Goldman Sachs Group Inc.

Even the Banks are Paying a Penalty for Sandy

Winter is coming

Rajat Gupta, Insider Trader Who Peddled Goldman Secrets to His Buddy, Gets Two Years

Rajat Gupta, a key player in one of the biggest insider trading scandals in memory, helped his business partner/friend Raj Rajaratnam (at right), earned multiple millions of dollars and avoid losses. As a board member for Goldman Sachs, he leaked confidential information repeatedly over a period of ... More >>

Occupy Wall Street's Anniversary

For those who have been tracking Occupy Wall Street since its earliest days, yesterday's anniversary often felt familiar to the point of deja vu. Lower Manhattan was once again transformed into a city under siege, with metal barricades at almost every intersection, police trucks, vans, scooters, ho ... More >>

How to Speak Republican

Leaked document reveals the secrets of the GOP's coded language

For-Profit Colleges Only a Con Man Could Love

Barbarians in the Ivory Tower

Mitt Loves N.Y.: Henry Cornell

With Mitt Romney as its de facto go-to candidate, the roster of Restore Our Future, Romney's designated Super PAC slush fund, reads like a laundry list of New York City's wealthiest denizens. And, according to the Center for Responsive Politics and contrary to popular belief, Sup ... More >>

Does 'Gay Inc.' Believe in Free Speech?

In the battle over gay rights, dissent during wartime isn't always tolerated

Mayor Bloomberg Metaphorically Hugs Metaphorical 'Vampire Squid'

As a not-so-hot week for Goldman Sachs' came to a close, Mayor Bloomberg embraced the investment bank. The New York Times reports that Bloomberg visited Goldman's headquarters Thursday for some handshakes and burgers, and explained his support of the firm on his radio show Friday. "It's my job to st ... More >>

Occupy Princeton Protesters Disrupt Goldman Sachs, J.P. Morgan Recruiting Events

Occupy Princeton -- which, yes, it exists -- mic-checked a J.P. Morgan recruiting event on Wednesday and a Goldman Sachs event, above, on Thursday. This is similar to what happened at Harvard recently, though we haven't found a bizarrely pro-Goldman editorial in The Daily Princetonian yet.

Harvard Crimson OWS Editorial: Leave Poor Goldman Sachs Alone

Protesters from Occupy Harvard (it exists) tried to disrupt a Goldman Sachs recruiting event on campus. Not particularly unusual or surprising for an Occupy-related group, right? Not so fast. The Harvard Crimson is not impressed, as made clear in a staff editorial in today's issue. It reads in pa ... More >>

Condé Nast Elevator, We Hardly Knew Ye

​Almost as soon as it arrived, the snarky @CondeElevator Twitter account has made its exit. The account, which was allegedly composed of real quotes from inside the elevators at Condé Nast, went dark today with a contrite tweet from whoever's been controlling it:

Who Wants to Be the Next Mets Owners?

​This morning's New York Post made it a lot easier to set up your office "Who's going to end up owning the Mets once the Wilpons have to repay their Madoff money?" pool, by running a helpful list of rich guys who, it claims, are in the running to buy at least a share of the Amazin's. Less help ... More >>

Facebook, LinkedIn Racing to Go Public

​Facebook, which the Wall Street Journal calls "one of the world's hottest technology companies" (have you heard?), will likely go public this year as its shareholders surpass 500 in number, forcing the company to either disclose its financial information "or go public by April 2012." This com ... More >>

Goldman Sachs De-Partnering Is Like Facebook Defriending, but Way More Hurty

​Wanna know what's awesome? The moment Goldman Sachs names you a "partner," a title 100 people will receive this fall. (About 375 of the bank's 35,000 employees are partners.) By bestowing partnership on an employee, the company is essentially whispering in that person's ear, "You will get a m ... More >>

Goldman Sachs Thinks You Should Invest In Jeggings Futures. Yes, Jeggings.

OH HAY GIRL NICE "JEGGINGS" ​Jeggings: Jeans Leggings. Having never been in a pair, this blogger can not speak with authority on the sturdiness of "jeggings," but our reports from the field tell us these so-called "jeggings" are "A Thing." Our reports have been verified by the fact that the ... More >>

Goldman Sachs Will Not Buy Their (Political) Love!

​Goldman Sachs has said they will not spend their money on political advertising, showing what the New York Times calls "an unexpected sign of restraint" following a Supreme Court ruling (Citizens United v. Federal Election Commission) stating that on the basis of free speech, corporations can ... More >>

Goldman Sachs Finding New and Improved Ways to Piss Off New Yorkers: Ferry Boats, Spendthrifts

​If anyone was wondering whether or not Goldman Sachs would be kinder to the American public after the banking monolith was fined a $500M slap on the wrist and finance reform was put into place, well, wonder no more. Because we have the answer, and it's apparently Hell no.

Goldman Sachs Tries to Uncover the New York Times' 'Shoddy' Reporting, Fails Miserably

Wall Street Runs for Congress

Lots of hedging from Carolyn Maloney's foe, hedge fund lawyer challenger Reshma Saujani

Mike Bloomberg's Proposed Budget Slashes Teachers, Yet Still Pays to Recruit New Ones

​Faisal Shahzad may have inadvertently saved the jobs of a 1,000 cops in Mayor Mike Bloomberg's budget proposal, but nothing apparently could be done to save the jobs of 6,400 city teachers...Not even letting go of the $5 million dollars budgeted for new teacher recruitment. Yes, that's right ... More >>

Goldman Sachs Settles 2008 SEC Issue with $450,000 Payout

​Goldman Sachs is shelling out $450,000 to settle with NYSE Euronext and the SEC over allegations that the bank "broke rules governing short sales on U.S. stocks because of a bookkeeping error" -- which led to improperly accepting some-385 short-sale orders from customers and failing to close ... More >>

Warren Buffett Backs Goldman Sachs, Eviscerates Peanut Brittle Bag

Here he is, eating something else.​Third richest person in the world Warren Buffett spoke in support of Goldman Sachs at a press conference on Sunday, saying that the bank didn't do anything to warrant the public fury that has ensued, and also that things are getting better, ya'll!

