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Translation: Goldman Sachs to English
 Translation: 
 Goldman Sachs to English 
OPINION
Apr 27, 2010 2:15 PM CDT

Translation: Goldman Sachs to English

Bankers' lingo reveals firm's real intentions, if you know how to read it

(Newser) - The Senate panel investigating Goldman Sachs will have an easier job if it embraces one profound truth, Jonathan Weil writes for Bloomberg : "What you must realize, foremost, is that Goldman's employees speak their own distinct language." Some translations:
  • Sophisticated, as in "among the most sophisticated mortgage investors
...

Fabulous Fab: 'I Regret the Emails'

Goldman Sachs exec Fabrice Tourre faces Senate panel

(Newser) - Fabrice Tourre, the 31-year-old trader who is the only company official directly accused in the SEC suit against Goldman Sachs, testified today that he does not recall telling investors a Goldman hedge fund client had bought into an investment that soured. "I deny categorically the SEC's allegation," Tourre...

Goldman Dodges Questions
 Goldman Dodges 
 Damning Questions 
UPDATED
Apr 27, 2010 11:08 AM CDT

Goldman Dodges Damning Questions

Levin assaults firm on 'shitty deal,' Collins on responsibilities

(Newser) - If you enjoy high-quality squirming and stuttering, tune in to the Goldman Sachs Senate hearing. The assembled executives and former executives have been furiously dodging a series of tough questions from Carl Levin and Susan Collins. “Boy, that Timberwolf was one shitty deal,” Levin read from an internal...

Senate Berates 'Unethical' Goldman

As Code Pink protesters yell 'these guys are crooks'

(Newser) - Goldman Sachs took its lumps on Capitol Hill today, with the Senate investigations subcommittee berating it for taking positions against the securities it was selling. After a brief protest from Code Pink, chairman Carl Levin began the hearing by saying Goldman had treated its customers "not as valuable customers...

65% of Americans Back Stricter Financial Controls
65% of Americans Back Stricter Financial Controls
new poll
Apr 26, 2010 9:18 AM CDT

65% of Americans Back Stricter Financial Controls

Even split on Obama's handling of issue, and reining in derivatives

(Newser) - Two-thirds of Americans say they support tighter regulation of banks in a new Washington Post -ABC News poll, and majorities also agree with the two main components of the Senate bill Democrats are poised to introduce this week: more federal oversight of consumer loans (59% to 38%), and making banks...

McConnell Lacks Votes for Filibuster
 McConnell Lacks  
 Votes for Filibuster 
financial reform
Apr 15, 2010 6:42 PM CDT

McConnell Lacks Votes for Filibuster

Susan Collins balks at signing his letter

(Newser) - Republican hopes of derailing the Democratic bill on financial reform appear to be in trouble. Mitch McConnell doesn't have the necessary votes for a filibuster, reports the Hill . At least one GOP senator, Susan Collins of Maine, has balked at signing a letter promising to bring proceedings to a halt....

Health Reform Bill Won't Stop Premium Hikes

Action on curbs didn't make final cut, leaving 'very big loophole'

(Newser) - Turns out the big health care reform bill doesn't actually rein in those out-of-control premium rate hikes. The Democrats used outrage over whopping increases to corral support for the overhaul, but the bill doesn't deliver, finds the Los Angeles Times , because it doesn't give the government the regulatory authority. "...

McCain Has Sold His Soul: Jon Stewart
 McCain Has Sold 
 His Soul: Jon Stewart 
NON-MAVERICK DEPT.
Apr 7, 2010 9:29 AM CDT

McCain Has Sold His Soul: Jon Stewart

Disavowing 'maverick' rep like Giuliani pleading 9./11 ignorance

(Newser) - Jon Stewart is flabbergasted at John McCain’s recent assertion that “I never considered myself a maverick.” The Comedy Central host doesn’t “even f---ing need to” toss to a montage showing how often McCain has claimed the maverick label. Despite all of the Arizona senator’s...

In Primary Battle, McCain Rejects 'Maverick' Label

Senator must choose between moderation and partisanship

(Newser) - For the first time since 1982, John McCain must fight to retain his US Senate seat. But the challenge is less about the viability of rival JD Hayworth—McCain has much more money and influence—than about which John McCain will prevail. Will it be the storied "maverick" who...

Business Leaders Find Success as GOP Candidates

Rich ex-execs present Tea Party alternative

(Newser) - Business leaders crossing over to politics are finding success as GOP candidates, using their experience and personal fortunes to challenge established Republicans in Senate and gubernatorial races. In California, Meg Whitman has earmarked $39 million for her campaign for governor. In Michigan, Connecticut, and Massachusetts, former executives are making waves...

