Robert Khuzami Neither Admits Nor Denies

By: Sunday December 2, 2012 10:45 am

Robert Khuzami thinks settling with cheats and frauds is a great idea. Why bother with all that silly trial stuff? He must be right, he’s on the short list for SEC Chair.


Judicial Blindness

By: Sunday October 21, 2012 10:30 am

Business fraud isn’t really a crime, not if the political hacks on the Supreme Court and the Federalist Society lower court judges can help it.

FDL Book Salon Welcomes William Cohan, Money and Power: How Goldman Sachs Came to Rule the World

By: Saturday December 17, 2011 1:59 pm

Perhaps we should begin with an offering from Goldman Sachs he covered closely, the Abacus deal, for which Goldman was fined. Mr. Cohan, please explain whether you believe Goldman was guilty of unethical or illegal activity in the sale of Abacus. Ultimately, I hope we get your views on why there have been no convictions, and why.

FDL Special Book Salon Welcomes Byron Georgiou, The Financial Crisis Inquiry Report: Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States

By: Tuesday February 1, 2011 11:00 am

The Final Report of the Financial Crisis Inquiry Commission is a fascinating history of the Great Crash of 2008. Join us as FDL’s Ed Walker hosts a special FDL Book Salon chat with Commissioner Byron Georgiou about the FCIC’s findings.

Goldman Sachs Chooses Not To Answer

By: Wednesday April 28, 2010 5:06 pm

Carl Levin’s committee thinks that Goldman Sachs is an underwriter when it creates and sells securities. Underwriters have real duties to their customers. Goldman Sachs wants to be treated as a market-maker. Market-makers have significantly fewer duties. The Senators are right.

SEC v. Goldman: Bits and Pieces

By: Thursday April 22, 2010 12:45 pm

The SEC complaint against GS is straight-forward, but it doesn’t tell us everything the SEC knows. Here are some questions and some details on this fascinating case.

Real Regulation for Credit Default Swaps Is Necessary

By: Monday April 19, 2010 3:10 pm

The SEC suit against Goldman Sachs makes it clear that credit default swaps made the Great Crash worse than it should have been. Now it’s time to impose serious regulation on these time bombs, regardless of what it does to JPMorgan Chase’s ability to coin money.

NYT: Goldman Senior Execs Oversaw the Mortgage-Based CDOs After Choosing Policy to Short Market

By: Monday April 19, 2010 6:03 am

The New York Times has a potentially explosive story today indicating Goldman Sach’s top executives personally oversaw the mortgage-securities trading unit that created the Abacaus deals and had decided to go short the market. But what did it tell shareholders?

The SEC Begs to Differ with Lloyd Blankfein’s Explanation

By: Sunday April 18, 2010 10:30 am

Lloyd Blankfein says that Goldman Sachs was just a market maker, trying to accommodate its customers. The SEC says it tried to accommodate some more than others.

Goldman Sachs Explains Itself: We Weren’t Betting Against Customers, Just Betting Differently

By: Sunday April 11, 2010 10:30 am

Goldman Sachs says it didn’t bet against its customers in subprime mortgages. I guess it depends on what they mean by customer, and what they mean by market maker. It says it acted properly in its dealings with AIG. I guess it depends on what they mean by “properly”.

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