Posts Tagged ‘Goldman Sachs
Potty Mouths: Senators Talk Shit To Tourre
Throwing Goldman Sachs’ execs own words back at them, Senators repeatedly perked up everyone’s ears Tuesday as they pointedly tossed around the obscenity the execs had so liberally used to describe one of their failing investment deals, known as Timberland. Funnily enough, it was Sen. Carl Levin (D-MI), chair of the Senate investigative panel looking [...]
More Bad News for Rajaratnam, Goldman
When it rains, it pours. Just weeks after prosecutors told Galleon Group founder Rajaratnam’s defense team that it was now looking into Galleon’s trading of Goldman shares in 2008, it was announced that they are now also looking into the possibility that Rajat Gupta, a longtime friend and associate of Rajaratnam’s and Goldman Sachs current [...]
Former Goldman Employee Testimony May Weaken Govt. Case
Paolo Pellegrini, a former Paulson executive who worked on the Abacus deal, has come forward with information contradicting the government’s contention that Goldman misled investors by marketing complex synthetic financial securities to them that were tied to subprime mortgages chosen by John Paulson and which Paulson later bet against. According to the LA Times, Pellegrini [...]
The Tale of Two Paulsons
It’s easy to confuse them: John and Hank. They share a surname, both have Harvard MBAs, have connections to Goldman Sachs, and have drawn attention from the SEC. So it’s little wonder that some people get a little mixed up. Here’s a short guide to telling the difference between two of the biggest names in [...]
Thoughts on the Goldman Fraud Charges
In addition to the charges from the SEC, Goldman is now facing charges in Britain and additional scrutiny in Germany. With all of this going down while we await the passing of new hedge fund legislation in both the E.U. and the U.S., we have to ask ourselves, if the AIFM directive passes and if [...]
All the Fuss About the Goldman Fraud Charges
So April 16, the SEC charged Goldman Sachs and VP Fabrice Tourre with civil fraud charges stemming from 2007 CDO deals with John Paulson’s hedge fund (the eponymous Paulson & Co.)– and since Goldman and Paulson are huge names and the prospect of scandal makes us all salivate, everyone has their panties in a twist. [...]
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