive for ‘Fabrice Tourre’

• Goldman Sachs: Must-See Outtake from Senate Panel

  28 April 10 • 3 comments

  In the Senate chamber yesterday, our elected officials grilled reps from Goldman Sachs. The Senators illustrated, I think, the outrage felt by Americans over bailout dollars that turned into banker bonuses. Even if—Senator Carl Levin trash-talked with the kind of language that triggered FCC fines of shock-jock Howard Stern:

• Goldman Sachs, Goldfish Eat Their Young

  26 April 10 • 2 comments

  

  Is paranoia necessary to survive on Wall Street?

  In one sense, Goldman Sachs is no different from any other investment bank on Wall Street. When it comes to protecting the brand, junior employees are expendable. Like goldfish, investment banks eat their young when self-interest make cannibalism seem rationale.

• Goldman Sachs and the Tourre de Toxic—Stage 2

  21 April 10 • Comments Off

  Over the long term, there are no such thing as secrets. Over the long term, everything is transparent. And today, The New York Times provided a few clues about why Goldman lost $75 million, when it knew mortgages were turning bad.

• Goldman Sachs and the Tourre de Toxic

  19 April 10 • 2 comments

  Who hasn’t seen the news? The SEC accused Goldman Sachs of fraud, alleging it misrepresented an Abacus CDO. Banks lost $1 billion on the trade. And John Paulson, one of the gods of Greenwich, pocketed $1 billion.

  Here are three things I don’t get:

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