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Goldman's Gains Are America's Losses

Record earnings show Wall Street behavior hasn't changed

By Jason Farago, Newser Staff

Posted Jul 17, 2009 10:01 AM CDT

(Newser) – Goldman Sachs’ record profits are good for the firm and “bad for America,” writes an irate Paul Krugman in the New York Times. With unemployment soaring, we’re seeing that “Wall Street’s bad habits” haven’t changed, and the government has... Read full story »

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Goldman's Gains Are America's Losses

Record earnings show Wall Street behavior hasn't changed

Wall Street • Goldman Sachs • banking industry • financial crisis • economic crisis

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More Newser Stories

Brain Drain Wallops Wall Street

It's not just the firings: others are leaving for safer jobs

SEC Letting Big Banks Skirt Fraud Penalties

'New York Times' analysis finds 350 instances of banks getting free passes

Long Banks' Worst Enemy, Warren Now Courts Them

'She's listening' as she sets up Consumer Financial Protection Bureau

Did Bankers Go to Jail for Causing Great Depression?

No, although a couple were charged and some were embarrassed

Feds Open Criminal Probe Into Goldman Trades

Prosecutors investigate possible securities fraud

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