Posts Tagged ‘ Goldman Sachs ’

NY Fed Sells Assets, Drains Reserves and Shrinks Balance Sheet, But At What Cost?

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January 19, 2012

I’ll just post this NY Fed press release verbatim, and leave the comments up to you. My short take is in the headline. NEW YORK – The Federal Reserve Bank of New York today announced that it has sold $7.014 billion in face amount of assets from its Maiden Lane II LLC (ML II)...
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Goldman Sachs Group Inc. (NYSE: GS) Earnings: How the Mighty Have Fallen…

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January 17, 2012
Goldman Sachs Group Inc. (NYSE: GS) Earnings: How the Mighty Have Fallen…

Tags: banks in the us, banks in us, biggest us banks, Goldman earnings report, Goldman Sachs Group Inc. (NYSE: GS), goldman sachs nyse, largest banks in the us, largest banks in us, largest us banks, major banks in the us, major us banks, top 10 us banks, US banks, us major banks, us top...
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Fiscal Policy: Kind of a Drag

Fiscal Policy: Kind of a Drag

Tuesday, January 10, 2012 Fiscal Policy: Kind of a Drag by CalculatedRisk on 1/10/2012 04:54:00 PM Cardiff Garcia at the Financial Times Alphaville has posted a new graph from economist Alec Phillips of Goldman Sachs: Fiscal flailing, continued CR ...
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Wall Street Is Bracing for Dismal 4th Quarter

January 6, 2012, 9:03 pm Wall Street Is Bracing for Dismal 4th Quarter By SUSANNE CRAIG Wall Street banks have been buffeted by the weak American economy and the European debt crisis. For most Wall Street bankers, 2011 was a year they would rathe...
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Peak Heist

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December 22, 2011
Peak Heist

The latest bank heist (LTRO)  totaled $641 billion as European banks passed on collateral in exchange for a 3 year, 1% loan.  In return the ECB just was handed a gigantic can of worms. The ECB balance sheet is now up to $3.5 trillion USD and at this point an undetermined amount of PIGGS plus Belgium debt....
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13 Fund Managers Who Lost Among the Most Money

13 Fund Managers Who Lost Among the Most Money Frank Byrt 12/15/11 - 08:44 AM EST BOSTON (TheStreet) -- Bill Miller, Bruce Berkowitz and Kenneth Heebner are among legendary mutual fund managers who have trailed their benchmarks by wide margins this ye...
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Hedge Fund Abuses Hurt All Investors

Advisor Network|12/14/2011 @ 12:04PM Hedge Fund Abuses Hurt All Investor The reputation of the opaque and rarefied world of Wall Street hedge funds has been severely tarnished of late. . Now we hear allegations that hedge fund managers have select,...
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Mr. Parasite Goes To Washington

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December 11, 2011
Mr. Parasite Goes To Washington

We all know the story. An energetic, successful person from industry sets off to use his skills as a reform minded public servant. Voters’ imaginations are captured by the opportunity to have someone of proven ability transform government, forge better policy and make it more effective at spending our resources. Now we know the...
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Corzine, Condensed (‘Implode’s “Instant Counter-Spin”)

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December 8, 2011

"though his mouth moved, he didn't say much." -- our reaction to Corzine's dissemblements in his Congressional testimony of today.
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Maverick Judge Jed Rakoff Stares Down The Street

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December 5, 2011
Maverick Judge Jed Rakoff Stares Down The Street

One of the biggest problems with Wall Street's malfeasance is how the ruling elite view legal settlements - as little more than an acceptable cost of doing business.

Well, no more.

Thanks to Judge Jed Rakoff we may see some real regulatory action leading...
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Unleashing the Future: Advancing Prosperity Through Debt Forgiveness (Part 5)

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December 2, 2011
Unleashing the Future: Advancing Prosperity Through Debt Forgiveness (Part 5)

This week we present a timely and important guest-author series on debt renunciation and forgiveness by longtime contributor Zeus Yiamouyiannis. Today: Part 5: Deficit spending: National absurdity, international gamesmanship, and manipulation by transn...
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Goldman: This is what the world will be like in 2012-2013

Goldman Sachs is out with its first predictions for how 2012 and 2013 will shape up, and the news isn't all that thrilling. Led by Francesco Garzarelli in London and Dominic Wilson in New York, the team set out to forecast what markets, currencies, ...
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The Battle of the Euro Bond

