Stocks Goldman Sachs
Stocks Goldman Sachs
The Goldman Sachs Circus
Bloomberg reports that after a brutal grilling by the US congressional committee on allegations of fraud, the investment bank seemed to walk away with an increased market value of over $500m! Talk about the adage of “there’s no such thing as bad press.” In fact, Goldman Sachs was alone “among 79 stocks of the Standard & Poor’s 500 Financial Index in posting a gain yesterday.” Regardless of the this strange turn of events, it seems that both Chief Executive, Lloyd Blankfein and colleague Fabrice ‘Fab’ Tourre have managed to leave this debacle (after a year of probing) disproving actual criminal fraud, and instead suffering the public indignity of having their duplicitous world of investments exposed.
This is really what this media circus is about. True, the governments in the US and UK are talking a big game of regulatory reform but are actually not doing much in terms of real legislation. Instead, they’re exposing to the public some of the double dealing that these ‘professionals’ engage in. It is ironic that the very same public that were being sold “shitty” mortgages (these words were used by a Goldman employee in emails) by the bank, are now betting on them by buying more shares in the bank. There is no morality in finance, it seems – just the brutal bottom line (cue images of a shellac-haired Michael Douglas in Wall Street speaking on a cell phone the size of a cadillac).
When Senator Carl Levin directed an accusation that it was morally reprehensible to knowingly make money selling the public lame mortgages and then betting against them, Blankfein smoothly replied, “What clients or customers are buying is they are buying an exposure.” It seems this very same exposure was coming back to the bank itself, and was oddly helping their cause in mending the wounds that Wall Street has imposed upon Main Street. Or has it? Stay tuned for more action – you know it’s going to come.
Goldman Sachs sold 4.6 million shares of BP stock weeks before disaster!
|
|
GOLDMAN SACHS issued collectible stock certificate share $14.99 |
|
|
Broker Owned Stock Certificate: Goldman Sachs, payee; Gordon Jewelry, issuer. $12.00 |
|
|
CLEVELAND INDIANS IPO Stock Prospectus Wall Street Goldman Sachs BASEBALL $11.95 |
|
|
Brokerage Owned Stock Certificate–Goldman Sachs & Co $9.99 |
|
|
Brokerage Owned Stock Certificate–Goldman Sachs & Co. $9.99 |
|
|
Broker Owned Stock Certificate–Goldman, Sachs $9.99 |
|
|
Broker Owned Stock Certificate–Goldman, Sachs & Co. $9.95 |
|
|
Goldman Sachs Issued Stock Certificate Brokerage Pennsylvania Railroad Bank $7.99 |
|
|
Charlie Rose (September 17, 2001) $1.99 … |
|
|
Charlie Rose – SEC accusation of Goldman Sachs / ‘The Girl with the Dragon Tattoo’ (April 16, 2010) $24.95 SEC accusation of Goldman Sachs with Gretchen Morgenson of ‘The New York Times,’ John Coffee of Columbia Law School, Larry Ingrassia of ‘The New York Times’ and Roben Farzad of Bloomberg BusinessWeek || A look at the film ‘The Girl with the Dragon Tattoo’ with director Niels Arden OplevThis product is manufactured on demand using DVD-R recordable media. Amazon.com’s standard return policy will ap… |
|
|
The Big Short: Inside the Doomsday Machine $6.00 Who saw the real estate market for the black hole it would become, and eventually made billions of dollars from that perception? And what qualities of character made those few persist when their peers and colleagues dismissed them as Chicken Littles? Out of this handful of unlikely – really unlikely – heroes, Lewis fashions a story as compelling and unusual as any of his earlier bestsellers, provi… |
|
|
When Genius Failed: The Rise and Fall of Long-Term Capital Management $7.69 With a new Afterword addressing today’s financial crisisA BUSINESS WEEK BEST BOOK OF THE YEARIn this business classic—now with a new Afterword in which the author draws parallels to the recent financial crisis—Roger Lowenstein captures the gripping roller-coaster ride of Long-Term Capital Management. Drawing on confidential internal memos and interviews with dozens of key players, Lowens… |
|
|
The Extra 2%: How Wall Street Strategies Took a Major League Baseball Team from Worst to First $13.10 What happens when three financial industry whiz kids and certified baseball nuts take over an ailing major league franchise and implement the same strategies that fueled their success on Wall Street? In the case of the 2008 Tampa Bay Rays, an American League championship happens—the culmination of one of the greatest turnarounds in baseball history. In The Extra 2%, financial journalist and spor… |
