“Goldman Sachs” on The Daily Caller

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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)

Goldman Sachs Group Inc. slammed the door on U.S. clients hoping to invest in a private offering of shares in Facebook Inc., because it said the intense media spotlight left the deal in danger of violating U.S. securities laws. (more)

I’ll admit to not being an economist; but as the son of a banker, I have almost an innate appreciation for the importance of meeting obligations. The recent discussion in Washington about raising the debt ceiling has brought about serious concerns from the financial community about the consequences of not doing so. (more)

Happy New Year! Unless, that is, you’re Keith Olbermann and you don’t know the meaning of happiness. Let’s take a look at Olbermann’s first week in the 2011 anchor chair at “Countdown.” (more)

Wall Street’s biggest banks, rebounding after a government bailout, are set to complete their best two years in investment banking and trading, buoyed by 2010 results likely to be the second-highest ever. (more)

On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan. (more)

At this point, my head is spinning. Earlier tonight, I wrote about how Verizon is still full-steam ahead on destroying the fabric of Android. Meanwhile, on the other side of the aisle, we have AT&T playing up the fact that they got a “D-” on a coverage test instead of an “F”. I seriously just can’t decide which carrier is worse. (more)

It was an important night for the partners: Their leader would deliver the eagerly awaited State of the Firm report. While the great unwashed would perceive him as a rather dull, normal accountant type, the partners knew this was a man who would cut his best friend’s throat for an extra 10,000 shares of preferred stock. In other words, the perfect man to lead their firm. (more)

WASHINGTON — House Democrats were preparing late last year for the first floor vote on the financial regulatory overhaul when Representative John A. Boehner of Ohio and other Republican leaders summoned more than 100 industry lobbyists and conservative political activists to Capitol Hill for a private strategy session. (more)

– ”While the general consensus seems to be that Warren will get the chance to head the consumer-centered agency she claims to have come up with, it has not gone unnoticed that the Obama administration appears to be dragging its feet on her nomination.” TheDC’s Amanda Carey can tell you why: Warren is an obnoxious human being. “[She] has gotten major criticism in the way she’s carried out her duties,” George Mason law professor Todd Zywicki told TheDC. “There are serious concerns about her impartiality and that she uses these jobs as a platform for self promotion.” A bankruptcy attorney who worked with Warren on the National Bankruptcy Review Commission added his own anecdotes to claims that Warren is only in this for the chance at a daytime talk show. For example: When it came time for the committee to draft its report, Warren hijacked the process, substantially rewrote several sections, and told everyone else involved in the project to suck an egg. Such was their ire that the rest of the commissioners wrote a dissenting report correcting Warren’s version. Then again, Warren will fit right in with the baby daddies, slum lords, tax evaders, and mockers of the mentally disabled who currently pollute the White House.
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Goldman Sachs (GS: 148.10 ,+2.79 ,+1.92%), which once commanded the largest proprietary trading department on Wall Street, is in the initial phases of winding down billions of dollars in equity positions, the direct result of new regulatory rules designed to eliminate Wall Street risk taking, FOX Business Network has learned. (more)

“I’ve got this thing, and it’s (expletive) golden. And I’m just not giving it up for (expletive) nothing. I’m not going to do it. And I can always use it. I can parachute me there.” – Governor Rod Blagojevich on Obama’s Senate seat (more)