Hormats nomination hearing begins tomorrow

Robert Hormats, a former Goldman Sachs executive who played a critical role in financing a Chinese oil company with ties to Sudan’s genocidal regime, will go up in front of the Senate Foreign Relations Committee tomorrow. Presiding over the hearing will be Senator Ben Cardin. As we’ve written before, while at Goldman Sachs, Hormats played …

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Anti-genocide organizations question Hormats nomination

Anti-genocide groups are now taking action in response to our report on State Department nominee’s Bob Hormats’ suspect ties to Sudan. After the Senate Foreign Relations Committee met last Thursday to discuss a long-range strategy for Sudan, anti-genocide groups decided they had to speak up before Hormats’s nomination hearings begin on Sept. 14. On Monday, …

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Goldman Sachs’ White House ties run deep

While Goldman Sachs‘ managing partners prepare their lists for Fifth Avenue shopping sprees on bonus day, the firm’s public relations department is grappling with an image problem that has some staying power. Goldman’s record profiteering at a time of chronic unemployment and systemic crisis along with Matt Taibbi’s superb article on Goldman’s role in market …

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“Giant vampire squid” strikes again

Three weeks ago, Matt Taibbi kicked off the latest anti-Goldman Sachs media cycle with a brilliant polemic in Rolling Stone. His opener achieved meme status long before the full article even appeared on the web: The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank …

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