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DAVID ROSEN – What Happens When the Trump Bubble Bursts?

On January 20, 2017, president-elect Donald Trump will be inaugurated the nation’s 45th President.  Almost a year to the date, on January 24, 2016, Republican candidate Trump boasted at a Sioux Center, IA, campaign rally, “I could stand in the middle of Fifth Avenue and shoot somebody and I wouldn’t lose voters.”  Sadly, he was probably right then — and …

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Michael Arria – If Obama Had Prosecuted Goldman Sachs’ Brain Trust, We Wouldn’t Be Plagued by Them Again in Trump’s Cabinet

In September of this year Massachusetts Senator Elizabeth Warren sent a letter to Michael E. Horowitz, the Inspector General of the Department of Justice, requesting an investigation into why the Obama administration failed to prosecute any Wall Street executives after the financial crash. Warren’s letter pointed to findings by Financial Crisis Inquiry Commission (FCIC), which had provided the Justice Department with 25 …

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BESS LEVIN – FORECLOSING ON A 90-YEAR-OLD WOMAN OVER 27 CENTS AND OTHER HEARTWARMING TALES FROM STEVEN MNUCHIN’S DAYS AT ONEWEST

Since it was announced Tuesday evening that Donald Trump will nominate Steven Mnuchin for Treasury secretary, a lot of time has been spent focusing on the 17 years Mnuchin worked at Goldman Sachs and whether it should disqualify him for the job. And while some might argue that having Goldman Sachs on your résumé helps qualify a person for this …

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Lee Fang – Hillary Clinton Won’t Say How Much Goldman Sachs CEO Invested With Her Son-in-Law

.When Hillary Clinton’s son-in-law sought funding for his new hedge fund in 2011, he found financial backing from one of the biggest names on Wall Street: Goldman Sachs chief executive Lloyd Blankfein The fund, called Eaglevale Partners, was founded by Chelsea Clinton’s husband, Marc Mezvinsky, and two of his partners. Blankfein not only personally invested in the fund, but allowed his association …

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JP Sottile – Hillary Clinton’s Pay-for-Play Reality

It was supposed to be a feel-good moment. The Chairman and CEO of the world’s most powerful financial institution dropped by CNBC’s Squawk Box to crow a bit about his recovery from cancer. But it didn’t quite go the way Lloyd Blankfein — or Hillary Clinton — might’ve wanted. First, the recently-minted billionaire boss of Goldman Sachs compared his 600 hours of chemotherapy to dropping “napalm” on …

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Josh Voorhees – Why Hillary Clinton Won’t Release Her Goldman Sachs Transcripts

Pressed during Thursday’s Democratic debate, Hillary Clinton said that she would “certainly look into” releasing the transcripts of the paid speeches she gave in private to Goldman Sachs and other Wall Street institutions. By Sunday, her promised careful consideration was apparently complete. “Let everybody who’s ever given a speech to any private group under any circumstances release them—we’ll all release …

How Goldman Sachs Profited from the Greek Debt Crisis – ROBERT REICH

The Greek debt crisis offers another illustration of Wall Street’s powers of persuasion and predation, although the Street is missing from most accounts. The crisis was exacerbated years ago by a deal with Goldman Sachs, engineered by Goldman’s current CEO, Lloyd Blankfein. Blankfein and his Goldman team helped Greece hide the true extent of its debt, and in the process …

What’s Really Behind Goldman Sach’s Bullish Stance on China Stocks? By Pam Martens and Russ Martens

Goldman Sachs is raising eyebrows on Wall Street with its unchecked bullish stance on the stock markets in China, as other major Wall Street firms issue investor cautions or take outright negative outlooks. Communist government intervention in Chinese markets is reaching unprecedented levels of meddling. Companies have been allowed to simply stop trading their shares to halt further price declines; …

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Goldman Sachs Doesn’t Have Clean Hands in Greece Crisis By Pam Martens and Russ Martens

Are Goldman Sachs executives Lloyd Blankfein, Gary Cohn and Addy Loudiadis losing any sleep over elderly pensioners waiting outside shuttered banks in Greece, desperately trying to obtain their pension checks to pay their rent and buy food? Are these Goldman honchos feeling a small pang of conscience over the humiliation by creditors of this once proud country? Perhaps Blankfein, who …