Month: April 2010

April 29 (Bloomberg) — JPMorgan Chase & Co. and Goldman Sachs Group Inc. are among U.S. investment banks that may be forced to raise an additional $250 billion in capital, cut executive pay and divest some of their most lucrative assets under a bill on the U.S. Senate floor today, analysts say. (By Dawn Kopecki)…

Goldman definitely designed products which took the other side of the bull market in real estate, but that is the way markets work. If you are a market maker, whether in the pits of Chicago, or in the offices of Goldman Sachs, you are at risk each time you put on a position. In defense…

Goldman, what a shock. I guess if a Republican had been in the White House they would have seen this coming, but one would think Goldman has enough friends even in the current Administration not to have been cold cocked by the SEC announcement on Friday. The smokey intentions of possibly setting up clients to…

Listening to Greenspan’s testimony today provided clear evidence that the guy is clueless of how markets actually work. The Peter Principal, that people tend to rise to the level of their own incompetence, certainly can be said about the Fed. Likewise for Bernanke, who like Greenspan, has never seen an economic event that did not…