You didn’t really think Goldman Sachs Group Inc. would go down without a fight now did you? Of course not. So it should come as little surprise that recently Goldman has started to push back hard against its nemesis, Senator Carl Levin, Democrat of Michigan, and his narrative that the firm is the lead villain of the financial crisis.
Barbara Demick ’s “Nothing to Envy: Real Lives in North Korea” won the BBC Samuel Johnson Prize , defeating Andrew Ross Sorkin’s “Too Big to Fail” and four other finalists for the annual U.K. nonfiction award, worth 20,000 pounds ($30,000).
Douglas Kass, the investment manager betting against Berkshire Hathaway Inc., accepted billionaire Warren Buffett’s challenge of asking bearish questions about the company at its annual meeting in May.
Raghuram G. Rajan ’s “Fault Lines,” a look at why the financial order is prone to blowing bubbles, won the Financial Times and Goldman Sachs Business Book of the Year Award , defeating Andrew Ross Sorkin and other authors on the financial crisis.
Who is to blame for Facebook Inc.’s initial public offering? Is it Mark Zuckerberg, Facebook’s founder and chief executive officer? Someone else at the social- networking website? Morgan Stanley, the bank that led the deal? Nasdaq, which botched the stock’s early trading?