Articles with Bloomberg Tag
Did Goldman Sachs Manipulate Markets?
By David V. Johnson on Jul 15, 2009
[Update below – Ed.]
Over Independence Day weekend, Sergey Aleynikov, a former Goldman Sachs computer programmer, was arrested by the FBI for allegedly stealing the firm’s high-speed stock- and commodities-trading programming code and uploading it to an unidentified Web server in Germany.
At...
Citigroup’s Bogus Profits
By David V. Johnson on Jun 6, 2009
Remember how Citigroup’s reported $1.6 billion first-quarter profits sparked a rally in financial stocks? Martin Weiss of Weiss Research Inc. thinks Citigroup really suffered a $2.5 billion loss:
Citigroup’s $1.6 billion in first-quarter profit would vanish if accounting were more stringent, says...
Treasury’s Shadowy Bid to Bilk Taxpayers
By David V. Johnson on May 22, 2009
The banks that received money under the Treasury’s Troubled Asset Relief Program also granted stock warrants so that taxpayers could capitalize on the risk of investing their money.
Bloomberg reports that the Treasury is well on its way to screwing taxpayers on the deal:
Banks negotiating to reclaim...
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