Tag Archives: Goldman Sachs

Goldman Sachs Warns Pharma Investors: Cures Don’t Provide Sustained Revenue, Chronic Illness Is Better

Yahoo Finance reports: Goldman Sachs analysts attempted to address a touchy subject for biotech companies, especially those involved in the pioneering “gene therapy” treatment: cures could be bad for business in the long run. “Is curing patients a sustainable business model?” analysts ask in an April 10 report entitled “The Genome Revolution.” “The potential to deliver ‘one shot cures’ is ...

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Trump: I Only Want Rich People In Charge [VIDEO]

TIME Magazine reports: Contradicting rhetoric from his presidential campaign, President Donald Trump explained why he chose Wall Street billionaires for several of his Cabinet roles during a campaign-style rally in Cedar Rapids, Iowa, Wednesday evening. “So somebody said, ‘Why did you appoint a rich person to be in charge of the economy?’ I said, ‘Because that’s the kind of thinking ...

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LIVE VIDEO: Steve Mnuchin’s Confirmation Hearing

The Guardian reports on what to expect: Mnuchin made much of his fortune by capitalising on the housing crisis. In 2008 Mnuchin and his partners took over IndyMac, a Californian bank that had been felled by its risky lending practices in the financial crisis and taken over by the government. Mnuchin told the Wall Street Journal last year he was ...

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Trump Taps Goldman Sachs Advisor To Head SEC

Swampity swamp swamp. The New York Times reports: President-elect Donald J. Trump said on Wednesday that he planned to nominate Jay Clayton, a partner with the prominent New York law firm Sullivan & Cromwell, to lead the Securities and Exchange Commission, the latest appointment with strong ties to Wall Street. If confirmed, Mr. Clayton will be responsible for “encouraging investment ...

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Newt Gingrich: Donald Trump No Longer Talks About “Draining The Swamp” Because It Sounds Undignified

Politico reports: President-elect Donald Trump campaigned on a promised to “drain the swamp” in Washington of corruption, but now that he’s preparing to move into the White House, Newt Gingrich said the Manhattan billionaire is looking to distance himself from that message. “I’m told he now just disclaims that. He now says it was cute, but he doesn’t want to ...

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SWAMP THING: Trump Names Zillionaire Goldman Sachs President Gary Cohn To Run Economic Council

The Hill reports: Donald Trump has picked Goldman Sachs president Gary Cohn to direct the National Economic Council in the White House, NBC News reported Friday morning. The council helps advise the president on economic policy. Cohn would be the second Goldman-linked appointment for the president-elect, who already named former Goldman Sachs partner Steven Mnuchin as Treasury secretary. Cohn met ...

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WHO’S SORRY NOW: Woman Who Lost Her Home To Bankster Steve Mnuchin Regrets Voting For Trump

The Associated Press reports: When Donald Trump named his Treasury secretary, Teena Colebrook felt her heart sink. She had voted for the president-elect on the belief that he would knock the moneyed elites from their perch in Washington, D.C. And she knew Trump’s pick for Treasury, Steven Mnuchin, all too well. OneWest, a bank formerly owned by a group of ...

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Treasury Pick Scrubbed Address Of His $26M Mansion From The Web Due To Mortgage Crisis Protesters

The New York Daily News reports: Donald Trump’s Treasury pick treasures his family’s privacy. Steven Mnuchin told a judge during his 2014 divorce he wanted his home address kept private because he was worried protesters upset by foreclosures might harm his three young kids – and he even got the address wiped off the internet. In a sworn statement requesting ...

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Warren Rips Trump Over Goldman Sachs Picks [VIDEO]

CNN reports: Democratic Sen. Elizabeth Warren, who’s been an outspoken critic of President-elect Donald Trump, slammed him for saying he’s “for the American people” before he selected Steven Mnuchin, a former Goldman Sachs banker, to be treasury secretary in his administration. “He promised that he was going to run this government for the American people and not for Wall Street. ...

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SWAMP THING: Trump Considers Goldman Sachs President Gary Cohn For Senior Administration Position

Via Politico: President-elect Donald Trump is considering Goldman Sachs President Gary Cohn for a senior administration job, possibly as director of the Office of Management and Budget, several sources close to the situation said on Wednesday. People familiar with the matter say Cohn’s meeting with Trump on Tuesday included talks about a potential job in the new administration, possibly to ...

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SWAMPY SWAMP SWAMP: Trump Names Goldman Sachs Bankster Steve Mnuchin As Treasury Secretary

The Wall Street Journal reports: President-elect Donald Trump will name longtime banker and former Goldman Sachs executive Steven Mnuchin as Treasury secretary, turning to a campaign loyalist and fundraiser for the incoming administration’s top economic cabinet post, a transition official said Tuesday. Mr. Mnuchin built his career sniffing out undervalued assets and converting them into massive profits. But perhaps his ...

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DRAIN THE SWAMP: Trump Poised To Name Goldman Sachs Exec Steve Mnuchin As Treasury Secretary

Salon reports: Despite his promise to “drain the swamp,” it looks like President-elect Donald Trump is prepared to nominate one of Wall Street’s most notorious bog monsters to be America’s next secretary of the Treasury. Steven Mnuchin, who served as the Trump campaign’s national finance chairman, has been recommended by the Trump transition team for the top post in the ...

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Donald Trump Taunts Ted Cruz Over Birther Lawsuit And Wall Street Loan Flap: “Goldman Sachs Owns Him”

The Hill reports: Republican presidential front-runner Donald Trump took aim at rival Ted Cruz in a series of Saturday morning tweets, taunting Cruz over challenges to his citizenship and reports that he did not disclose campaign loans. Trump has tried to stoke concerns that Cruz would face legal challenges to his eligibility for president because he was born in Canada. ...

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BOMBSHELL: Ted Cruz Failed To Disclose Senate Campaign Loan From Wife’s Employer Goldman Sachs

The Federal Elections Commission is likely have a big problem with this. The New York Times reports: As Ted Cruz tells it, the story of how he financed his upstart campaign for the United States Senate four years ago is an endearing example of loyalty and shared sacrifice between a married couple. “Sweetheart, I’d like us to liquidate our entire ...

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TOMORROW: Activists To Protest HRC Fundraiser In Los Angeles

Tomorrow’s HRC fundraiser in Los Angeles will be jointly protested by GetEQUAL and Occupy Wall Street. Via press release: [We] will protest the HRC’s Los Angeles fundraising gala in response to their selection of Goldman Sachs CEO, Lloyd Blankfein, as the national corporate spokesperson for marriage equality and for honoring Sachs with the HRC Corporate Equality award. Additionally, the protest ...

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NYPD Breaks Up HRC Gala Protest

Despite having been given assurances that they could peaceably protest on the sidewalk outside Manhattan’s glitzy Waldorf-Astoria, on Saturday the NYPD broke up the Occupy Wall Street demonstration during the Human Rights Campaign $650/plate gala to honor Goldman Sachs. Via press release: In NYC Saturday night, February 4, 2012, approximately 80 LGBT grassroots activists from a variety of groups united ...

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Sen. Carl Levin Calls Out Goldman Sachs Partner For “Shitty Deal”

And you probably haven’t heard “shitty” used ten times in three minutes on C-SPAN.

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$100M Bonus For Goldman Sachs CEO?

Goldman Sachs, favorite whipping boy of the teabaggers (and just about everybody else), is said to be considering a bonus for its CEO Lloyd Blankfein that may reach $100M. Goldman Sachs, the world’s richest investment bank, is facing a potential political storm over how much it pays its chief executive, Lloyd Blankfein. Bankers in Davos for the World Economic Forum ...

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