Today: 16.08.2018
News
Opinion
Business
Living
Metro
Tech
Sport

Last News

09:16
Today
08:46
Today
08:25
Today
05:33
Today
04:39
Today
03:01
Today
01:03
Today
01:00
Today
00:37
Today
00:18
Today
23:48
15.08.2018
23:40
15.08.2018
23:24
15.08.2018
22:57
15.08.2018
22:37
15.08.2018
21:24
15.08.2018
21:08
15.08.2018
21:03
15.08.2018
20:17
15.08.2018
20:12
15.08.2018
19:58
15.08.2018
18:54
15.08.2018
18:42
15.08.2018
18:40
15.08.2018
18:28
15.08.2018
18:18
15.08.2018
17:57
15.08.2018
17:27
15.08.2018
17:07
15.08.2018
16:23
15.08.2018

With Blankfein’s exit, Goldman Sachs loses major DC influence.

I’d like to wish Goldman Sachs’ Lloyd Blankfein a happy retirement. God and I both appreciate — and understand — what he really did. If you didn’t catch the sarcasm in that last line, you need a refresher course on Goldman. And you need a reminder about some of the columns I’ve done on the...
Time: 21:50     Date: 18.07.2018
Last US Business News: With Blankfein’s exit, Goldman Sachs loses major DC influence. NY Post 24 - US News

If you didn’t catch the sarcasm in that last line, you need a refresher course on Goldman. And you need a reminder about some of the columns I’ve done on the firm, which was, and still is, so well connected politically that Washington likely has to ask its permission to do anything.

Blankfein, who announced the other day that he will be retiring as chief executive on Sept. 30, was widely quoted in 2009 as saying that he and his firm were “doing God’s work.”

And, by God, making a lot of money in the process.

I’ve never met Blankfein, although I did once challenge him to a few rounds of boxing, which he didn’t accept. Blankfein explained the “God” reference by saying that Goldman was raising money for companies, which made economies better, which made the world a better place.

Ya’ know, he was doing work that God would approve of. That’s an awesome responsibility. I’m sure he would have done it for free.

Right in the middle of the financial catastrophe that has become known as the Great Recession, Blankfein and Paulson exchanged many phone calls. Back then, I got hold of Paulson’s phone logs and discovered that he and Blankfein spoke almost as much as the Treasury boss spoke with Ben Bernanke, who was then the head of the Federal Reserve.

Remember, Goldman is a private company that trades on the financial markets.

Paulson was a government official — appointed, not elected — who had lots of privileged information that a Wall Street firm like Goldman could use to make loads of money.

And, it just so happens that the financial markets rallied vigorously right after the phone calls between Paulson and Blankein.

God, of course, would have approved because nobody wanted to see the entire US financial system collapse — which is what the scaremongers were warning and how Bernanke was able to get his emergency quantitative easing scheme — used to lower interest rates — approved by the Fed.

Along the way, God also granted Goldman Sachs a US government bailout that Goldman to this day denies it really needed.

Bear Stearns’ head Jimmy Cayne (who I know but haven’t seen in years) once joked that he was probably the only person who lost $1 billion and was still standing.

Bear Stearns, which wasn’t bailed out by taxpayers, succumbed because it owned too many securities that were connected with subprime mortgages. Cayne obviously didn’t have the connections to God — or Washington — that Blankfein had or I bet his firm’s problem would have been fixed by taxpayers.

With Blankfein retiring and not taking a job in Washington, Goldman will be left a little light on DC influence. Sure, Treasury Secretary Steven Mnuchin worked at Goldman, but that was a long time ago. And besides, President Trump isn’t likely to let Goldman walk all over him.

Besides, Trump is probably also getting his signals directly from God, too.

Business

Last US Business News: Whistleblower makes shocking IRS, insider trading allegations. NY Post 24 - US News
Whistleblower makes shocking IRS, insider trading allegations.
A whistleblower made this shocking allegation to me last week: The IRS was tipping off members of Congress to corporate takeovers...
Last US Business News: Mattress Firm may get rescued by its biggest supplier. NY Post 24 - US News
Mattress Firm may get rescued by its biggest supplier.
This couple may need a California king if it’s going to get comfy together. The buyout firm that owns Serta Simmons —...
Last US Business News: Ackman won’t reveal new mystery stake in Pershing Square. NY Post 24 - US News
Ackman won’t reveal new mystery stake in Pershing Square.
Bill Ackman has a big, new investment that he doesn’t want anyone to know about — yet. Ackman teased the new position,...
Last US Business News: Airbnb to donate $10M to city charities as symbolic gesture. NY Post 24 - US News
Airbnb to donate $10M to city charities as symbolic gesture.
Its lobbying didn’t work, so Airbnb is hoping charity will convince lawmakers that its services should be legalized. The...

