Goldman Sachs
sastyk | April 30, 2010I can't think when I've heard something as disingenuous as Goldman Sachs CEO Lloyd Blankfein's claim that he was "humbled" by his questioning by Congress. Oh, wait, I can...in the musical Chicago, when Billy Flynn, the star attorney points out to Roxy Hart that because people are idiots, we can only sell one idea at a time.
Blankfein's message is that Goldman is good for the economy, that ultimately, Goldman and its ilk are here to serve us and make our lives better. His presentation is reasonable, calm, and sleazy - but he's definitely hoping you'll believe it - that the problem is a…
emjohnson | July 16, 2009With huge profits reported this week from two bailed-out institutions, Sacramento-based real estate investor Reggie Lal is euphoric:
JPMorgan Chase & Co. posted a 36 percent jump in second-quarter profit Thursday, easily surpassing analysts' expectations, as strength in investment banking offset higher credit losses. JPMorgan, the second big bank to report stronger earnings this week after Goldman Sachs Group Inc., earned $2.72 billion, up from $2 billion a year earlier. Revenues soared 39 percent to $25.62 billion.
Results were driven by record investment banking fees and revenue in its…