Goldman Sachs Archive

SEC Said to Vote 3-2 to Sue Goldman Sachs Over CDO

With this vote along party lines Dems will look very bad if they don’t win it. >    >   (email exchange) >    >   On Mon, Apr 19, 2010 at 2:37 PM, wrote: >    >   the vote was close but I’m not sure it changes much. However the political angle >   in light of the Administration’s efforts at ...Read More

Information Regarding SEC Complaint Against Goldman Sachs

Looks to me like It’s going to come down to very fine points of law, and take a very long time: Goldman Response ...Read More

GS on GREECE – INITIAL IMPRESSIONS AND MARKET

This remains the tricky part, seems: Several key issues remain outstanding, however: 1. The budgetary and reform milestones which need to be cleared in order for Greece to receive funding have yet to be hammered out with the lenders. The statement suggests that discussions will start tomorrow and may last weeks, potentially ...Read More

Goldman Sachs trying to broker Greek bonds to China

[Skip to the end] I went to high school with Chris Powell where he was a good friend of mine, then lost touch. We’ve had a few emails discussing GATA. Seems their beef is that the Fed is conspiring to keep the price of gold down, which wrongly hurts the GATA supporters. ...Read More

Goldman disclosure controversy

[Skip to the end] Looks like it all comes down to whether Goldman violated the law by not disclosing what it was obligated to disclose. There is no question the institutional structure that leads to this type of activity is flawed in that it doesn’t work for public purpose. In fact, large ...Read More

Re: Goldman on the fiscal package

[Skip to the end] (email exchange) >    >   On Thu, Jan 22, 2009 at 5:46 PM, Michael wrote: >    >   Bullet points from the GS report, what do you think of their assessment? >    Pretty good up to a point. Agree the deficit probably should be larger to restore full employment. It goes bad ...Read More

Goldman actions not illegal

[Skip to the end] Goldman urged bets against bonds it sold-paper By Supantha Mukherjee Goldman Sachs, which acted for the state of California in selling bonds, has urged some of its big clients to place investment bets against some of those bonds this year, the Los Angeles Times reported. The paper said ...Read More

How bad off is Goldman?

[Skip to the end] Selling a convertible preferred that cheap – a 10% coupon with a below market strike???- seems to mean things aren’t all that rosy at Goldman???: Berkshire will buy $5 billion of perpetual preferred stock that carries a 10 percent dividend. It also will receive warrants to buy $5 ...Read More

NYT: Fed to Give A.I.G. $85 bln Loan and Takeecon

[Skip to the end] The Fed has a major strategic advantage over private sector buyers. With the Fed making the loan, credit spreads in general should narrow. This will add value to AIG’s short credit position which is where most of the mark to market losses are. So the Fed’s actions to ...Read More

Re: Is $700 billion a big number

(an email and an article) On Dec 23, 2007 5:37 PM, Russell Huntley wrote: > > > > For a very bearish take on the credit crisis, see: Crisis may make 1929 look > a ‘walk in the park’. The article includes a $700 billion loss estimate from > the head of ...Read More