Fox Business News reports that Goldman President Gary Cohn recently arranged a fundraiser in New York City for embattled Senate Majority leader Harry Reid.
According to Fox reporter Charlie Gasparino's sources, Reid was 'verbally harangued by several senior Goldman executives, including Cohn himself, for being part of a growing chorus of politicians who are using anti-Wall Street rhetoric to score political points'. One unnamed attendee claims that Cohn said to Reid at the gathering: 'You are sitting here with a room full of Democrats, and all you do is beat us up!'.
In the meantime, The New York Post reports that Lehman Brothers may have grounds to sue both Goldman Sachs and Barclays, who won out in an emergency auction of some of Lehman's derivatives portfolio, which took place days after Lehman's bankruptcy. Lehman is said to have lost $1.2bn on the sales, and the report by bankruptcy examiner Anton Valukas concedes that 'an argument can be made that the transfers....were fraudulent transfers', and could be contested by Lehman's bankruptcy trustee.
And MarketWatch reports that the US Federal Reserve has completed its probe of the swap contracts Goldman entered into with the Greek government, which many felt helped Greece mask the true extent of its debt. The Fed found no evidence of wrongdoing, and no action will be taken against Goldman.
Finally, The Financial Times reports that Goldman and Deutsche Bank have been awarded the mandate to become lead underwriters (with China International Capital Corp) in the Agricultural Bank of China's IPO, which could raise as much as $29bn. Just think of those fees!