PORTAL Finance Blog

Category Archives: Goldman Sachs

A Wonderful Life inside the Hudson Castle

Slowly, but surely, the curtain is being pulled back on the methods that Wall Street investment banks used to mislead just about everyone.  Anywhere on the planet that there is financial trouble, Goldman Sachs’ blue chip name is not far … Continue reading →

April 20, 2010 at 12:26 am | Goldman Sachs, Investing, Lehman Brothers

Goldman Sachs Sued…..It’s about time!

Goldman Sachs was sued today for mortgage fraud by the Securities & Exchange Commission (SEC).  Unfortunately, it is a civil lawsuit; which will likely result in the usual outcome:  Goldman Sachs will fight the lawsuit vigorously, lose, pay a fine, … Continue reading →

April 16, 2010 at 7:51 pm | Goldman Sachs, Investing

Rollercoaster Ride continues for Greece

On March 30, Greece was able to raise 5 billion euros in bond debt.  Although the Greeks weren’t happy about the 5.9% interest rate, it was a huge accomplishment and reassuring to investors.  Now, it gets really interesting. Today, there … Continue reading →

April 7, 2010 at 2:07 am | Goldman Sachs, Investing

Greek bond issue complete…at a premium

Greece managed to sell 5 billion Euros in a bond sale last week.  This achievement is great news for the European symbol of poor financial management.  However, the Greek government is still unhappy!  The unhappiness stems from the fact that … Continue reading →

April 1, 2010 at 1:15 pm | Goldman Sachs, Investing

Does Goldman Sachs ever lose money?

I went hunting for an article that could explain the Greek debt crisis in simple terms.  Thanks to The New York Times, I found one.  It is amazing what Goldman Sachs can cook up in the comfort of its swank … Continue reading →

March 4, 2010 at 12:43 am | Federal Reserve Bank, Financial, Goldman Sachs, Investing

Goldman Sachs: Greek Islands First Class Vacation!

The news on the Greek debt debacle is moving so fast that I decided to blog about it this morning.  I should have waited until this afternoon when the juicy information was revealed: (1)  The Fed is now investigating Goldman’s … Continue reading →

February 26, 2010 at 12:29 am | Goldman Sachs, Investing

Goldman Sachs speaks Greek fluently!

What an interesting turn of events in Greece!  First, Greece discloses that it has dramatically fudged its budget numbers and has a budget deficit of 12.7% of GDP.  Next, the Greek government announces austerity measures to reduce the budget gap … Continue reading →

February 25, 2010 at 4:52 pm | Goldman Sachs, Investing

The Greek Debt Saga…..continued

The Greek debt saga continues this week with more interesting news.  In addition to problems with basic math, the Greek government disclosed that it used derivative instruments created by Goldman Sachs to hide a portion of its sovereign debt “off … Continue reading →

February 22, 2010 at 6:07 pm | Goldman Sachs, Investing

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