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Be Very Afraid: Goldman Sachs Is Smiling

High-risk model hasn't changed, could lead to new crisis, says Reich

By Jason Farago, Newser Staff

Posted Jul 15, 2009 7:41 AM CDT

(Newser) – Goldman Sachs is back in the black, with trading and stock underwriting revenues at an all-time high—and that should scare you, former Clinton cabinet member Robert Reich writes in Salon. While Goldman's earnings may signal that the current crisis is abating, the bank hasn't... Read full story »

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Be Very Afraid: Goldman Sachs Is Smiling

High-risk model hasn't changed, could lead to new crisis, says Reich

Wall Street • Goldman Sachs • Robert Reich • FDIC • bailout • risky trading • investment banks • banks • financial crisis • TARP

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More Newser Stories

Goldman's Blankfein Is 'Doing God's Work'

A look behind the scenes at the omnipresent bank

Wall St. Looks to Skirt Bonus Limits With Padded Salaries

Attempt to skirt new rules could anger shareholders

Big Banks Still Think We're Chumps

Citigroup hasn't learned its lesson from financial crisis

US Banks Hiring Again After Layoffs, Bailouts

But headhunting 'selective,' notes banker

Top Subprime Lenders Owned by Bailout Banks

Analysis of gov't data reveals sources of the economic meltdown

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