Goldman Sachs announced in 2009 a new effort called 10,000 Small Businesses.
This $500 million, five-year program aims to unlock the growth and job-creation
potential of 10,000 businesses across the United States
Contents contributed and discussions participated by sam kopmar
Criteria for Blame - 20 views
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In the case of due dilligence for Goldman Sachs really they were not so much committing a crime as they were being more unethical in their efforts to bring in revenue. Selling off high risk securities and making it known they are high risk is not illegal.
Goldman Sachs Annual Report Defends Its Role in Credit Crisis - DailyFinance - 0 views
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Not really evidence either way in the Goldman Sachs case in the financial crisis, just showing that they are not as evil as made out to be.
THE GOLDMAN SACHS GROUP, INC. (GS.N) Company Profile | Reuters.com - 0 views
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Goldman Sachs markets in and trades a range of credit and credit-linked products worldwide, including credit derivatives, investment-grade corporate securities, high-yield securities, bank and secured loans (origination and trading), municipal securities, and emerging market and distressed debt.
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The Company’s markets in and trades a variety of interest rate products, including interest rate swaps, options and other derivatives, and government bonds, as well as money market instruments, such as commercial paper, treasury bills, repurchase agreements and other liquid securities and instruments.
Goldman Sachs | On the Issues - Overview of Goldman Sachs' Interaction with AIG and Gol... - 1 views
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Goldman Sachs has stated consistently that the firm did not have a significant economic exposure to AIG.
Report: Consumers To Blame For Financial Crisis | Debt Consolidation Solutions - 0 views
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The Mckinsey report blames middle-class consumers… Americans, Britons, Canadians, and others for purchasing more home than they could afford.
House Advantage - Product Design - Banks That Bundled Bad Debt Also Bet Against It - N... - 0 views
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buyers were not misled because they were advised that Goldman was placing large bets against the securities. “We were very open with all the risks that we thought we sold. When you’re facing a tidal wave of people who want to invest, it’s hard to stop them,” he said.
Goldman Sachs: Don't Blame Us - BusinessWeek - 0 views
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Goldman bankers merely did their jobs, no more and no less. The firm had no subprime agenda, no motives that were at odds with those of their clients. If they were half as smart and devious as the public believes, Goldman would have done far better than it did in 2008.
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sam kopmar
Financial Crisis Responsibility Fee:
A tax proposed in 2010 to be levied on financial firms that received money from the Troubled Asset Relief Program (TARP). The Financial Crisis Responsibility Fee would continue to be used until the United States recoups the costs from stabilizing Wall Street during the 2007-2010 financial crisis.
It is designed to be levied on the highly-leveraged firms considered to be at the root of the 2007-2010 financial crisis, and will mostly likely affect larger financial firms.
http://www.investopedia.com/terms/f/financial-crisis-responsibility-fee.asp