Goldman Sachs

" "…As a gang of marauding starving homeless former Goldman Sachs investment bankers beat Mr. Krugman about the head with his Nobel Prize, he can try to explain to them how another trillion of stimulus would have done the trick. Every...

In this article: Tax, Unemployment, Federal Reserve, Washington, Paul Krugman, Revenue, Inflation, and Amnesia

Glenn Greenwald adds: "the White House loyally serve[d] the interests of the banking industry that caused the financial crisis (we don't want to make enemies out of Goldman Sachs or turn investment bankers into GOP funders)." In a...

In this article: Barack Obama, GOP, White House, Glenn Greenwald, Paul Krugman, Democracy, and Xenophobia

...appear to have succeeding in staving off depression. But I also agree with Noam Scheiber and Kevin Drum that Hank Paulson's hanky panky with Goldman Sachs looks pretty fishy. I think it's important for people to understand, however,...

In this article: Unemployment, J.P. Morgan, Recession, Ben Bernanke, Treasury Department, and Hank Paulson

Paul Krugman: Goldman Sachs' profits prove that bad Wall Street habits die hard The American economy remains in dire straits, with one worker in six unemployed or underemployed. Yet Goldman Sachs just reported record quarterly profits - and...

In this article: Wall Street, Paul Krugman, Toxic waste, Financial crisis, Washington, and U.S.

...from financial stocks will drive the S&P to 1050 in six months to a year. Except for Paul Krugman, the market is celebrating Goldman Sachs' capacity to coin money. And why not? If the worst is over for financials, there's nowhere else to go...

In this article: Bank of America, Jpmorgan Chase, McDonald's, Bankruptcy, Latex, Jackson Pollack, Eastman Kodak, and State Street

...while Matthew is paid to pull shit out of his ass. I saw something about Goldman Sachs being accused of using super fast (5 milliseconds) access to the NYSE in order to frontrun trades. In other words they see a pattern of trades coming in...

In this article: GS, TARP, FDIC, Paul Krugman, and AIG

...home foreclosures, small business bankruptcies are going up. Goldman Sachs and JP Morgan Chase are not only too big to fail, they are so big that everyone else is failing. As Paul Krugman pointed out, the things they do actually are...

In this article: Beneficiary, JP Morgan Chase, FDR, Economics, and Timothy Geithner

...it is why the federal government has leverage over transportation issues, it is why Pelosi agreed to bail out Goldman Sachs and let them run Treasury. What Krugman and Yglesias want is just enough Paradox of Thrift so they get their favorite...

In this article: Recession, Tax, George W. Bush, Paul Krugman, Chrysler, Bill Clinton, and Chris Hayes

...in fact, has made another crisis more likely. Krugman lost me on the first point: Goldman Sachs makes most of its money trading; that is, selling stuff for more than it costs to buy it. Almost by definition, that cannot be bad for anyone...

In this article: Paul Krugman, Wall Street, Lehman Brothers, US Federal Reserve, and John Maynard Keynes