Goldman Sachs is once again being cited for ripping off its clients, this time in the IPO space. Goldman had already paid massive fines for causing the mortgage crisis by selling its own clients toxic assets. Later the firm would take considerable reputational damage when a former Goldman Sachs executive, Greg Smith, wrote an Op-Ed for the New York Times where he claimed Goldman employees routinely took advantage of the firm’s clients and enjoyed mocking them afterwards
|By: DSWright Tuesday March 12, 2013 10:20 am|
|By: Jim Barrett Wednesday March 6, 2013 7:16 pm|
“Utterly Boneheaded.” That is how Joe Nocera, writing in The New York Times characterized James Hansen (head of NASA Goddard Institute for Space Studies), Bill McKibben (founder of 350.org) and other climate change activists opposing the Keystone XL pipeline. If you haven’t been following it, the pipeline in question would bring something called bitumen, extracted from oil soaked sands in Canada, to U.S. refineries in Texas where they would turn it into oil products for sale on international markets.
|By: Nomi Prins Saturday January 8, 2011 1:59 pm|
There are a plethora of books written, and yet to be written, about what lead up to the 2008 financial crisis, but even so, All the Devils are Here stands out. Co-authors, Bethany McLean (co-author of the bestselling, documentary-inspiring book on the Enron scandal, The Smartest Guys in the Room) and Joe Nocera (Award winning New York Times business columnist), expertly weave a narrative that captures not just the elements, but the characters of the crisis; the human flaws, choices and repercussions perpetrated by a small, dispersed collection of very dangerous people.
|By: Scarecrow Sunday June 27, 2010 7:00 pm|
NYT business columnist Joe Nocera writes an astonishing industry shilling piece on why the US Government should not impose a deepwater drilling moratorium. Nocera’s arguments are either irrelevant or so deeply dishonest and inimical to the public interest that they warrant a strong retraction from the Time’s editors.
|By: David Dayen Sunday June 6, 2010 7:15 am|
Though the New York Times’ Joe Nocera may be off on point on changes to credit rating agencies, the overall thrust of his article is quite correct. Nocera, like many reformers, is a structuralist, believing that the very structure of Wall Street is at issue, not the way it gets regulated. And therefore, he would naturally look at what passed the Senate and say that it comes up far short.