Financial Crisis Inquiry Commission of America plans to perform detailed audit of Goldman Sachs
Peter Oberois
Jul. 26, 2010

Financial Crisis Inquiry Commission of America plans to perform detailed audit of Goldman Sachs processes and system level past data on its derivatives business.

The chairperson of the commission says the commission will back down from the detailed demands of transparency and audit trail.

The Obama Administration appointed the Financial Crisis Inquiry Commission to bring complete and detailed transparency for the financial services giants in America. These financial institutions were the root cause of financial meltdown and recession in America because of ruthless risk taking through derivative trading.

Financial Crisis Inquiry Commission of America plans to perform detailed audit of Goldman Sachs
Peter Oberois
The Obama Administration appointed the Financial Crisis Inquiry Commission to bring complete and detailed transparency for the financial services giants in America.
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China focuses on significant volumes of indigenous unconventional gas lowering import demand from abroad
Sandra Johansen
China will need much less liquefied natural gas (LNG) from 2020 onwards than in the coming decade.
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During financial crisis in late 2008 to early 2009, 17 bailed-out financial services companies overpaid their top executives in excess of $1.8 billion
Solarz Subedar
Bank of America, Citi Group, and other 16 financial institutions that ware bailed out by Bush-Obama initiatives overpaid their bankers billions of dollars while ousting common citizens from their homes for mortgage defaults.
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Triumphant President Barack Obama on Wednesday signed into law the most sweeping overhaul of lending and high-finance rules since the Great Depression
Sondra Liber
'Because of this law, the American people will never be asked again to foot the bill for Wall Street's mistakes,' President Obama said.
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BP gets extension on well seal, announces asset sales, stock drop 1.6%
Peter Oberois
BP is planning a massive asset sales. it reached a $7 billion deal with Apache Corp, a large part of its planned sale of $10 billion in assets to pay for the worst oil spill in US history.
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Giant oil skimmer fail catastrophically in the Gulf
Sandra Johansen
There is no end in site in terms of destruction of the echo system in the Gulf of Mexico.
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As British Petroleum struggles, PetroChina eyes unthinkable
Priyanka Mathur
Can PetroChina really control the financials of BP? The issue was unthinkable last year, not today, says some analysts.
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With 45% export rise, China’s external surplus might balloon again in the second half of the year
Peter Oberois
Chinese exports spiked according to recent data by 45%. This leads to the speculation that China’s external surplus might balloon again in the second half of the year.
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