“Goldman Sachs” on The Daily Caller

Perhaps you remember Greg Smith, a trader with Goldman Sachs up until early March. He quit the firm based on internal practices that clearly did not have the best interest of the client in mind. In a day of growing distrust of banks, Wall Street and just about any other financial institution, it seems that Goldman has gotten caught with its shorts down (pun intended). (more)

Today the Fed will release the minutes from its last meeting. (more)

2001 was a year of turmoil: America was attacked on Sept. 11, ushering the U.S. into the War on Terror. Meanwhile, Goldman Sachs lent Greece 2.8 billion euros in a secret, yet legal transaction to disguise the country’s ill financial fitness in order to enter the Eurozone. (more)

Jim O’Neill Chairman of Goldman Sachs Asset Management is on CNBC talking about Goldman’s monster report and the global economy right now. (more)

Does the Federal Reserve bank really have taxpayers’ interests at heart? The Fed has secretly selected three banks to bid on American International Group, Inc. (AIG) debt securities that were acquired during the 2008 bailout. This move has critics and Wall Street seeing red over the failure to live up to the bank’s promise of transparency, Bloomberg News reports. (more)

By now you’ve probably read Greg Smith OpEd at the NY Times on why he left Goldman Sachs. (more)

The S&P 500 closed at about 1,370 at the end of last week, exceeding David Kostin’s target of 1,250 for the end of 2012. Kostin, chief U.S. equity strategist at Goldman Sachs, told Bloomberg TV that he is sticking by his forecast despite the S&P’s recent run. (more)

Goldman’s Jan Hatzius and Zach Pandl are out with an interesting note on the Reversal of “Fortunes in State Labor Markets.” (more)

Good morning. Here’s what you need to know. (more)

Goldman Sachs was once legendary for its trading prowess. (more)

Two weeks before accountants discovered $1.2 billion missing from client accounts at MF Global, company CEO Jon Corzine was shopping with his wife in the South of France for a multi-million-dollar chateau. The scandal-ridden company subsequently filed for bankruptcy protection. (more)

PORTLAND, Ore. (AP) — Michael Kors understands what fashion-conscious shoppers desire. Apparently, he knows what investors want, too. (more)

Goldman Sachs says the United Arab Emirates’ third largest bank by assets may need to set aside as much as $2.2 billion by 2013 to cover bad loans, Bloomberg reports. (more)

The world of hedge funds is changing. There are more managers out there, it costs more money to start a fund, and because of the Volker Rule, banks are now limited in the amount of money they can invest or trade in hedge funds. (more)

Before announcing his resignation from MF Global this morning, Jon Corzine retained legal counsel from Andrew Levander, a partner at leading Wall Street law firm Dechert. (more)

Fairholme Capital’s Bruce Berkowitz got hit with a big wave of redemptions last quarter. (more)

Groupon’s messy road to an IPO is getting a fresh look today in the New York Times, as its star business columnist Andrew Ross Sorkin used it as a spring board to slam its banking backers. (more)

Oct 13 (Reuters) – Raj Rajaratnam, a self-made hedge fund tycoon convicted in the biggest Wall Street trading scandal in a generation, was ordered on Thursday to serve 11 years in prison, one of the longest sentences on record in an insider-trading case but less than prosecutors had sought. (more)

Goldman Sachs Group Inc. (GS) and Morgan Stanley may consider dropping their status as bank holding companies to avoid expenses tied to the Volcker rule, said David Hilder, an analyst at Susquehanna Financial Group LLP. (more)

Despite his rhetorical attacks on Wall Street, a study by the Sunlight Foundation’s Influence Project shows that President Barack Obama has received more money from Wall Street than any other politician over the past 20 years, including former President George W. Bush. (more)