Lloyd Blankfein

EB's picture

As PFG Falls, a Return to the MF Global / Eric Holder Connection and How to Keep an Investigation Stale

Wasendorf take note: step 1, become powerful governor and/or senator (editor of SFO magazine won't cut it); step 2, hire Blankfein's lawyer for key personnel who can throw you under the bus

Tyler Durden's picture

Frontrunning: June 14

  • Greek Banks Under Pressure (WSJ)
  • France Seeks Eurozone Stability Package (FT)
  • Germany Dashes Eurozone Expectations (FT)
  • Geithner Says European Leaders Know They Must Do More (Bloomberg)
  • In Athens, Party Aims to Delay Austerity (WSJ)
  • Rajoy Battles ECB for Loans; Monti Appeals for EU Action (Bloomberg)
  • Nokia Slashes 10,000 Jobs, Cuts Outlook (WSJ)
  • H-1B Visas Hit the Cap, Sending Companies to Plan B (Businessweek)
  • Swiss National Bank Vows to Defend Currency Floor (WSJ)
  • Euro Crisis Deeper With Moody’s Downgrading Spain, Cyprus (Bloomberg)
  • When all else fails... Truckers As Leading Indicator Show Stable U.S. Economic Growth (Bloomberg)
Tyler Durden's picture

Frontrunning: June 5

  • Spain says markets are closing to it as G7 confers (Reuters)
  • Germany Pushes EU Bank Oversight (WSJ)
  • Falling Oil Prices Are No Mystery (Bloomberg)
  • Aussie Rises After RBA Cuts Rate Less Than Swaps Suggest (Bloomberg)
  • Euro falls on Spain worries as market awaits G7 (Reuters)
  • Bad News Piles Up for China's Economy (Bloomberg)
  • Japan Lawmakers Push to Curb Central Bank (WSJ)
  • Lawyer Kluger Gets 12 Years, Bauer 9 for Insider Trades (Bloomberg)
  • All eyes on Wisconsin governor's recall election (Reuters)
  • The Global Obesity Bomb (BusinessWeek)
Tyler Durden's picture

Frontrunning: May 18

  • Inside J.P. Morgan's Blunder (WSJ) - Where we learn that Jamie Dimon did not inform his regulator, the Fed, where he is a board member of the massive JPM loss even as he was fully aware of the possible unlimited downside
  • Euro Attempted Recovery Countered By Asian Sovereigns (MNI)
  • Santander, BBVA Among Spanish Banks Downgraded by Moody’s (Bloomberg)
  • Defiant Message From Greece (WSJ)
  • G-8 Leaders to Discuss Oil Market as Iran Embargo Nears (Bloomberg)
  • Spain hires Goldman Sachs to value Bankia (Reuters)
  • China to exclude foreign firms in shale gas tender (Reuters)
  • Fed Board Nominees Powell, Stein Win Senate Confirmation (Bloomberg)
  • Defiant Message From Greece (WSJ)
  • Fitch Cuts Greece as Leaders Spar Over Euro Membership (Bloomberg)
  • Madrid Hails Moves by Regions to Cut Spending (WSJ)
smartknowledgeu's picture

Does 12-Year-Old Canadian Victoria Grant Understand More About the Most Important Truth in Life Than You?

12-year old Victoria Grant drops knowledge on adults that can't put two and two together and figure out that our immoral, morally reprehensible fractional reserve banking system is responsible for the  majority of misery and suffering in the world today.

williambanzai7's picture


Economy? Systemic risk? Systematic fraud? Too Big To Fail?  Wall Street? Fraudclosure? What's all that?

Tyler Durden's picture

Guest Post: Obama Embraces Gay Marriage

I’m in favour of consenting adults being able to do whatever they like with each other, but the fact that the current push for gay marriage is supported by Lloyd Blankfein and Goldman Sachs makes me very suspicious (does he want to sell securitised gay marriage debt?). It just seems like an easy issue for Obama to posture on, while trampling the Constitution into the dirt. When it comes to civil liberties, Obama has always talked a good game, and then acted more authoritarian than Bush. He talked about an end to the abuses of the Bush years and an open and transparent government, yet extended the Fourth-Amendment-shredding Patriot Act, empowered the TSA to produce naked body scans and engage in humiliatingly sexual pat-downs, signed indefinite detention of American citizens into law, claimed and exercised the power to assassinate American citizens without trial, and aggressively prosecuted whistleblowers. Under his watch the U.S. army even produced a document planning for the reeducation of political activists in internment camps. Reeducation camps? In America? And some on the left are still crowing that talking about being in favour of gay marriage makes him “pro civil liberties”? Is this a joke?

