April 20

“What you need to know to navigate today’s economic debate.”

Goldman Sachs Vampire Squid Gets Handcuffed (NewEconomicPerspectives)
Roosevelt Institute Braintruster L. Randall Wray outlines years of financial abuse at the hands of Goldman Sachs, finally coming to a head as the SEC moves forward with its investigation.

Congress Divided Over Financial Reform Bill (CNN)
Republicans are digging their heels in as financial reform debate heats up in the Senate.

Goldman Sachs: Too Big to Obey the Law (HuffPo)
Simon Johnson wonders whether an SEC investigation will really be able to dig up the roots of one of the most entrenched and corrupt financial firms of our time.

Goldman Sachs Faces U.K. Investigation (CBS)
The financial firm is officially being investigated on both sides of the pond.

Why Do Women Still Earn Less Than Men? (TIME)
April 20 is Equal Pay Day, and to commemorate this occasion, TIME profiles the pay gap, noting that women still make only 78 cents on the male dollar.

The Court, Money and Politics (NYT)
The fate of electoral politics is only one thing at stake as the battle for a new Supreme Court nominee rages on.

Goldman Sachs Hires Ex-White House Counsel (CBS)
In a stunning move, Goldman Sachs has hired former White House Counsel Greg Craig to do its bidding as the SEC prepares its case.

Goldman Profit Beats Estimates as Firm Battles SEC (BusinessWeek)
Even as the SEC goes forward to investigate how Goldman swindled billions from consumers, the giant is still turning record profits.