Tagged: Finance

The U.S. Treasury said today that it had made $25 billion from the sale of mortgage-backed securities it bought back during the financial crisis. The Treasury said the sale was part of its effort to wind down the bailout programs.

The AP reports:

Greg Smith is a fairly ordinary name — but it's now one that's all the talk of Wall Street after he quit his position at Goldman Sachs today in one of the most amazingly public ways:

With an essay in The New York Times that accuses Goldman Sachs of having a money-is-everything culture that is "toxic and destructive."

Greg Smith, an executive director at Goldman Sachs, is resigning today after 12 years at the firm. He has a scathing op-ed in this morning's NYT, running under the headline "Why I Am Leaving Goldman Sachs":

From the beginning, Florida lawyer Tom Ice says he realized the mass signing of mortgages was more than just a paperwork problem.

"I suspected then, and I suspect now, that we were really just touching the tip of the iceberg," he says.