Sep 1st 2011 12:50PM
Goldman Sachs, Ocwen Financial Corp. and Litton Loan Servicing will end robo-signing practices and write down as much as $53 million in unpaid principal on New York mortgages as part of an eight-point agreement with an Empire State regulator. In addition, Goldman will forgive 25 percent of the principal balance on New... Continue Reading »
Apr 30th 2010 6:00PM
So what's the story? Are the creeps at Goldman Sachs the most crooked thieves known to humanity, or are they simply going about business as usual on Wall Street? Both sides of the saga have their merits. It doesn't help Goldman's case when emails surface from its reps about selling "shi***y" bonds, or from Fabrice... Continue Reading »
Apr 23rd 2010 1:45PM
A scapegoat is emerging for the U.S. housing market meltdown -- and as a reason for more Wall Street regulation -- and his name is John Paulson. As the very smart manager of a hedge fund bearing his name, Paulson and Co., he created a controversial investment vehicle called the Abacus Fund for Goldman Sachs. The Abacus... Continue Reading »
Apr 21st 2010 8:30AM
You probably already know that the Securities and Exchange Commission alleges that hedge fund Paulson & Co handpicked stinker mortgage-backed securities to put into an investment pool, then bet that the pool would fail. Goldman didn't even buy the securities themselves – it just took investors' money based on... Continue Reading »
Apr 16th 2010 5:00PM
We at Housing Watch had to do a double take when the news came in. The Securities and Exchange Commission is suing Goldman Sachs, and demanding that it return money that the SEC charges was obtained through fraud. The SEC? The same SEC that stood by as securities traders saddled teachers' pension funds with toxic products... Continue Reading »
