Fed transparency puts Goldman’s Cohn in a pickle

April 1, 2011

The Fed's 25,000-page data dump on bank borrowings so far hasn't unearthed any shocking revelations or sent financial markets into a tailspin. But it has caught out Goldman Sachs Chief Operating Officer Gary Cohn.

Fuld may have a point mixed in with his Kool-Aid

September 1, 2010

Dick Fuld is still hung over from his home-brewed Kool-Aid. The former Lehman Brothers boss hasn't stopped blaming his investment bank's demise on "uncontrollable" market forces, false rumors and the lack of a government rescue. That neglects his own hubris and failure to buttress the firm. But he makes at least one fair point: U.S. regulators were damagingly inconsistent.