McCain Vows to Keep Fighting Health Reform, Democrats

Senator, in tough re-election fight, promises 'no cooperation'

(Newser) - The divisive fight over health care reform is over—for now—but the fallout will foil any attempts at bipartisanship, John McCain vowed today. "There will be no cooperation for the rest of the year," he told an Arizona radio station. "They have poisoned the well in...

Blogger Plans Senate Run
 Blogger Plans Senate Run 
Mar 2, 2010 1:39 PM CST

Blogger Plans Senate Run

Online pioneer Mickey Kaus will challenge Barbara Boxer

(Newser) - A prominent political blogger has taken out papers to challenge Barbara Boxer in the US Senate primary in California. Mickey Kaus of Slate likely plans to mount a centrist challenge to Boxer, reports LA Weekly , which scooped Kaus on the story. He says he wants to "argue, as a...

Fellow Republicans Turn on Jim Bunning

Kentucky senator's freeze on employment measure draws bipartisan ire

(Newser) - Senate Republicans are breaking ranks as Jim Bunning continues to stall a $10 billion employment and health measure, with Susan Collins of Maine taking to the floor of the chamber this morning to express her "hope that we can act together for the American people." She urged Bunning...

Fiorina Opponent Promises 'Demon-Sheep-Free Zone'

Chuck DeVore looks to exploit Carly Fiorina's bizarre ad

(Newser) - Chuck DeVore is looking to get as much mileage as possible out of fellow GOP Senate candidate Carly Fiorina's bizarre "demon sheep" ad, the one that accuses Tom Campbell of being a FCINO . He's set up www.demonsheep.org in the name of the "Society for the Eradication...

GOP Moderate Kirk Wins Ill. Senate Primary
GOP Moderate Kirk Wins Ill. Senate Primary
UPDATED
Feb 2, 2010 10:22 PM CST

GOP Moderate Kirk Wins Ill. Senate Primary

Blows away tea-party-backed candidates, will try for Obama's seat

(Newser) - Moderate Mark Kirk has won Illinois’ Republican Senate primary, blowing away two conservative opponents backed by tea-party contingents. The congressman has 56% of the vote with more than 82% of precincts reporting—giving him a 37% edge over Patrick Hughes. Analysts predicted that a clear Kirk victory would take much...

Scott Brown Got Late Push From Wall Street

Financial firms poured $450,000 into his Senate campaign

(Newser) - In the 6 days before the special election for US senator from Massachusetts, employees of financial companies gave a whopping $450,000 to Scott Brown. The donations came just after President Obama proposed a fee on Wall Street’s biggest players to help pay back lost TARP funds. The influx...

Illinois Primary Could Muffle Tea Party Buzz

Moderate favored over 2 conservatives in today's Senate vote

(Newser) - If polls prove accurate, moderate Mark Kirk will emerge victorious from today’s Republican Senate primary in Illinois, beating out two more conservative candidates with tea party backing. His victory would put a dent in the tea party panic gripping the GOP, says Talking Points Memo . Republicans in states including...

Meet Scott Brown, Action Figure

Firm makes doll in private, presidential flavors

(Newser) - Scott Brown hasn't been on the national stage for long, but the senator-elect already has three action figures to his name. Choose from "2012 Executive Scott Brown," "Scott Brown Everyman"—sans pickup truck—or the anatomically correct "Scott Brown Cosmo Doll." “He’s...

Scott Brown: Give Ayla Another Shot on Idol

Senator-elect appeals to Simon Cowell on daughter's behalf

(Newser) - Scott Brown thought Simon Cowell's 2006 critique of daughter Ayla's performance on American Idol was "kind of harsh," but he'd still like the Fox impresario to give his offspring another chance. "Ayla actually respects Simon greatly about his critiquing," the senator-elect from Massachusetts told Barbara Walters...

NY Senate Race Gets Ugly Fast
 NY Senate Race Gets Ugly Fast 
Jan 26, 2010 11:34 AM CST

NY Senate Race Gets Ugly Fast

Incumbent Kirsten Gillibrand, challenger Harold Ford Jr. out for blood

(Newser) - Kirsten Gillibrand isn’t playing nice anymore. The New York Democrat is heeding advisers’ counsel and going for the jugular against Senate primary opponent Harold Ford Jr., who’s been lobbing bombs faster than she can keep up. Until now, Gillibrand’s mostly attacked Ford through proxies, generating little buzz...

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