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Goldman takes on new role: taking away people's homes
Goldman takes on new role: taking away people's homes
SAN JOSE, Calif. — When California wildfires ruined their jewelry business, Tony Becker and his wife fell months behind on their mortgage payments and experienced firsthand the perils of subprime mortgages.
GOLDMAN SACHS' SECRET BETS (Video)
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Thank goodness we enriched them in the bailout
Rising Hegemon — With the holiday season approaching and Dick Cheney out of office, we need a new Mr. Potter and really, who better than Goldman Sachs? ...

Goldman Sachs seizes homes from subprime borrowers
Open Left - Quick Hits's RSS FeedFrom McClatchy: Goldman spent years buying hundreds of thousands of subprime mortgages, many of them from some of the more unsavory lenders in the business, and packaging them into high-yield bonds. Now that the bottom has fallen out of that market, Goldman finds itself in a different role: as the big banker that takes homes away...

What's Good For Goldman
EschatonMcClatchy: Goldman spent years buying hundreds of thousands of subprime mortgages, many of them from some of the more unsavory lenders in the business, and packaging them into high-yield bonds. Now that the bottom has fallen out of that market, Goldman finds itself in a different role: as the big banker that takes homes away from folks such as the Beckers. The couple alleges that Goldman declined for three years to confirm their suspicions that it had bought their mortgages from a subprime lender, even after they wrote to Goldman's then-Chief Executive ...

This is What a Giant Vampire Squid Looks Like
Angry Bear — Via Greg Mitchell's Twitter feed, lying isn't just for the IB branch any more: Goldman declined for three years to confirm their suspicions that it had bought their mortgages from a subprime lender, even after they wrote to Goldman's then-Chief Executive Henry Paulson — later U.S. Treasury secretary — in 2003. Unable to identify a lender, the couple could neither capitalize on a mortgage hardship provision that would allow them to defer some payments, nor on a state law enabling them to offset their debt against separate, investment-related ...

Joseph A. Palermo: For Wall Street and Goldman Sachs the Party Continues
Politics on HuffingtonPost.com — ... Syndicate, along with its heartless new role as Repo-Man of Americans' homes, drives home the point, once again, that the federal government must do something to tame Wall Street or we're just setting ourselves up to be scammed again. ...

Goldman takes on new role: taking away people's homes
Democratic Underground Latest Breaking News — ... the business, and packaging them into high-yield bonds. Now that the bottom has fallen out of that market, Goldman finds itself in a different role: as the big banker that takes homes away from folks such as the Beckers. The couple alleges that Goldman declined for three years to confirm their suspicions that it had bought their mortgages from a subprime lender, even after they wrote to Goldman's then-Chief Executive Henry Paulson — later U.S. Treasury secretary — in 2003. Read more: http://www.mcclatchydc.com/227/story/77841.html

McClatchy News' Investigative Report on Goldman Sachs - Part 2
Blog For Arizona — ... McClatchy News continues its investigative report on Goldman Sachs with part 2 of the series Goldman takes on new role: taking away people's homes: ...

Non-Sequiturs 11.02.09
Above the Law — ... Will work for food free. [Craigslist] * An argument against privatizing prisons? [New York Times] * County jail doesn't sound so great either. [Ann Arbor Chronicle via Daily Kos] * For the iPhone obsessed. [Business Insider] * Nothing like a Justice Stevens podcast to get you through a marathon. [Concurring Opinions] * Looking for a new reason to hate on Goldman Sachs? [McClatchy Newspapers] * Baby monitors can be used for good or for evil. [Chicago Tribune] ...

Our Political/Media Culture Defined
Eschaton — Dean Baker: They have some good investigative work here, here, and here. If Fox went over Goldman with the same energy it pursued Acorn, no one in Congress would go within a mile of its lobbyists. ...

UPDATED: Corzine loss an Obama repudiation?
Attytood — ... Chris Christie was projected as the next govenor of the Garden State. Ineed, it looks like a good night for Republicans across the board. A repudiation of Obama? Yes and no. Corzine's defeat is largely the result of his own unpopularity, which in turn is the result of continuing a generation of Democratic corruption in New Jersey, and of harsh economic measures that to some degree were necessitated by the recession (being from the evil empire of Goldman Sachs didn't help Corzine either). The early results suggest that the independent campaign of Chris Daggett collapsed in ...

Yet More Reasons The Survey Says Goldman Sucks!
The Garlic — ... the meantime, we'll trot out Richard Dawson, for a hearty call out; "Survey Says ... Goldman Sucks!" Bonus Links NYT Editorial: Goldman’s Non-Apology Igor Volsky - Goldman Sachs Report: Watered Down Senate Bill Would Lead To ‘Bull Case Scenario’ For Insurance Industry Greg Gordon | McClatchy Newspapers: Goldman takes on new role: taking away people's homes ...

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