(Chris Hondros/Getty)
Goldman Sachs released its first quarter earnings this morning: a 91 percent increase of $3.46 billion. This comes just days after the SEC announced a suit against the company for fraud. Yves Smith, author of the Naked Capitalism blog, joins us to talk more about the company's earnings, and how they stand next to accusations of practices that defrauded investors.
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Comments [1]
RE: bank reform- what a bunch of bloodsucking banks we have --in about three years there will be only 2-4 banks left look at how they cannnibalize themselves defraud each other and their financial services partners. the concentrationof power in a goliath like Chase is disturbing.butsince Chase is a person now, maybe some more shareholder suits and the rico cases and securities fraud case brought against lehman and others they are sorely needed. the banks willl continue to cannibalize themselves thats what they are good at in addition to ripping off customers with their $29,.00 late charges for a transaction that takes a millisecond to post, what a bunch of raping financial bs. they say they are our financial partners, this aint no symbiotic relationship it is parasitic.CHASE WAHT DOES THAT NAM MEAN IT IS A VERB TEY ARE "CHASING" THE SMALL PERSON 'S BUSINESS AWAY AFTER THEY HAVE DESTROYED OUR PEERSONAL CREDIT RATINGS WITH THEI DEMANDS FOIR TRIPLE MINIMUM PAYMENTS IN ONE MONTHS TIME-- WHO HAS MORE THAN A BUDGETED INCOME TO PAY OBLIGATIONS. THEY CAN MANUFACTURE MONEY I CANT. SCREW THEM IM GOING ON A CASH AND BARTER ONLY BASIS AS SOON AS I GET RID OF THESE BLOODSUCKERS ENUFF SAID I COULD GO ON FOREVER ABOUT THIS BS THANKS
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