Artist’s Rendering Of Rahm Emanuel’s Desktop

We continue with our series of artist renderings of various infamous desktops (previously Barack Obama, Ben Bernanke, Tim Geithner, and Lloyd Blankfein). Today, we focus on that of administration straight shooter Rahm Emanuel. . . . → Read More: Artist’s Rendering Of Rahm Emanuel’s Desktop

Litton, Goldman’s id

The apple, it seems, doesn’t fall far from the tree:

Litton Loan Servicing received more consumer complaints than any other loan servicer in the three years through June 2010, according to the Better Business Bureau. The 794 complaints against Goldman Sachs’ Litton led Morgan Stanley’s Saxon Mortgage at 631 complaints, American Home Mortgage at 597, Ocwen at . . . → Read More: Litton, Goldman’s id

Mary Bottari: President Obama, Give Liz a Job

Elizabeth Warren is one of the most educated, clear thinking, ethical advocates for the consumer that I have ever had the pleasure of seeing and hearing. As a consumer, I would feel it was a true measure of this administrations faith in me, and my place in this country, if Elizabeth Warren were confirmed as . . . → Read More: Mary Bottari: President Obama, Give Liz a Job

This Week in Financial Sarcasm: Goldman Sachs, Charles Schwab, Formula Capital & the SEC

Goldman Sachs issued a new corporate policy banning the use
of all swear words and even the use of bleeped swear words such as f***k and s**t
from corporate emails and texts sent on corporate issued cell phones. The new
policy comes on the heels of recent embarrassing leaks of profanity-laced
emails that were made public in Congressional testimony including . . . → Read More: This Week in Financial Sarcasm: Goldman Sachs, Charles Schwab, Formula Capital & the SEC

Guest Post: Lloyd Blankfein’s Days Are Numbered As Chairman Of Goldman Sachs

Submitted by Charlie Gasparino

Lloyd Blankfein’s Days Are Numbered as Chairman of Goldman Sachs

It’s a testament to the odd world in which we live that when a Wall
Street firm pays a $550 million fine by conceding negligence in how it
dealt with clients, its stock surges, adding billions of dollars in
market value for the firm’s shareholders.

But that’s what’s . . . → Read More: Guest Post: Lloyd Blankfein’s Days Are Numbered As Chairman Of Goldman Sachs

RBS Prepares To Seek More Money Out Of Goldman

While the punditry debates whether the SEC settlement was or was not a win for Goldman (As Bloomberg’s Jonathan Weil summarizes it best: “Here’s the real beauty of the SEC’s settlement agreement yesterday with Goldman Sachs. The next time Goldman Chief Executive Officer Lloyd Blankfein goes on television and is asked by some reporter if Goldman . . . → Read More: RBS Prepares To Seek More Money Out Of Goldman

Unprecedented SPY-ES Divergence On Goldman Settlement News, BP Non-News

SEC’s announcement of a paltry and ridiculously small $550 million Goldman settlement a few minutes before market close means all is well with the economy (and presumably the resignation of Lloyd Blankfein now that Goldman admits it is not admitting fraud). We presume whatever backdoor cash is involved will also stop the Cuomo criminal case into . . . → Read More: Unprecedented SPY-ES Divergence On Goldman Settlement News, BP Non-News

Gossip Grind: Today’s Wall Street Buzz In 60-Seconds

New Wall Street movie #3 is possibly in the works: Ridley Scott and Leo DiCaprio might make “The Wolf of Wall Street.”

This car (pictured), with an air conditioner in the window, is now parked somewhere on Wall Street.

Morale boosting at Goldman: Goldman has a great new lunch deal: 20% off if you buy your lunch in . . . → Read More: Gossip Grind: Today’s Wall Street Buzz In 60-Seconds

Don’t Feel Bad, Warren Buffett Wastes Hours On YouTube Too

Warren Buffett recently sat down with the Huffington Post to answer the question you’ve always wanted to ask: what he does on the Internet.

Check it out:

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See Also:

Hedgeye: Warren Buffett Has Some Explaining To Do Over Moody’s And Goldman – Stat
Warren Buffett Is Wrong: The US Doesn’t Deserve To Be AAA
Warren . . . → Read More: Don’t Feel Bad, Warren Buffett Wastes Hours On YouTube Too

Fixing information asymmetries

In the wake of my blog entry yesterday about the way in which Goldman’s interaction with AIG helped to exacerbate the financial crisis, I got a very interesting email from a former Goldman employee:

Insofar as the law is never going to be perfect, it’s certainly good that we are nice to our neighbors even when the . . . → Read More: Fixing information asymmetries