EURO: Banks Win, Greece And Euro Lose On Default.

NYTIMES/    Credit-default swaps, the same kind of trades that nearly brought down mammoth AIG and the U.S. economy, are now making it harder for Greece to raise money. “It’s like buying fire insurance on your neighbor’s house — you create an incentive to burn down the house," said one analyst. These CDS's are bets by speculators Greece will default on its debts.

THE EU: Must Audit And Punish Goldman Sachs For Going Rogue With Greek Debt.

BASELINE SCENARIO/ Economist Simon Johnson's blog/   It now looks like a single rogue bank can also bring down the world’s financial system. Goldman Sachs may be that rogue bank if the revelations by the NYTimes about Greece's debt and Goldman's  leveraging are true. Johnson argues that the EU MUST launch a special audit of Goldman Sachs and ALL its European clients.

THE E.U: Goldman Sachs Role In The Greek Debt Crisis.

NYTIMES/ ANALYSIS/   Creative deals by Wall Street and especially, Goldman Sachs, helped Greece hide billions in debt from its books. Throughout Euroland, banking firms provided upfront cash for future payments that were undisclosed and mislead investors and regulators. Greece traded away its rights to airport fees and lottery proceeds for years. Greece now owes $300 billion to banks and its inability to lower its debt is roiling the EU.

When Will The Fed Crack Down On Goldman Sachs?

SIMON JOHNSON/BASELINE SCENARIO/
"Goldman is also currently engaged in private equity investments in nonfinancial firms around the world, as seen for example in its recent deal with Geely Automotive Holdings in China (People’s Daily; CNBC). US banks or bank holding companies would not generally be allowed to undertake such transactions - in fact, it is annoyed bankers who have asked me to take this up."

Goldman Sachs: The Great American Bubble Machine.

From RollingStone Magazine.

This 10,000 word article attacking Goldman Sachs by Matt Taibbi from July 13th's RS was brought to my attention by way of the Columbia Journalism Review's website, CJR.org.

Goldman Sachs Defends Oil Speculators.

From Bloomberg.

Goldman claims that any attempts to curb speculation may be “disruptive” to markets.

Is Goldman Sachs...Evil?

Long form journalism... from New York Magazine.

High Speed Trading Profits Wall Street.

From the NYTimes.

The individual investor doesn’t have the means to keep up with Wall Street firms like Goldman Sachs when trading stocks, so they are at a huge disadvantage.

It's become a technological arms race, says one observer.

Goldman Sachs...Greedy and Tacky.

From the Washington Post.

Allan Sloan is one of my favorite business columnist.

Here he harangues financial giant Goldman Sachs for its ugly attitude about the pricing of its TARP warrants.

Goldman Sachs Ends Dispute With Critical Blogger.

From Reuters.

Goldmansachs666.com is "ok" says the court.