Tyler Durden's picture

Frontrunning: May 4

  • Japan has 54 nuclear reactors, but as of Saturday, not one of them will be in operation (Guardian)
  • US Readies Proposal to Clamp Down on Fracking (Reuters)
  • California pension fund (CALSTRS) sues Wal-Mart, alleges bribery (Reuters)
  • New Ripples for Gupta Case: Goldman Share Price, Volume Began Climbing Even Before Rajaratnam Trades (WSJ)
  • China says blind dissident can apply to study abroad (Reuters)
  • China paper calls Chen a U.S. pawn; envoy is a "troublemaker" (Reuters)
  • Samsung’s New Galaxy S Phone Raises Heat on Apple Iphone (Bloomberg)
  • Draghi predicts 2012 eurozone recovery  (FT)
  • Tumbling Home Ownership Marks a Return to Normal (Bloomberg)
  • Zuckerberg Facebook IPO to Make Him Richer Than Ballmer (Bloomberg)
  • SEC probes Chesapeake and its chief (FT)
Tyler Durden's picture

Frontrunning: April 26

  • Fed Holds Rates Steady, But Outlooks Shift (Hilsenrath)
  • Has Obama Stacked the Fed? Not Really (Hilsenrath)
  • High Court Skeptical of Obama’s Use of Power as Campaign Starts (Bloomberg)
  • Europe Seen Adding Growth Terms to Budget Rules as Focus Shifts (Bloomberg)
  • China Reaches Out to Its Adversaries Over Rare Earths (WSJ)
  • Iran Says It May Halt Nuclear Program Over Sanctions (Bloomberg)
  • Europe Shifts Crisis Focus to Growth as Merkel Backs Draghi Call (Bloomberg)
  • Merkel Wants Rules for Raw Material Derivative Trade (Reuters)
  • Evercore Profit Falls 62% as Investment Banking Expenses Rise (Bloomberg)
Tyler Durden's picture

A Spinning Blankfein Responds If Goldman Is Still A Vampire Squid

It seems the PR machine was in full swing today for everyone's favorite Muppet-slayer-in-chief as Goldman Sachs' Lloyd Blankfein did the business media tour. Bloomberg TV, in the clip below, were perhaps toughest on the domed demi-god as they pressed him on the public's perspective of his firm as the 'vampire squid' to which he responded in glib-yet-deferential terms that "it is hyperbole and we'll have to do a better job of explaining how important this industry is". Indeed Lloyd, indeed. A grand collection of ducking-and-weaving as Erik Schatzker peppered the CEO with questions on his changing priorities as a CEO (wealth creation for partners clients), conflicts of interest ("if you want to rule out conflicts of interest, you'll just give advice to one client in one industry and never do any lending or support for the capital structure of the firm.  It's just not feasible."), on Arthur Levitt's statement of Goldman's hypocrisy (as a market-maker we have to protect Goldman Sachs), being too big to fail, the markets and economy (tend to be a little more positive than what I am hearing from other people), and finally the Facebook IPO.

Tyler Durden's picture

Frontrunning: April 2

  • Mixed signals from China's factories in March (Reuters)
  • EU wants G20 to boost IMF funds after Eurogroup move (Reuters)
  • Euro Leaders Seek Global Help After Firewall Boosted (Bloomberg)
  • Euro-Region Unemployment Surges to Highest in More Than 14 Years (Bloomberg)
  • Big banks prepare to pay back LTRO loans (FT) ... don't hold your breath
  • Coty Inc. Proposes to Acquire Avon Products, Inc. for $23.25 Per Share in Cash (PRnewswire)
  • Spain Record Home Price Drop Seen With Bank Pressure (Bloomberg)
  • Firm dropped by Visa says under 1.5 million card numbers stolen (Reuters)
  • Japan Tankan Stagnates With Yen Seen as Threat (Bloomberg)
  • Fed to buy $44 billion Treasuries in April, sell $43 billion (Reuters)
Tyler Durden's picture

Frontrunning: March 28

  • Greece's Fringe Parties Surge Amid Bailout Ire (WSJ)
  • ECB fails to stem reduction in lending (FT)
  • More Twists for Spanish Banks (WSJ)
  • Banks use ECB cash to buy bonds, lend less to firms (IFR)
  • UK still long way off pre-crisis growth – King (Reuters)
  • Dublin confident of ECB deal to defer payment (FT)
  • Goldman's European derivatives revenue soars (Reuters)
  • Japan Faces Tax Battle as DPJ Finishes Plan on Sales Levy (Bloomberg)
  • Insurance Mandate Splits US Court (FT)
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