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SEC Enforcement Director Robert Khuzami Jokes About Causing The
Marke... -08/09/09 at
12:11 PM CDTby Perry
Rod
In a speech for the New York State Bar,
Securities and Exchange Commission Enforcement Director Robert
Khuzami made a joke that for some might be more telling that it is
funny. He stated: "I'm pretty proud of my own 100-day
accomplishments. So how have things changed? Before I joined the
Division in March, the Dow was struggling around 6500
points....
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No Such Thing As Bad Press For Goldman Sachs
-07/03/09 at 3:42 PM
CDTby Perry Rod
Matt Taibbi has written a scathing piece in
Rolling Stone magazine about how Goldman Sachs (GS) is the "Great
American Bubble Machine." He basically makes yet another case
that Goldman Sachs makes money by controlling America's politicians
and regulators. He is not the first to make this case. For
example in 2006, Kyle Pope, a former writer a...
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Barack Obama: Another Captured Pawn of Goldman Sachs' Wall
Street -04/27/09 at
6:05 PM CDTby Perry Rod
It isn’t really a conspiracy or a
criticism. It’s just a fact. In 2006, The Los Angeles
Times did a story entitled, “Goldman Sachs Rules The
World,” pointing out that former President Bush’s team
of economic experts were basically a team of former Goldman Sachs
executives. That list included Henry Paulson, who ra...
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Short Selling Implicated in the Greatest Market Cataclysm Since
1929 -11/25/08 at 10:21
PM CSTby Perry Rod
Investigative Reporter Mark Mitchell responded
today to a Wall Street Journal article uncovering the fact that
short selling played a major role in the current global crisis:
Journalists who write about short selling hedge funds fall into
three categories. The first category is comprised of a very small
number of journalists who have deliberately whitewas...
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Naked Short Sellers Attack Citigroup
-11/21/08 at 7:22 PM
CSTby Reggie Abaca
America's financial system is a mess and the
U.S. Securities and Exchange Commission is to blame. Short sellers,
in a concerted effort to defend themselves and abuse the lack of
regulation by the SEC, are now targeting Citigroup (C) while our
financial journalists, analysts and government regulators continue
to do nothing. At Market Rap we've pointed out...
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Citigroup Cuts 20% of Workforce -11/17/08 at 10:37 AM CSTby Peter York
50,000 people is a lot of people. That's
50,000 on top of 20,000 layoffs. Citigroup (C) has cut off
approximately 30% of its workforce now amid the economic crisis as
cost cutting continues. The danger of all of it is that this
is happening in the crucial holiday period, one week before
Thanksgiving. And it's on top of 5% to 10% cuts byJ...
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Another Day Another Rumor -10/28/08 at 2:00 PM CDTby Reggie Abaca
Hedge funds are starting up another rumor now
that Morgan Stanley (MS) and two other firms were being "short
squeezed" with their investment into Volkswagen. Goldman
Sachs, one of the named, declined to comment, but people
inside the company said it had no Volkswagen losses. Morgan Stanley
spokesman Mark Lake said frankly that company has no exp...
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