Opinion

Last US News - Opinion: Will the SEC let Elon Musk slide for a stock-moving falsehood?. NY Post 24 - US News
Will the SEC let Elon Musk slide for a stock-moving falsehood?.
Elon Musk, the creator and CEO of Tesla, is brilliant. But he may have just run afoul of securities laws in a fairly un-brilliant...
Last US News - Opinion: In the face of horror, the Catholic Church is worried about PR. NY Post 24 - US News
In the face of horror, the Catholic Church is worried about PR.
They read like scenes from a Marquis de Sade novel. A teenager forced to pose naked like Christ crucified while sadistic...
Last US News - Opinion: Honoring America’s ‘Intrepid’ veterans. NY Post 24 - US News
Honoring America’s ‘Intrepid’ veterans.
Seventy-five years ago, on Aug. 16, 1943, the engineering marvel USS Intrepid was commissioned. On Thursday, more than 325...
Last US News - Opinion: Disgraced library chief is still raking it in — at your expense. NY Post 24 - US News
Disgraced library chief is still raking it in — at your expense.
He might be out of the book business, but the former president of the Queens Library is still getting paper. Thomas Galante,...
Last US News - Opinion: De Blasio’s election ‘reforms’ only benefit him. NY Post 24 - US News
De Blasio’s election ‘reforms’ only benefit him.
Mayor de Blasio’s Charter Revision Commission, packed with his donors and fund-raisers, is doing precisely what he told...

Living

US Living News: Rare nickel goes for $4.5M at auction. NY Post 24 - US News
Rare nickel goes for $4.5M at auction.
PHILADELPHIA — A rare nickel has sold for $4.5 million at a Philadelphia auction. Stack’s Bowers Galleries sold the...
US Living News: Prepare for a war on balloons, environmental experts say. NY Post 24 - US News
Prepare for a war on balloons, environmental experts say.
Now that plastic straws may be headed for extinction, could Americans’ love of balloons be deflated? The joyous celebration...
US Living News: Elephants rarely get cancer thanks to ‘zombie gene’. NY Post 24 - US News
Elephants rarely get cancer thanks to ‘zombie gene’.
Cancer is a big problem for humans, but it also affects countless other species on our planet. Elephants, however, have demonstrated...
US Living News: Schools once refused disabled kids — so this mom started a revolution. NY Post 24 - US News
Schools once refused disabled kids — so this mom started a revolution.
When Ann Greenberg’s 5-month-old, Jerry, started having seizures in 1944, she took him to the hospital — and the doctor’s...
US Living News: Smokers better off quitting, even with weight gain: study. NY Post 24 - US News
Smokers better off quitting, even with weight gain: study.
If you quit smoking and gain weight, it may seem like you’re trading one set of health problems for another. But a...
US Living News: Fighting in your marriage makes you physically ill: study. NY Post 24 - US News
Fighting in your marriage makes you physically ill: study.
Fighting with your spouse can make you sick to your stomach — for real. Couples who have hostile spats are likelier to...
US Living News: How to eat free McDonald’s for the rest of your life. NY Post 24 - US News
How to eat free McDonald’s for the rest of your life.
You could eat Big Macs for free for the rest of your life! (Although it’s unclear how many years you’ll last...
US Living News: Drug used for lethal injections making its way into painkillers. NY Post 24 - US News
Drug used for lethal injections making its way into painkillers.
Late last month, news broke that singer Demi Lovato was rushed to a Los Angeles hospital after she experienced an apparent...

