Judge cautions Goldman Sachs lawyer during lawsuit hearing (sexual discrimination case)

[think]

Judge cautions Goldman Sachs lawyer during lawsuit hearing

By Kevin Dugan - July 22, 2015 | 10:28pm

Goldman Sachs is good at getting what it wants — but it may backfire this time.

A federal magistrate judge warned a Goldman lawyer Wednesday to “be careful what you wish for” during a hearing on an explosive sexual discrimination lawsuit, since trying to prevent a class action could lead to more litigation.

The hearing was the latest twist in a five-year-old suit that alleges a “boys club” atmosphere rife with client meetings at strip clubs, golf outings that excluded women execs, and female associates and vice presidents getting paid less than their male colleagues.

Lawyers for the plaintiffs are seeking to add two women to the lawsuit — Allison Gamba, a former VP in the securities division, and Mary De Luis, who’s currently in investment management — in order to satisfy a rule for class-action certification that one of the plaintiffs is currently an employee.

The original plaintiffs, Cristina Chen-Oster, a former VP, and Shanna Orlich, who was an associate, are seeking unspecified damages and an order requiring the bank to fix its alleged frat-house culture...

Full article:
http://nypost.com/2015/07/22/judge-cautions-goldman-sachs-lawyer-during-lawsuit-hearing/

[Rex]

1. Leave Goldman Sachs alone!

[think]

2. Best laugh I've had in days

Thank you!

[Rex]

4. Welcome!

GS seems to have their piggy hand in just about everything rotten, hopefully they get the shit sued out of them and then some! The ONLY way greedy bastards like Dimon understand anything...is if you take away his money. They don't speak any other language.

[Angry Dragon]

3. Diamond at one time said he was doing god's work

[think]

5. You might be thinking of Lloyd Blankfein. Jaime Dimon is at JP Morgan and said that Elizabeth Warren

didn't fully understand the global banking system:

A Bank CEO Said Elizabeth Warren Doesn’t Understand Wall Street. Her Response Was Perfect.

BY BRYCE COVERT JUN 12, 2015 10:39AM

On Wednesday, JP Morgan CEO Jamie Dimon said of Massachusetts Senator Elizabeth Warren (D), “I don’t know if she fully understands the global banking system.”

By Thursday, Warren already had a response. Speaking on the Huffington Post’s “So, That Happened” podcast, she said, “The problem is not that I don’t understand the global banking system. The problem for these guys is that I fully understand the system and I understand how they make their money. And that’s what they don’t like about me.”

Warren’s résumé comes with nearly 20 years of experience teaching corporate law at Harvard University, publishing nine books, chairing the Congressional Oversight Panel that oversaw the bank bailouts in 2008 (of which JP Morgan was a beneficiary), and coming up with the idea for and helping to create the Consumer Financial Protection Bureau, which has already helped consumers avoid numerous predatory lending schemes and recouped more than $4.8 billion through its enforcement actions.

Full article:
http://thinkprogress.org/economy/2015/06/12/3668972/elizabeth-warren-response-jamie-dimon/

Blankfein Says He’s Just Doing ‘God’s Work’

By DEALBOOK NOVEMBER 9, 2009 5:27 AM

The chief executive of Goldman Sachs, which has attracted widespread media attention over the size of its staff bonuses, says he believes banks serve a social purpose and are “doing God’s work.”

“We’re very important,” Lloyd C. Blankfein said in an interview with The Times of London. “We help companies to grow by helping them to raise capital. Companies that grow create wealth. This, in turn, allows people to have jobs that create more growth and more wealth. It’s a virtuous cycle.”

The dominant Wall Street bank posted third-quarter earnings of $3 billion and plans to hand out more than $16 billion in year-end bonuses.

“We have a social purpose,” he told the newspaper....

Full article:

http://dealbook.nytimes.com/2009/11/09/goldman-chief-says-he-is-just-doing-gods-work/?_r=0

[Angry Dragon]

6. my mistake ------------ they all sound alike to me

[think]

7. I hear ya. On many accounts they could be 2 peas in a pod....