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The latest dust-up involving Goldman Sachs involves Build America Bonds. The New York Times reports:

Senator Charles E. Grassley of Iowa has asked Goldman Sachs to clarify how much it has collected in underwriting fees as states and cities issue so-called Build America Bonds to raise money for infrastructure projects and create jobs.
The senator, the senior [...]

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By now, you know about the much-discussed swaps that Greece used to conceal it’s debt load.  While the amount of debt concealed is low relative to the total, the mere fact that Greece attempted to conceal its true fiscal position is damning in light of revelations in October that the government’s fiscal hole for 2009 [...]

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Marshall Auerback here with a post which I originally co-wrote at New Deal 2.0 with Randall Wray.
In recent weeks, there has been much discussion about what to do about Greece. These questions become all the more relevant as the country attempts to float a multibillion-euro bond issue later this week. The Financial Times has called [...]

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In another blow to a quick resolution of the Greek sovereign debt crisis, reports are surfacing that multiple banks may have arranged swap contracts with Greece to hide their fiscal shortfalls. Bloomberg is now reporting that up to fifteen banks may be involved.
The debt concealment story started two weeks ago when news of swap contracts [...]

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When is a Fraud Not a Fraud? (Greece-Goldman Edition) – naked capitalism
The Greek derivatives aren’t Goldman’s fault | Analysis
Borg tror inte Greklands plan räcker – DN.se
Lenihan offers advice to Greeks on cutting deficit – European, Business – Independent.ie
How might Greece leave the single currency | Business | guardian.co.uk
nrc.nl – Economie – Griekenland: iedereen [...]

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Marshall Auerback warns that unchecked speculation and fraud are threatening the European Monetary Union.
Marshall Auerback here with a post which I originally published at New Deal 2.0
Surprise, surprise: Wall Street tactics akin to the ones that fostered subprime mortgages in America have worsened the financial crisis shaking Greece, Spain, Portugal, and undermined the euro by [...]

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This is a post by Edward Hugh, who also blogs at Global Economy Matters.

“If you don’t fully understand an instrument, don’t buy it.”
To the above advice from Emilio Botín, Executive Chairman of Spain’s Grupo Santander, I would simply add one small rider: Don’t sell it either, especially if you are a national government trying to [...]

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This is a post which was originally published at A Fistful of Euros.
Well there certainly is a lot happening out there at the moment. And Monday’s successful bond sale which left the Greek government triumphantly proclaiming they could comfortably meet their 2010 borrowing program now seem to belong to a lifetime ago. The bond raised [...]

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The poll results are in on why President Obama has begun a ‘War on Wall Street.’ A majority of CW readers believe President Obama’s recent populist turn and harsh rhetoric directed toward Wall Street is a political stunt. And to the degree CW readers believe otherwise, they see the latest salvos as only a start. [...]

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This is pretty major stuff: Goldman recorded negative compensation in Q4 as zero bonuses are accruing for the quarter.
Reuters says:
The bank recorded negative compensation expense in the fourth quarter because of the contribution to Goldman Sachs Gives, the firm’s charitable arm.
The compensation total was far below the record $20.2 billion the firm paid in 2007, [...]