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Reality catching up to Goldman Sachs

November 4, 2008 — 8:13pm ET | By Jim Kim
The Teflon is wearing thin, and the credit crisis is sticking it to Goldman Sachs hard. We noted this week that at least one analyst now predicts a fourth quarter loss, which would be the firm's... Read more...

Case study: How cities and states ended up being hedge funds

November 2, 2008 — 10:04am ET | By Jim Kim
The New York Times offers an interesting story of how cities and state entities ended up ensnared in the global credit crisis. We've noted that many of them face some severe financing hardships, even... Read more...

Mortgage underwriter tells all about WaMu

November 2, 2008 — 10:02am ET | By Jim Kim
"At WaMu it wasn't about the quality of the loans; it was about the numbers. They didn't care if we were giving loans to people that didn't qualify. Instead, it was 'How many loans did you guys close... Read more...

BlackRock's role in the crisis

October 31, 2008 — 11:39am ET | By Jim Kim
BlackRock CEO Larry Fink is dominating the headlines like he did a few months ago, when it seemed like he was a candidate for every high-profile open CEO position. His firm is playing an active role... Read more...

Bank CEO cash payout raising brows

October 29, 2008 — 12:44pm ET | By Jim Kim
South Financial Group chairman, president and CEO Mack Whittle stepped down with a $12 million payday that the company intends to honor. The twist here is that the resignation came a few days after... Read more...

Video: CNN's Culprits of the Crisis - Alan Greenspan

October 24, 2008 — 8:33am ET | By Dan Bowman
Check out the CNN video on Alan Greenspan below: Embedded video from CNN Video... Read more...

Wachovia's earnings: A shocking loss

October 22, 2008 — 1:09pm ET | By Jim Kim
Wachovia's last earnings announcement was a doozy. It reported a massive $24 billion loss. That's $2.23 a share loss versus... Read more...

Citadel among funds getting hit by crisis

October 8, 2008 — 7:44pm ET | By Jim Kim
In many ways, Kenneth Griffin would appear to be type-cast as a hedge fund manager. He's made billions. He bought a Cezanne for $60 million. He was married at Versailles. But there is nothing... Read more...

A look at Fannie's demise

October 5, 2008 — 9:40am ET | By Jim Kim
So who's to blame for the credit mess the whole country is now in? Well, it would be too easy to point a finger at any single entity. The New York Times offers an insightful look at one of several... Read more...

On tap: Pain for cities

September 30, 2008 — 5:41pm ET | By Jim Kim
In this credit crunch, corporations and consumers have gotten all the attention. But the credit crisis is also a really worrisome event for cities and municipalities. Consider Jefferson County, AL.... Read more...
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