Warren Buffet, Really Rich Man, Defends Goldman Sachs, Really Rich Men

​If one man could be considered the most important single person to the success of the U.S. economy, there is an argument to be made for mega-billionaire Warren Buffet. (This post is not that argument.) But Buffet chose Saturday to lead the counter-backlash, coming out in favor of the embattle ... More >>

Can Anyone Explain The Goldman Sachs Investigation?

Cher via Wikipedia​As a kid, I was really good at math. Then Cher came along. After that, I only cared about hair, navels, and half breeds. So I desperately need some help in understanding the Goldman Sachs mess currently being investigated.

Kill the Lawyers? Firm At Heart of Goldman Case Is Already Dead.

Yeah, kill all the lawyers, but good luck eviscerating McKee Nelson, the law firm that vetted the sneaky scheme by Goldman Sachs to sell America short. It's long gone. It won't be missed — except to answer questions. Some of the 901 pages of documents in the SEC's case against CEO Lloyd Bla ... More >>

Morning Links: Hef Saves the Day, Goldman Faces Senate, Everyone Hates PowerPoint

​• Today is Ulysses S. Grant's 188th birthday. If you're so inclined, head up to Grant's Tomb for a 21-gun salute and ceremony. • Hugh Hefner gave $900,000 to save L.A.'s iconic Hollywood sign. Thank goodness, because how would anyone know where they were otherwise? "The Hollywood sign r ... More >>

Carl Levin: 'Should Goldman Sachs Be Trying to Sell the Shitty Deal?!'

Try as he might, Senator Carl Levin can't get a straight answer out of Goldman Sachs during today's hearing of the Senate's Investigations Committee about how Goldman and its CEO, Lloyd Blankfein, bet against America. At least not so far (tune in live here). As the clip above proves, Levin is ... More >>

Mike Bloomberg: Quick to Blame, Unless Your Name is Lloyd Blankfein

​Goldman Sachs, says Mike Bloomberg, "may not have done anything wrong and may have done everything right." "You've got to wait and give them the benefit of the doubt," says the mayor who rushed to condemn Plaxico Burress, several fire chiefs tied to the Deutsche Bank fire, and pro ... More >>

Bloomberg Roots for Wall Street

The Mayor remembers the Titans, at any cost

SEC Sues Goldman Sachs for Being Goldman Sachs

This case won't be a big deal unless John Paulson (above) becomes a defendant. Don't count on that.The SEC finally accused Goldman Sachs of securities fraud, in a civil suit filed Friday. But this thing sounds a whole lot more dramatic than it really is. For one thing, the name of evil co-conspirato ... More >>

Hopping Around Wall Street's Holiday Parties—Or Lack Thereof

Wall Street Crime Blockbuster: Goldman's Lucrative Bets Against America

One of the year's biggest corporate-crime blockbusters, and the New York Times publishes it on Christmas Eve, when as few people as possible will read it: In "Banks Bundled Bad Debt, Bet Against It and Won," Gretchen Morgenson and Louise Story reveal how Goldman Sachs (and others) gamed the system, ... More >>

Goldman Sachs Execs Packing Heat, Losing Parties, Glass

​The atmosphere at disgraced financial giant Goldman Sachs seems rather grim this holiday season. In a curious Bloomberg dispatch, Alice Schroeder reports, "senior Goldman people have loaded up on firearms and are now equipped to defend themselves if there is a populist uprising against the ba ... More >>

Survey: Data Theft is Wall Street Drones' Unemployment Insurance

​Knowledge is power! A recent Cyber Ark Software survey reveals a boom in data theft among workers on Wall Street and at Canary Wharf in London. A quarter of respondents professed a willingness to take data from their employers, though 85 percent of them know it's illegal. The survey suggests ... More >>

Private paperwork found in Yankee parade confetti

​The half ton of recycled confetti provided to buildings lining the Canyon of Heroes in downtown Manhattan for the Yankees' victory parade yesterday turned out not to be enough for some people to show their enthusiasm. Medical records, financial statements, pay stubs, law firm invoices and cou ... More >>

Weekend student vaccination centers open

​As part of Mayor Bloomberg's H1N1 flu plan for NYC, the Board of Health has opened vaccination centers this weekend in all five boroughs for middle school and high school students. Elementary school students above four years of age are also eligible for the free shots. Fifty private compani ... More >>

Why Hard Times Won't Mean Good Times at the Movies Again

Brother, can you spare $12?

What Cooked the World's Economy?

It wasn't your overdue mortgage.

Scumbag Bank Bets Against Solvency of States

Axis of Evil: Steinbrenner Teams With Dallas Cowboys

Krugman called it: 'Heads they win, tails we lose'

Will Crash Doom Atlantic Yards?

Krauts Sour on Wall Street Bailout

Steamroller Cuomo Squeezes Int'l Banks for Big Bucks

The Rich Are Not Like You And Me: Foreclosing in the Hamptons and Goldman Sachs' City Windfall

Union Leaders Challenge Aramark at Goldman Sachs' Meeting

"Frosty the Goldman" and Other Odes to Subprime Profiteers

Black-Car Blight

First the bankers descended on Battery Park City. Then came another plague for the neighborhood.

Rebuilding at Ground Zero

Will Any of the Possibilities Really Be Considered?

The Advancing Abolitionists

How Clean Is Amoco's Gas?