Goldman Sachs Scandal, Why Too Big To Fail Could Be A Fail And More

Monday, April 2, 2012 Goldman Sachs Sells Stake In Firm Tied To Under-Age Sex Trafficking Site NEW YORK, April 1 (Reuters) - A private equity fund run by Goldman Sachs Group Inc, under fire over its business ethics, has agreed to sell back its stake in a media company that critics say facilitates sex trafficking. GS Capital Partners III on Friday signed a deal to sell its 16 percent stake in Village Voice Media, which owns the website Backpage.com, back to management, a Goldman spokeswoman said Sunday. Republican To Republicans: What's With The Haterade? Too Big To Fail Will Eventually Fall Apart Cash-Strapped Public Schools Turn To Desperate Tactics Private Equity Firm Buys 5 Home Per Day In Race For 'Awesome' Profits Woman Denies Buying Hundreds Of Dollars Worth Of Pay-Per-View Porn BLOG POSTS Edward Goldberg: American Jobs and the Never Ending Politics of the Cold War U.S. trade policy needs to be based on what is good for the U.S. economy and U.S. job growth. And Congress needs to recognize that in an ever more globalized world, using trade as a political instrument to fight yesterday's wars is at best self defeating. Peter J. Solomon: Conflicts: No Ambiguity How ironic it is that Goldman, the firm that advises governments, boards of directors, senior managements and the world's wealthiest cannot advise itself on appropriate behavior. Where is the Board oversight? Terra Lawson-Remer: Obama's Outside-the-Box Pick for World Bank President The World Bank has already begun to embrace a more community-empowered framework; under Jim Yong Kim's leadership this important new direction could develop sustainable roots. Michael T. Klare: A New Energy Third World in North America? Will the oil curse become as familiar on this continent in the wake of a new American energy rush as it is in Africa and elsewhere? Will North America, that is, become not just the next boom continent for energy bonanzas, but a new energy Third World? David Isenberg: Some Things Are Just Unacceptable This is not some merely some picayune issue for bureaucrats to fuss over. As Sen. Portman testified, "This is about something much more fundamental, and that's who we are as a people. It's about respecting and protecting human dignity."

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