Business

Last US Business News: Whistleblower makes shocking IRS, insider trading allegations. NY Post 24 - US News
Whistleblower makes shocking IRS, insider trading allegations.
A whistleblower made this shocking allegation to me last week: The IRS was tipping off members of Congress to corporate takeovers...
Last US Business News: Mattress Firm may get rescued by its biggest supplier. NY Post 24 - US News
Mattress Firm may get rescued by its biggest supplier.
This couple may need a California king if it’s going to get comfy together. The buyout firm that owns Serta Simmons —...
Last US Business News: Ackman won’t reveal new mystery stake in Pershing Square. NY Post 24 - US News
Ackman won’t reveal new mystery stake in Pershing Square.
Bill Ackman has a big, new investment that he doesn’t want anyone to know about — yet. Ackman teased the new position,...
Last US Business News: Airbnb to donate $10M to city charities as symbolic gesture. NY Post 24 - US News
Airbnb to donate $10M to city charities as symbolic gesture.
Its lobbying didn’t work, so Airbnb is hoping charity will convince lawmakers that its services should be legalized. The...
Last US Business News: British Condé Nast Traveller will combine with US version. NY Post 24 - US News
British Condé Nast Traveller will combine with US version.
The British and American versions of Condé Nast Traveler will be united in a single editorial platform starting in January...
Last US Business News: SEC reportedly subpoenas Tesla over Musk’s tweets. NY Post 24 - US News
SEC reportedly subpoenas Tesla over Musk’s tweets.
The US Securities and Exchange Commission has sent subpoenas to Tesla regarding Chief Executive Elon Musk’s plans to take...
Last US Business News: Empire Resorts loses $58 million in first five months of business. NY Post 24 - US News
Empire Resorts loses $58 million in first five months of business.
The state’s largest new casino has rolled craps — losing $58 million in its first five months of operation, according...
Last US Business News: Eddie Lampert offers to buy Kenmore for $400 million. NY Post 24 - US News
Eddie Lampert offers to buy Kenmore for $400 million.
A hedge fund owned by the chief executive of Sears Holdings, Edward Lampert, has offered to buy the company’s Kenmore appliances...

Metro

Metro News: Husband gets 20 years in jail for butchering pediatrician wife. NY Post 24 - US News
Husband gets 20 years in jail for butchering pediatrician wife.
A Scarsdale man was sentenced to 20 years behind bars on Wednesday for the savage slabbing death of his physician wife in...
Metro News: Jumaane Williams tried to write off $8K in taxes for ‘grooming’. NY Post 24 - US News
Jumaane Williams tried to write off $8K in taxes for ‘grooming’.
He’s looking good — and taking it as a tax write-off. Jumaane Williams, who’s running for lieutenant governor in the...
Metro News: Movie producer didn’t know daughter was pregnant at time of death. NY Post 24 - US News
Movie producer didn’t know daughter was pregnant at time of death.
Movie producer Doug Henry had no idea that his daughter Lyric was pregnant at the time of her death, according to the family’s...
Metro News: Car bursts into flames on the Brooklyn Bridge. NY Post 24 - US News
Car bursts into flames on the Brooklyn Bridge.
A car went up in flames on the Brooklyn Bridge on Wednesday, temporarily snarling traffic headed for Manhattan, authorities...
Metro News: City schools have a serious sex crime problem. NY Post 24 - US News
City schools have a serious sex crime problem.
The number of city students charged with felony sex crimes skyrocketed by 138 percent during the last academic year, according...
Metro News: City’s ride-share cap boosts new for-hire car registrations. NY Post 24 - US News
City’s ride-share cap boosts new for-hire car registrations.
The city’s first-of-its-kind one-year cap on Uber and Lyft cars has actually turbocharged their numbers in the short term,...
Metro News: Staten Island kids launch bid for Little League World Series glory. NY Post 24 - US News
Staten Island kids launch bid for Little League World Series glory.
Staten Islander Gregory Bruno keeps his poise on the mound — and the batter guessing. The lanky soon-to-be eighth-grader...
Metro News: City Councilman wants NYPD to help with traffic safety at schools. NY Post 24 - US News
City Councilman wants NYPD to help with traffic safety at schools.
The city doesn’t have its own plan to keep schoolchildren safe when classes resume in September if the state fails to reauthorize...

Sport

Last US Sport News: Babe Ruth fans mark 70 years since icon’s death. NY Post 24 - US News
Babe Ruth fans mark 70 years since icon’s death.
HAWTHORNE, N.Y. — Amid the serene graves at Gate of Heaven Cemetery sits the one where visitors leave baseballs and bats...
Last US Sport News: Miguel Andujar opens up about the secret of his recent success. NY Post 24 - US News
Miguel Andujar opens up about the secret of his recent success.
On an otherwise sleepy night for the Yankees, Miguel Andujar continued his run as the top rookie in the American League....
Last US Sport News: Why the over/under for Jets-Redskins is so low. NY Post 24 - US News
Why the over/under for Jets-Redskins is so low.
Despite all the superlatives surrounding a very strong debut from Sam Darnold, betting markets have posted one of the lowest...
Last US Sport News: Breaking down where it has gone wrong for Gleyber Torres. NY Post 24 - US News
Breaking down where it has gone wrong for Gleyber Torres.
According to Gleyber Torres, the right hip strain that landed him on the disabled list isn’t the reason the Yankees’...
Last US Sport News: Mets’ hard-throwing rookie giving bullpen a lift. NY Post 24 - US News
Mets’ hard-throwing rookie giving bullpen a lift.
BALTIMORE — In larger doses and short appearances, the Mets are starting to see results from Tyler Bashlor. The rookie...