Lloyd Blankfein

Financial Crisis Inquiry Commission Report Released, No Banker Prosecutions Follow

2011-01-27 00:00:00 +0000 UTC | Importance: 9/10

The Financial Crisis Inquiry Commission (FCIC), established in 2010 and led by Phil Angelides, released its final report concluding the 2008 financial crisis was caused by a “systemic breakdown in accountability and ethics” on the part of corporate executives. The commission was …

Financial Crisis Inquiry Commission Phil Angelides Lloyd Blankfein Jamie Dimon U.S. Congress financial-regulation corporate-impunity regulatory-capture accountability-crisis 2008-financial-crisis

Paulson Authorizes AIG Bailout Benefiting Goldman Sachs

2008-09-19 00:00:00 +0000 UTC | Importance: 9/10

The U.S. government authorized an $85 billion bailout of American International Group (AIG), with Goldman Sachs receiving $12.9 billion—the largest individual payout. Treasury Secretary Henry Paulson, a former Goldman Sachs CEO, played a central role in the decision, despite significant conflicts of …

Henry Paulson Lloyd Blankfein Don Jester financial-capture bailout wall-street regulatory-failure banking-crisis