Month May 2010

Gulf oil leak news

Whistleblower claims that BP was aware of cheating on blowout preventer tests Oil spill investigators find critical problems in blowout preventer Deepwater Horizon owner Transocean seeks liability limit. Good luck with that. White House wants $10 million to fight oil-spill…

Implausible winning streak

Doug Henwood So the trading desks of four big investment banks—Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase—made money every working day last quarter, a 63-day streak. Goldman never made less than $25 million a day, and over $100…