GOLDMAN SACHS

Geithner, NY Fed defend actions on AIG payments

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Treasury Secretary Timothy Geithner denied any role in disclosures about American International Group's payments to banks and defended his decisions as New York Federal Reserve chief to pay full price to retire AIG credit default swaps.

NY Fed supported AIG secrecy to preserve assets

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The New York Federal Reserve Bank actively supported insurer American International Group's regulatory requests to keep its bank counterparties confidential but did not pressure the bailed-out firm for secrecy, the bank's top lawyer said on Tuesday.
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Futurology: Why US hegemony will decline?

One can't think of futurology without mentioning George Orwell (1984 fame) or Alvin Toffler (Third Wave). Whenever, one comes across Futuristic predictions we get reminded of Toffler or Orwell.I was reminded of them when I read the latest provocative forecasts of the Futurist Magazine.
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AIG's bailout disclosure surprised NY Fed

New York Federal Reserve officials debated in November 2008 whether the terms of the bailout of American International Group could be kept secret from the public and whether securities regulators would even permit it to do so, according to emails obtained by Reuters on Friday.
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Wall St drops on Obama bank limits plan

Stocks suffered their worst one-day percentage drop since October on Thursday as U.S. President Barack Obama proposed tough restrictions on banks that would squeeze profits.
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Stocks fall as Obama takes aim at banks

U.S. stocks dropped on Thursday as President Barack Obama took a tough stance on financial institutions, proposing rules to make the system safer by preventing the biggest banks from taking excessive risks.
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Stock market fall as Obama takes aim at banks

U.S. stocks dropped on Thursday as President Barack Obama took a tough stance on financial institutions, proposing rules to make the system safer by preventing the biggest banks from taking excessive risks.
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Obama proposes new risk rules for banks, shares dive

President Barack Obama proposed stricter limits on financial institutions' risk-taking on Thursday in a new populist-tinged move that sent bank shares tumbling and aimed to shore up the president's political base.
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Wall St tumbles on Obama banking proposal

Wall Street tumbled on Thursday after President Barack Obama proposed rules aimed at making the financial system safer by preventing the biggest banks from taking excessive risks.
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Obama proposes new limits on big U.S. banks

President Barack Obama proposed stricter limits on financial risk-taking on Thursday in a new populist-tinged move that sent bank shares lower and aimed to shore up his own political base.
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Banks drag stocks lower on Obama proposal

The Dow and S&P 500 fell on Thursday as fears any proposed new restrictions by the Obama administration on big banks would cut profits at large trading firms like Goldman Sachs Group.
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Obama to outline new limits on bank risk-taking

President Barack Obama will propose stricter limits on financial risk-taking on Thursday in his latest populist-tinged move to crack down on banks and address the roots of the financial crisis.
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Goldman Sachs cuts bonus pool; posts Q4 profit

Goldman Sachs Group Inc , which had been on track to pay employees a near-record amount, instead set aside nothing for compensation in the fourth quarter and gave $500 million to charity.

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