Bloomberg scores high marks for simply reporting and not editorializing. Which is why this picture of Goldman Sachs CEO Lloyd Blankfein they’ve been running repeatedly all over their site for the past 1.5 weeks raises an eyebrow (or causes one to furrow). Sure you could argue this is editorializing, especially when they used it in [...]

Anyone who’s got hardline opinions on the SEC’s case against Goldman Sachs should read The Big Picture’s “10 Things You Don’t Know (or were misinformed) About The GS Case.” As usual, Barry Ritholtz’s hardline opinions are better supported than most of the other chatter out there.

Goldman, US Bank Earnings Goldman announced its 1st quarter earnings today. Earnings rose 91% in the quarter, to $3.46 billion, up from $1.81 billion in the same period last year, while revenues increased 36 percent to $12.78 billion, up from $9.42 billion in the quarter a year ago. The bank’s bond, commodities and currency trading [...]

Goldman Sachs shares are currently down 12% today following an SEC lawsuit claiming Goldman committed subprime fraud. The SEC suit alleges Goldman was paid by hedge fund Paulson & Co. to create and market a subprime mortgage derivative product sold under the name Abacus, then Paulson & Co. shorted it while Goldman was marketing it [...]

Today is the release date for Michael Lewis’ new book The Big Short. It’s born out of a November 2008 article called The End that he wrote as a conclusion to Liar’s Poker. Here’s what we said about The End when it was released. Can’t wait to read his new book. When it comes to [...]

Here’s a deep bTunes album for those on The Street who are down. It’s Funhouse, the 1970 second album by the Iggy Pop fronted Stooges, and it’s hailed by most reputable most rock aficionados as the dawn of punk. But it’s way cooler and complex than most punk. If you don’t spring for the whole [...]

Bank stocks are taking the rest of the market down with them today following Obama’s bank regulation proposal announcement. He calls for an end to government backing for banks that engage in proprietary trading. His proposal would have to be approved by congress. Earlier today, Mike Konczal at NewDeal2.0 wrote a piece about the likely [...]

The Business Insider, besides being a good blog run by former Merrill internet stock analyst Henry Blodget, also has a separate research arm called TBI Research. Melding media company with internet/media industry analysis company is a smart business model because it increases revenues without needing to be regulated (much like industry analysis firms such as [...]

Yesterday Senators John McCain (R-Arizona) and Maria Cantwell (D-Washington) proposed reinstating Glass Steagall, the Depression-era body of financial regulations that, among other things, kept traditional banking activities like deposits and lending separate from more sophisticated activities like securities trading and insurance. Glass Steagall was repealed by the Gramm Leach Bliley Act in 1999, which enabled [...]

Thought the healthcare debate was big in 2009? It looks like 2010′s financial regulatory reform debate could be bigger. The House today passed a bill (vote: 223-to-202) authored largely by House Financial Services Committee Chairman Barney Frank that will now be debated and reconciled with a Senate bill over the coming months with an eye [...]