QUESTION: Marty; It seems when Goldman Sachs makes a recommendation, it tends to be the kiss of death. They came out and said the stock market was going to crash at the end of 2017 just before it broke out. Now they are pitching gold but they have been the ones who controlled the warehouses. […]
Malaysia won a MAJOR victory in a London court that will allow public hearings in the notorious 1MDB case where Goldman Sachs facilitated what is alleged to be the fraud of the century. In this case, Abu Dhabi’s state investment fund is in a legal battle over how billions of dollars intended for Malaysia’s economic […]
QUESTION: I was told that none of the big bankers during the Great Depression went to jail either. Doesn’t the government understand that this is the very image of draining the swamp? DK ANSWER: The bankers own the reign of government from the courts to the White House. In the years that followed the 2008 […]
Trump has broken his word and is by no means draining the swamp — he is filling it. He has really betrayed a lot of people by his nomination of Gary D. Cohn as Director of the National Economic Council, which is a policy-making position for domestic and international economic issues. The one legal firm in New York […]
The Federal Reserve wants to take away the ability of Goldman Sachs and other banks to invest in companies rather than acting as bankers and lending. The U.S. banking regulators are urging Congress to prohibit merchant banking where firms buy stakes in companies rather than lend them money. They are pushing for limits on Wall Street’s ownership […]
On Monday, the U.S. Department of Justice announced that Goldman Sachs has agreed to plead guilty again and will pay $5.06 billion for its role in the 2008 financial crisis. The settlement, over the sale of mortgage-backed securities from 2005 to 2007, was first announced in January. Of course, none of the bankers will […]
Goldman Sachs is at the center of a probe into the rigging of U.S. Treasury Auctions, which was the same allegation that resulted in the Treasury shutting down Salomon Brothers in 1991. I wrote about this incident when Salomon was caught. The fact that such rigging in commodities markets was standard for decades was common knowledge. When […]
Hillary will not release transcripts of her speeches at Goldman Sachs for which she was paid $675,000. The New York Times has reported that she has racked up $30 million in speaking fees in just 16 months. However, the total … →
Hillary Clinton continues to struggle against Bernie Sanders who has rightly pointed to her ties to Wall Street. They should put it out there straight: THE CLINTONS HANDED STUDENTS TO THE BANKERS. In an attempt to stand up to this criticism, … →