Gods of Greenwich by Norb Vonnegut

Remember When $426 Million Was Real Money?

I’m here editing The Gods of Greenwich and thinking about 2008, which is the year my story takes place. So in the current theme of light summer reading on Acrimoney, here is a snippet from Chapter Thirty-Five. The paragraph is based on something that really happened the day Lehman Brothers failed, September 15, 2008.
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gods of greenwich

Remember When $426 Million Was Real Money?

I’m here editing The Gods of Greenwich and thinking about 2008, which is the year my story takes place. So in the current theme of light summer reading on Acrimoney, here is a snippet from Chapter Thirty-Five. The paragraph is based on something that really happened the day Lehman Brothers failed, September 15, 2008. Continue Reading →


Too Big to Do the Right Thing?

I’ve been extremely critical of Goldman Sachs. The bonuses, funded by taxpayer bailouts, teed me off. And back on January 2, I asked, What does $22 billion in Goldman bonuses buy? Now, I have a different concern:

Is the prosecution of Goldman Sachs going too far? Continue Reading →


Goldman Sachs and the Tourre de Toxic—Stage 2

Over the long term, there are no such thing as secrets. Over the long term, everything is transparent. And today, The New York Times provided a few clues about why Goldman lost $75 million, when it knew mortgages were turning bad. Continue Reading →


Goldman Sachs and the Tourre de Toxic

Who hasn’t seen the news? The SEC accused Goldman Sachs of fraud, alleging it misrepresented an Abacus CDO. Banks lost $1 billion on the trade. And John Paulson, one of the gods of Greenwich, pocketed $1 billion.

Here are three things I don’t get: Continue Reading →