“Goldman Sachs” on The Daily Caller

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)

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Hewlett-Packard Co. (HPQ) directors were concerned that plummeting shares would make the company vulnerable to a bid from Oracle Corp. (ORCL) when they replaced Leo Apotheker with Meg Whitman, two people close to the board said. (more)

(Bloomberg) — A former Goldman Sachs Group Inc. (GS) trader and his father were accused by U.S. regulators of making illegal trades based on confidential information related to the Wall Street firm’s exchange-traded fund investments. (more)

Goldman Sachs Group Inc. (GS) agreed to pay future Federal Reserve penalties and write down $53 million of mortgage loans in New York to gain approval for its sale of Litton Loan Servicing LP. (more)

NEW YORK (AP) — Allstate (ALL) is suing Goldman Sachs Group (GS), saying more than $122 million in mortgage-backed securities the insurance company bought beginning in 2006 were fraudulent. (more)

Goldman Sachs Group Inc. said Friday that it has hired former U.S. Senator Judd Gregg as an international adviser. (more)

At least four Goldman Sachs executives flew into Japan last week to speak with nervous ex-pat employees about radiation fears, according to a person familiar with the situation. They also conveyed another message: don’t leave Japan and don’t leave Tokyo. (more)

We are navigating through truly uncharted political and economic territory. Members of the financial cognoscenti have freshly alluded to the notion of the “government bubble” as the next blow to the world economic order. (more)

1.) Obama’s jobs team gets green-washed — “President Barack Obama will name Jeffrey Immelt, General Electric Co.’s chief executive officer, to head his outside panel of economic advisers, replacing former Federal Reserve Chairman Paul Volcker,” reports Bloomberg News. “Immelt has sounded many of the administration’s themes: boosting jobs through U.S. exports, ensuring companies can compete with powers like China and India, and jumpstarting a clean-energy economy. Immelt wrote today that he and Obama ‘are committed’ to making the U.S. ‘the most competitive and innovating economy in the world.’” According to Bloomberg, “Immelt is among a group of executives — Boeing Co. CEO Jim McNerney; Motorola Solutions Inc. CEO Greg Brown, and Honeywell International Inc. Chairman David Cote — who have voiced support for Obama policies. The four serve on several of the president’s outside advisory boards”–and all four have made a killing on green jobs subsidies (more)