Fed Investigating GS over Greece 
In what I'm quite certain will amount to much ado about nothing, Ben Bernanke testified before Congress today that the Federal Reserve is investigating Goldman Sachs's part in the Greek debt crisis. Evidently, destabilizing a sovereign nation for fun and profit is not okay anymore.
“We are looking into a number of questions relating to Goldman Sachs and other companies and their arrangements with Greece,” Mr Bernanke said, noting that the US Securities and Exchange Commission was also interested in the issue.
In the event the bank is found guilty of wrongdoing, the penalties could be steep. Possible sanctions being discussed include the appointment of Timothy Geithner to Goldman's board, increased corporate welfare to keep Goldman execs in the highest possible tax bracket, and Yankees season tickets for every rank-and-file Goldman employee.
It's good to be king.
Comments
And who is investigating the
And who is investigating the Fed?
Ron Paul and Peter Schiff
Ron Paul and Peter Schiff
Wall Street leaders now understand that they made a mistake, one born of their innocent and trusting nature. They trusted ordinary Americans to behave more responsibly than they themselves ever would, and these ordinary Americans betrayed their trust.
This will probably amount to
This will probably amount to nothing, but incoming GS hires should be quietly paying attention to this. It's a great firm where you shouldn't need any sort of contingency plan, but it might not be a horrible idea to just stay on cordial terms with some of the other hiring managers that made you offers.
This comes from someone who lived through 2008.
Work hard, play hard.