With the Senate preparing to take up major financial reform legislation this week, Senate Banking Committee Chairman Christopher Dodd called on Republicans to join in supporting the major regulatory overhaul. "This comes right down to this basic fact," said Dodd. "Whose side are you on?"

Continue reading Dodd Calls on Republicans to Support Financial Reform Bill

Dodd Calls on Republicans to Support Financial Reform Bill originally appeared on DailyFinance on Mon, 19 Apr 2010 13:05:00.

Filed Under: Economy, Investing, Goldman Sachs , American International Group, INC., Credit

The insider trading case against Galleon hedge fund founder Raj Rajaratnam has led investigators to look closely at Rajat Gupta, a Goldman Sachs director. Prosecutors believe Gupta may have shared inside information about the investment bank with Rajaratnam during the depths of the financial crisis.

Continue reading Goldman Sachs Director May Have Passed Insider Info to Galleon

Goldman Sachs Director May Have Passed Insider Info to Galleon originally appeared on DailyFinance on Thu, 15 Apr 2010 08:30:00.

Filed Under: Company News, People, Investing, Goldman Sachs , American International Group, INC.

In its annual letter to shareholders, Goldman Sachs continued its public relations campaign, asserting that its only role in the financial markets has been positive.

Continue reading Goldman Sachs Annual Report Defends Its Role in Credit Crisis

Goldman Sachs Annual Report Defends Its Role in Credit Crisis originally appeared on DailyFinance on Wed, 07 Apr 2010 05:20:00.

Filed Under: Economy, Goldman Sachs , Credit

Did Goldman Sachs Group (GS) force American International Group (AIG) into the arms of the U.S. government? AIG, the financial institution now 79.9%-owned by the U.S. Treasury, cost taxpayers $182.3 billion in cash and guarantees, and paid Goldman $12.9 billion as part of a backdoor bailout. Now, the The New York Times has the nerve to suggest that Goldman's demands for money are what shoved AIG over the edge.

Continue reading SEC Investigating Goldman Over AIG Collapse

SEC Investigating Goldman Over AIG Collapse originally appeared on DailyFinance on Mon, 08 Feb 2010 16:29:00.

Filed Under: Economy, Goldman Sachs , American International Group, INC., Real Estate, Insurance

Treasury Secretary Timothy Geithner will tell Congress Wednesday that he knew nothing about the Fed's decision to keep secret the details of its plans to funnel $62 billion in taxpayers' money through American International Group (AIG) to foreign and domestic banks back in late 2008 when he headed up the New York Federal Reserve.

Continue reading Can Geithner Dodge Blame Over AIG's Backdoor Bailout Hush-Up?

Can Geithner Dodge Blame Over AIG's Backdoor Bailout Hush-Up? originally appeared on DailyFinance on Wed, 27 Jan 2010 11:40:00.

Filed Under: Economy, Goldman Sachs , American International Group, INC.