Goldman Sachs

Jobs report shows momentum for new year

Jobs report shows momentum for new year

The government is expected to report Friday that businesses stepped up hiring in December, a trend likely to gain momentum in 2011. Economists are predicting that employers added a net total of 145,000 jobs last month and that the unemployment rate dipped to 9.7 percent. Some are even more optimistic after a private payroll firm […]

End of TARP leaves small banks scrambling to repay

End of TARP leaves small banks scrambling to repay

The U.S. government’s $700 billion bailout of the financial system has become a form of long-standing aid for many of the nation’s small and regional banks, even as the program officially expires on Sunday. The banks are eager to repay the taxpayer money, but the meek economic recovery has gotten in the way. Analysts and […]

BP execs face grilling on Capitol Hill

BP execs face grilling on Capitol Hill

BP Plc’s U.S. chief faces accusations in Congress on Tuesday that the energy giant caused the worst oil spill in U.S. history with a calculated strategy to cut costs, hours before President Barack Obama uses a televised address to defend his handling of the disaster. A day after BP shares fell 9 percent in London […]

Democrats block GOP effort to kill consumer protections

Democrats block GOP effort to kill consumer protections

The Senate on Thursday rejected a Republican attempt to defang consumer protections in a sweeping Wall Street reform bill, while voting to give small banks a break on deposit insurance. Despite procedural delays, lawmakers covered some ground on a top priority of the Obama administration that would be the biggest overhaul of the financial rulebook […]

Some agreement on Wall Street reform

Some agreement on Wall Street reform

Key senators reached a partial agreement on Wall Street reform on Tuesday, but disputes over some issues continued, and the Senate adjourned without casting votes on amendments as planned. The chief Democratic and Republican negotiators agreed on a new government protocol for dismantling financial giants in distress. Their pact briefly stirred hopes among lawmakers that […]

Republicans block Wall Street reform…again

Republicans block Wall Street reform…again

Undaunted by the political risks, Senate Republicans hung together and again thwarted Democratic efforts to start formal debate on sweeping legislation to rein in Wall Street excesses. For the second time in two days, lawmakers voted 57-41 to take up the popular bill, falling short of the 60 needed to move ahead with the toughest […]

Dems ramp up pressure on Wall Street

Dems ramp up pressure on Wall Street

Democrats planned to keep up the pressure on Republicans after an expected setback put the brakes on Senate consideration of financial regulations. But their task got slightly more complicated by the defection — at least for now — of one Democrat, Sen. Ben Nelson of Nebraska. Nelson voted with Republicans on Monday to deny Democrats […]

Dems to GOP: ‘Go ahead, make our day’

Dems to GOP: ‘Go ahead, make our day’

With a showdown vote looming, Democrats are resisting Republican appeals for a broad compromise on financial overhaul legislation and are eager to test whether GOP unity will crack in an anti-Wall Street political climate. The top negotiators on the regulatory bill — Democratic Sen. Christopher Dodd and Republican Sen. Richard Shelby — professed to be […]

Porn surfing by SEC execs draws GOP ire

Porn surfing by SEC execs draws GOP ire

Republicans are stepping up their criticism of the Securities and Exchange Commission following reports that senior agency staffers spent hours surfing pornographic websites on government-issued computers while they were supposed to be policing the nation’s financial system. California Rep. Darrell Issa, the top Republican on the House Oversight and Government Reform Committee, said it was […]

Did Goldman-Sachs buy the Obama White House?

Did Goldman-Sachs buy the Obama White House?

While lawyers for Goldman Sachs worked overtime to avoid civil fraud charges from the Securities and Exchange Commission, the firm’s CEO visited the White House four times. In addition, the company’s political action committee, employees and relatives of employees dumped close to a million dollars into Obama‘s 2008 Presidential campaign and CEO Lloyd Blankfein was […]