goldman sachs

Villain from a Steven Seagal movie or bailout czar?

The U.S. Treasury should hereafter be referred to as the Goldman Sachs Alumni Association.

I've been pretty adamant in my stance that something must be done in order to avoid the possibility of a credit crunch. The mortgage backed securities that are now held by banks are drowning them. Many of them were purchased in good, or at least optimistic, faith, but they can't be off-loaded now.

If Democrats acted like this, we’d be seeing another round of headlines like “Democrats In Disarray.”

Brazilian President calls the bailout unfair to poor people…

“Why give $700 billion to the banks and no money to the poor guys who lost their houses,” Lula asked, according to local media. He referred to the troubled U.S. housing market.

While Goldman Sachs was packaging sub-prime mortgages into "toxic" mortgage backed securites, a couple of sharp Goldman Sachs traders were shorting them:

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• The Paradigm Agency has acquired Ellis Industries. Matt Galle and Andrew Ellis of Ellis Industries will take their entire roster (including My Chemical Romance, Taking Back Sunday, Alkaline Trio and Metro Station) and work out of Paradigm's New York office. (Billboard.biz)

The Federal Reserve said Sunday it had granted a request by the country's last two major investment banks — Goldman Sachs and Morgan Stanley — to change their status to bank holding companies.

Isn't it a wicked irony that while conservatives have claimed that private enterprise is superior to government-run agencies, three gigantic private enterprises are now under government control because of poor management?

Pali Research, says this lengthy and worth-reading blog post at the Wall Street Journal's Deal Journal, suggested that EMI purchase Warner Chappel Music Publishing from Warner Music Group. The odds of that happening are slim to none, as Deal Journal explained.