Hey, I’ve got good news and bad news this fine and wonderful morning. The good news is that there may well be a new investment opportunity for those of us eager to improve our financial means. The bad news is that it consists of a hedge fund run by none other than Jon “I simply do not know where the money is” Corzine. If this | Read More »
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss Greg Smith’s controversial resignation letter from Goldman Sachs, how this will impact the perception of Goldman and the rest of Wall Street and what political ramifications this may bring. We’re brought to you as always by BigGovernment and Stephen | Read More »
Remember jatropha? In 2007, Goldman Sachs called it one of the best candidates for future biofuels. Time Magazine touted its promise in an article from January, 2009: Renewable energy, it turns out, does grow on trees. The fruit pods plucked from jatropha trees have seeds that produce clean-burning diesel fuel. But unlike corn and other biofuel sources, the jatropha doesn’t have to compete with food | Read More »
From the diaries by Erick It didn’t take long for former Senator Judd Gregg to use his influence to try to push the bidding of Wall Street at the expense of middle America. Yesterday, Gregg wrote an Op Ed for The Hill where he thrashed the Balanced Budget Amendment “to dodge debt-ceiling action.” Gregg tries to redefine conservatism. One of the best ways to guarantee | Read More »
If sophistication is the ability to understand different kinds of people and grapple with different ideas, Matt Taibbi’s latest Tea Party bashing piece in Rolling Stone can best be read as an expose of the provincial unsophistication of Taibbi, his editors, and any readers who take his article seriously. Taibbi’s piece is a slovenly mess of leftist tropes, with his usual lazy approach to basic | Read More »
We should not be surprised. Goldman Sachs’ new top lobbyist was recently the top staffer to Rep. Barney Frank, D-Mass., on the House Financial Services Committee chaired by Frank. Michael Paese, a registered lobbyist for the Securities Industries and Financial Markets Association since he left Frank’s committee in September, will join Goldman as director of government affairs, a role held last year by former Tom | Read More »
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