Commentaries

What about those Goldman bonuses?

June 22, 2009

Will Goldman Sachs have its best year ever in 2009? Will it payout record bonuses? Maybe. Then again, maybe not.

Obama treads lightly on Wall Street

June 18, 2009

President Obama, in a speech on the financial crisis at Georgetown University in April, spoke eloquently about the need to move away from a Wall Street-fueled “bubble and bust economy.” But Obama’s proposal for overhauling the financial regulatory system falls well short of his stated goal of making “sure such a crisis never happens again.”

The cost of paying back TARP

June 17, 2009

In a fitting twist of irony, Goldman Sachs joined other major banks in paying back the TARP on the very same day the Obama administration was releasing its financial regulatory reform package.

No fix for the derivatives monster

June 17, 2009

It’s still not clear if the Obama administration has a plan for dealing with the derivatives monster, which is one of the biggest problems regulators must confront in dealing with the potential collpase of a “too big to fail” financial institution.

Talk about an understatement

June 17, 2009

Is this what we’re calling reckless risk-taking these days? Dealbook reports that Goldman Sachs chief Blankfein apologizes to U.S. legislators for participating in the “market euphoria” that led to the financial crisis.

Goldman fills the Lehman void

June 16, 2009

Lehman’s collapse left a big whole in the world of structured products–a largely unnecessary investment vehicle that’s been all too popular in Europe and Asia. But it seems Goldman Sachs is rushing in to fill the void.