Lloyd Blankfein

The Elite "Have No Idea" - Society Is Near The Breaking Point

What I find most surprising today is that the insiders and the elite have no idea what is percolating just beneath the surface.  Okay, maybe their arrogance actually produces its own fog, so it should not come as a surprise that they are blinded. They do not look at the calendar, which, if one really looks, says "1788" on it.  Something is close.  Very close.  Society is near the breaking point.

Senators Call For Labor Dept Probe Into Wells Fargo As Warren Buffett Vows To Keep Silent Until After Election

That did not take long. Just hours after a CNN report suggested that Wells Fargo was retaliating, and firing, company whistleblowers who had spoken out against the company's illegal "account creation" practices (while blaming them of being "tardy"), moments ago Reuters reported that Senators have asked the Labor Department to investigate Wells Fargo for potential violations of Fair Labor Standards

Wall Street's Latest Retail Fleecing Product Exposed – Structured CDs

Wall Street is an industry that should have been allowed to go down in flames back in 2008. Bailing out these career criminals and sociopaths was one of the gravest errors in American history. An error that we as a nation continue to suffer from to this day. As an example, yesterday’s Wall Street Journal reported on the industry’s latest scheme to pocket the hard earned savings of those dwindling Americans who still have a few pennies left — structured CDs.

Goldman Fundraising For Failed Malaysian Wealth Fund Probed By NY Bank Regulator

The New York bank regulator has asked Goldman Sachs to "swiftly report" on its internal review of more than $6 billion in bond sales for 1MDB, Malaysia's failed sovereign wealth fund. In a letter, the New York bank regulator also asked Goldman to provide an overview, by June 14, of every investigation in the U.S. and abroad into its work for the fund. This is bad new for Mr. Kimora Lee.

Global Stocks Sharply Lower As Bond Yields Hit New Record Lows; Oil Slides Below $50

Global stocks, U.S. index futures are sharply lower pressured by fears of another day of record low bond yields, as investors start to worry about numerous risk catalysts in the coming weeks, from the Brexit vote to Fed meeting. The Dollar spot index rose for the second day in a row, pushing commodities lower for their first two-day decline since May 24, while WTI has dipped back under $50.

Goldman Crushes Democrat's Dreams: Shows Obamacare Has Cost "A Few Hundred Thousand Jobs"

We suspect Lloyd Blankfein will be receiving a call from The White House (or Treasury) very soon as Goldman Sachs' economists did the unthinkable in the age of political correctness - while investigating the state of under-employment in America, the smartest people in the room found that ObamaCare has led to a rise in involuntary part-time employment, estimating that "a few hundred thousand workers" have been forced to cut hours and has "created disincentives for full-time employment."

Goldman Fires Dozens Of Investment Bankers

Following an abysmal quarter for investment banks around the globe, which saw salary cuts across the board as a result of sliding revenues in virtually all product areas, we forecast that the next logical step will be ongoing major layoffs of some of the world's highest paid employees. This morning none other than the most insulated from global financial troubles bank confirmed just this when Bloomberg reported that Goldman had quietly cut investment banking jobs in the last few weeks, joining securities firms that are adjusting to a slowdown in deal activity.

Goldman Sachs Is The Gift That Keeps On Giving... To The Clintons

By now we all know that Goldman Sachs is the gift that keeps on giving to the Clintons. Whether it's paying millions out for speeches, investing in family member's failing hedge fund ventures, or donating hundreds of thousands to the Clinton Foundation, Goldman seems to be keeping a close relationship with the family. But, with The Intercept dogging Hillary's every move seeking uncomfortable truths to awkward questions, perhaps the gift of Goldman is now a growing inconvenience on the campaign trail.

Hillary Clinton Son-In-Law's Hedge Fund Shuts Down Greek Fund After 90% Loss

It was a hedge fund portfolio pitched by Hillary Clinton’s son-in-law, Marc Mezvinsky, as an opportunity to bet on a Greek economic revival.  Now, two years later, the Greece-focused fund is shutting down, after losing nearly 90% of its value. Investors were told last month that the fund would close. The fund, Eaglevale Hellenic Opportunity, had raised $25 million from investors to buy Greek bank stocks and government debt.