Lloyd Blankfein

During their 11 hours testimony before the Senate Permanent Subcommittee on Investigations, Goldman Sachs (NYSE: GS) executives reiterated time and again that they acted as mere market makers, whose primary responsibility was to arrange and sell securities backed by mortgages to investors....

The problems for Goldman Sachs (NYSE: GS) continued as the Senate’s Subcommittee on Tuesday accused the bank of “intolerable” conflicts of interest and attacked the bank for profiting from the financial crisis at the expense of its clients. According to the Financial Times, Goldman’s chief...

Goldman Sachs’ (NYSE: GS) legal problems continued unabated on Tuesday as it prepares itself for a Senate hearing. In this hearing, Goldman is expected to defend its actions during the housing crisis. According to the New York Times, Monday saw Senate investigators claim that Goldman Sachs’ complex...

US stock futures continued to drift today, as Goldman Sachs (NYSE: GS) faces a tough round of questioning from a US Senate committee on the extent of the profits it generated from the collapse of the housing market. While futures on the S&P 500 lost 3.5 points to 1204.70, those on the Nasdaq...

A collection of emails, which were released by the Senate panel today, reveal discussions among Goldman Sachs (NYSE: GS) employees about making “serious money” from the falling mortgage markets and the subprime mess in 2007. In one email, Lloyd Blankfein, Goldman’s CEO, wrote, “Of course we didn't...

According to Bloomberg, Warren Buffet’s warrants to buy Goldman Sachs (NYSE: GS) shares dropped by $1.02 billion following the lawsuit filed by the SEC against the Wall Street firm. The warrant on Goldman Sachs, which gives Warren Buffet’s Berkshire Hathaway (NYSE: BRK.A) the right to buy Goldman...

Noted Rochdale Securities analyst Dick Bove, has released a note saying that he thinks Goldman Sachs (NYSE: GS) is still a BUY, but that CEO Lloyd Blankfein or CFO David Viniar may not survive this scandal. He thinks that the company will be forced to offer up a scapegoat. It really is amazing how...

According to a report by the Financial Times, Goldman Sachs (NYSE: GS) is all set to deny investors’ accusations in its annual report due on Wednesday. Taking a robust stance, Goldman Sachs says that it never "bet against" clients during the height of subprime madness resulting into the financial...

Lloyd Blankfein, the head of Goldman Sachs Group Inc. (NYSE: GS), failed to own up to his firm’s role in selling mortgage securities that helped trigger the global credit crisis, said the chairman of the panel investigating the financial meltdown. “Mr. Blankfein himself never admitted that there...

Goldman Sachs Group Inc. (NYSE: GS)(FREE stock trend analysis) decides to pay top managers their 2009 bonuses in stock that cannot be sold for five years. GS seeks to deflect outrage over a near-record pay haul months after it repaid billions of dollars in taxpayer aid. GS’ compensation is on pace...