Goldman Sachs is teaming up with billionaire Warren Buffet to aid 10,000 small businesses around the nation setting up a fund, which is worth $500 million dollars. It intends to support the small businesses to create jobs and provide economic advice to aid the U.S. economy. However, critics ask why now?

Goldman Sachs is at the top of the food chain on Wall Street. Year after year this company piles on profits that are beyond the imagination of the average American, or the average citizen anywhere.
In 2007, Lloyd C. Blankfein, chairman of Goldman Sachs was paid a bonus of $67.9 million. It is said his bonus this year could top that number. The public is outraged.

If you are “mad as hell, and don’t want to take it anymore,” then start fighting back. There are ways to fight back legally, one person at a time. Your protest can be quiet or you can take it public, but you don’t have to sit there quietly, fume inside, and do nothing.

Goldman Sachs (GS) reported third quarter earnings today. While ordinary Americans are still saddled with fallout from the recession, results from Goldman Sachs and other financial institutions are "gold."

The story published in today's Financial Times breaks the news that the executives at Goldman Sachs sold almost $700m worth of stock following the collapse of Lehman Brothers last September. FT says this information is according to filings with the Securities and Exchange Commission.

JP Morgan and Goldman Sachs are anxiously drumming on their desks, checking their watches, waiting to be given the all clear to pay back all that government money they never wanted (or needed, mind you) in the first place. They don't like it when government officials, with their lowly six figure salaries, tell them they can't pay their 25 year-old traders $6 million dollars if they feel like it.

Even Goldman, widely regarded as one of the savviest traders on Wall Street, couldn’t avoid buying the top in the commercial real estate market.

While Goldman, Wells, and JP Morgan’s reporting of positive 1st Quarter 2009 profits helps to start the slow recovery process, we are not out of the woods just yet.

Goldman Sachs reported a $1.8 billion profit for the first quarter, handily beating analysts' estimates. If you pay no attention to the $1.3 billion pre-tax loss that Goldman sustained in the month of December, which it conveniently did not have to include in its first quarter results because of the change in its reporting schedule, Goldman's results were positively spectacular.

Apparently, some banking execs do have a sense of shame. Goldman Sachs CEO Lloyd Blankfein and six other top executives have renounced their 2008 bonuses, saying they do not deserve them due to the company’s poor performance.

Little noticed here was the Sunday report in the NYT of how Treasury Secretary Paulson's bailout of AIG is connected to his former firm Goldman Sachs. Turns out that the failure of AIG would have cost Sachs $20 billion.

Both Morgan Stanley and Goldman Sachs lobbied the Federal Reserve to become bank holding companies over the weekend. Their bid was approved by the Fed, ending the era of the independent investment bank.