Goldman CEO Lloyd Blankfein on Bloomberg Television

Bloomberg TV spoke to Goldman Sachs CEO Lloyd Blankfein today in a much discussed interview. Below is the video and partial transcript of that interview. I provide it without comment

Yves Smith on Goldman Sachs

Yves Q. Smith spoke with Lauren Lyster on RT’s Capital Account show this past Wednesday about Wall Street and Goldman Sachs. Her view is that the points highlighted by Greg Smith in his Op-Ed in the New York Times about Goldman Sachs are not unique to Goldman or to today

[Premium] Daily Commentary: On Goldman Sachs

This daily commentary is a bronze-level post for members only. Everyone is talking about Goldman. Here are my thoughts

Video: The most sensational, inspirational Muppet Show

The most sensational, inspirational celebrational, muppetational… This is what we call the MUPPET SHOW!

William K. Black on MF Global

Bill Black was on Capital Account talking to Lauren Lyster about MF Global. As usual, Capital Account delves deep into the real issues. Black never disappoints. Video below

Video: Mockumentary Presents: Politics in America

An in-depth (and cynical) look at the current political environment in America, from the Occupy Wall Street protesters to the President’s reaction to the Republican Primary via Omid Malekan, creator of the Quantitative Easing Explained and European Crisis Explained videos

Don’t change the change!

A year later everyone is catching on about Fed policy and net interest margins

Last November, in anticipation of QE2, I wrote a post called “How Quantitative Easing and Permanent Zero are Toxic To Bank Net Interest Margins”. The gist of the post was that if the ‘extended period’ for low rates was too long, net interest margins would suffer, especially during a recession. I was looking at Japan and their economic policies and seeing low yields and super-low net interest margins killing bank earnings. Now that we are seeing more movement down on net interest margins (BofA and Wells Fargo both showed margin compression for example), the mainstream media is finally catching on to the connection between Fed policy and net interest margins. You heard it here first though

Jon Stewart: Grecian Burn

Young people and the elderly throw incendiary devices and yogurt to protest Greece’s proposed austerity measures

The $50 Billion Myth – Facebook and Goldman Sachs

By Alex Daley, Casey’s Extraordinary Technology The past few weeks have seen a flurry of news in technology with the mega-sized Consumer Electronics show in Las Vegas ushering in the first new platform for Microsoft Windows in over a decade, the announcement of at least 40 forthcoming mobile phones to be the first class labeled

High Frequency Trading – Tradenator 2: Settlement Day

The same guy who gave us the Quantitative Easing Explained video, produced this hilarious take on high frequency trading last year. The Terminator is out to stop it! Enjoy.     Source: malekanoms

“The Smart Money is Selling Debt”

If you are a corporate CFO, now is the time to issue bonds because interest rates are very low, courtesy of the Federal Reserve. And companies are doing that from IBM, to J&J and Microsoft. These companies don’t need the money; they see ‘free money’ in the form of abnormally low rates and decide to

Goldman’s Gets 25% to 35% of Revenue From Derivatives

No wonder Goldman has resisted derivatives regulation so fiercely. A huge percentage of the firm’s revenue comes from these activities (hat tip R.W.). The Wall Street Journal is reporting that as much as a third of the firm’s revenue came from derivatives last year. Goldman Sachs Group Inc. told the Financial Crisis Inquiry Commission that