Group Think, Duct Tape and Slam Dunks
McClatchy Washington Bureau Sun, Nov. 01, 2009 Greg Gordon | McClatchy Newspapers November 01, 2009 01:17:44 AM WASHINGTON — In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in […]
MoreTHE NEW YORK TIMES August 9, 2009 Paulson’s Calls to Goldman Tested Ethics By GRETCHEN MORGENSON and DON VAN NATTA Jr. Before he became President George W. Bush’s Treasury secretary in 2006, Henry M. Paulson Jr. agreed to hold himself to a higher ethical standard than his predecessors. He not only sold all his holdings […]
MoreJun 17, 7:13 PM (ET) By JIM KUHNHENN and MARTIN CRUTSINGER ASSOCIATED PRESS WASHINGTON (AP) – From simple home loans to Wall Street’s most exotic schemes, the government would impose and enforce sweeping new “rules of the road” for the nation’s battered financial system under an overhaul proposed Wednesday by President Barack Obama. Aimed at […]
MoreBBC NEWS By Joe Lynam Billionaire investor Gorge Soros has said the G20 summit will be a “make or break” event for the world’s economy. In a BBC interview, Mr Soros said the international financial system had collapsed because it was flawed and it had to be restructured. Mr Soros say it may be the […]
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