• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • goldman sachs

    As Commodities Prices Fall, Economic Freedom Should Rise

    New reports are hinting that an end to the decade-long run-up of the prices of commodities prices is here. For years, emerging markets such as China rapidly sucked up natural resources to fuel their hasty economic expansions, inflating the cost of commodities such as coal, iron, and oil. Meanwhile, resource-endowed … More

    Critics Resort to Canned Rhetoric in Goldman Sachs Attack

    Goldman Sachs and other big banks have been accused of costing American consumers more than $5 billion over the past three years through its dealings in the obscure business of warehousing aluminum. These dealings were the subject of a Senate hearing on July 23. The rhetoric level was high, exemplified … More

    Boehner Is Right: Tell the Wall Street Moguls "No Tax Hikes"

    Speaker of the U.S. House of Representatives John Boehner (R-OH) has made clear that he opposes tax hikes on Americans. Tax hikes would slow the economy even more and kill jobs. But some “titans of finance” want Congress to hike your taxes. Lloyd Blankfein of Goldman Sachs uttered to Politico … More

    Scandal-Tainted MF Global President Still Serving as EPA Financial Adviser

    Before he became president of MF Global, the bankrupt brokerage firm that lost $1.2 billion in client money, Bradley Abelow spent time as New Jersey’s treasurer and former Gov. Jon Corzine’s chief of staff. In those roles, Abelow served alongside Lisa Jackson, who led the state environmental protection department and eventually … More

    Alternate Titles for "Day Without Goldman Sachs"

    On December 12, Occupy Wall Street (OWS) attempted to shut down West Coast ports from Anchorage to San Diego. Protesters said that by shutting down the ports, they could shut down Wall Street’s profits. OWS organizers called their event “Day Without Goldman Sachs.” They also could have named their port … More

    How Smart Growth Policies Helped Paulson and Goldman Sachs Short Housing

    Everybody now knows that the hedge fund at the center of the Goldman Sachs SEC complaint, Paulson & Co., made a fortune by selecting credit default obligations made up of high risk mortgages. What is less well known is how Paulson picked mortgages. The Wall Street Journal reports: “According to … More

    Obama Plan Blows Secret Kisses to Wall Street

    Somebody spilled the beans Tuesday, telling the truth about the financial reform bill being debated in Congress. But most media ignored it. Rather than being the targets of this bill, Wall Street financiers will be rewarded by it. The chairman of Goldman Sachs, Lloyd Blankfein, told a Senate subcommittee, “The … More

    Morning Bell: The Senate's Goldman Kabuki

    The New York Times reports this morning, “Politicians like nothing more than a convenient foil, and Democrats locked in a stubborn impasse with Republicans over new rules to govern Wall Street believe they have found a gold-plated one in Goldman Sachs. Democrats say the convergence of their push for an … More

    Morning Bell: Wall Street Bailouts Forever

    There is no person more central to Washington’s bailouts of Wall Street than Treasury Secretary Timothy Geithner. As President of the Federal Reserve Bank of New York, he oversaw the federal bailout of Bear Stearns and under former Treasury Secretary Hank Paulson, Getihner designed the original bailout plan for the … More

    TARP: Will This Crony Capitalist Slush Fund Ever Die?

    It’s been used to buy one car company, give another to union allies, punish non-union workers, undermine the bankruptcy code, enrich Wall Street at the expense of Main Street, keep unionized Zombie firms from dying, and generally terrorize the world economy. Now the left in Congress wants to use it … More