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November 30, 2011

With only the weak-willed Angela Merkel playing the role of “Frodo” against the “Dark Lords” of Wall Street, the situation could hardly be more dire – or hopeless.
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Citigroup’s $285 Million Settlement Rejected (Update 1)

Citigroup's $285 Million Settlement Rejected (Update 1) By Shanthi Bharatwaj 11/29/11 - 09:20 AM EST (TheStreet) -- A federal judge rejected a proposed $285 million settlement between Citigroup(C_) and the Securities and Exchange Commission over ...
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Secret Fed Loans Gave Banks Undisclosed $13B

Secret Fed Loans Gave Banks Undisclosed $13B So here's what I got from this. Howard Opinsky, a spokesman for JPMorgan (JPM), declined to comment about Dimon’s statement or the company’s Fed borrowings. Jerry Dubrowski, a spokesman for Bank of Amer...
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Awesome interview just now on PBS

Transcript available, later Friday 25th. Former SEC chief accountant Lynn Turner talked straight, and it's really hard to duck the implications. Guy says 1000 prosecutions after S&L crisis, vs. just 39 after the 2008 meltdown. Says prosecutors, at...
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Bankster-Created Commodity Crisis Intensifies

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November 24, 2011

The most recent (and most terrifying) example of bankster commodities-manipulation crimes against humanity is in the massively important global cooking oils market. Affluent Westerners may not fully appreciate the tremendous importance of this market (and global stockpiles of those oils); however it is arguably the most important niche in global food production.
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Woman Jailed for Food Stamp Fraud, Wall Street Fraudsters Get Bailouts

Had a quick piece of news I wanted to call attention to, in light of the recent developments at Zuccotti Park. For all of those who say the protesters have it wrong, and don’t really have a cause worth causing public unrest over, consider this ...
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The Goldman Rule: Don’t Let This Puppet Master Pull Your Strings

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November 21, 2011
The Goldman Rule: Don’t Let This Puppet Master Pull Your Strings

Goldman Sachs Group Inc. (NYSE: GS) Chief Executive Officer Lloyd Blankfein was really on a roll speaking at an investment conference in New York last week.

Among other things, he said there's no way we can conclude that a slowdown in banking and trading businesses is "secular, rather...
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Lloyd says the economy will snap right back, and Volcker will be overturned

http://www.bloomberg.com/news/2011-11-15/goldman-s-blankfein-growth-to- snap-back-.html And if that doesn't pan out, there's always a job waiting as head of Treasury, the Fed, or Greece. Excerpt: Goldman Sachs Group Inc. (GS), the fifth- biggest ...
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Finally, A Judge Stands Up To Wall Street

Federal judge Jed Rakoff, a former prosecutor with the U.S. Attorney’s office here in New York, is fast becoming a sort of legal hero of our time. He showed that again yesterday when he shat all over the SEC’s latest dirty settlement with serial...
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The only mafia boss in history…

UK Parliamentary Commission of Inquiry member Tom Watson just told James Murdoch that he must have been the first Mafia boss in hisory who didn't know that he was running a criminal enterprise. And let's not forget, you can't vote these guys off any ...
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Findings on GS

Findings on GS

FTAlphaville FT Alphaville Findings in the Goldman Sachs 10q filing dlvr.it/vLyS01 minute ago Favorite Undo Retweet Reply
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Roubini: The next MF Global collapse could be Goldman Sachs

Nouriel Roubini was in fine form yesterday, scaring the bejeezus out of his followers on Twitter by saying that several huge financial institutions could collapse in the blink of an eye like MF Global. These houses of cards, Roubini tweeted, include:...
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What I Learned From My Lunch with Vikram Pandit

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November 8, 2011
What I Learned From My Lunch with Vikram Pandit

I've long been bearish on bank stocks and financials - but something happened last week that made me rethink my position.

I was having lunch with Citigroup Inc. (NYSE: C) Chief Executive Officer Vikram Pandit, and he had some interesting points.

According to Mr. Pandit, providing...
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Too Big To Jail

Can we all agree that a $1 billion swindle represents a lot of money, and the fact that Citigroup agreed last week to pay a $285 million fine to settle SEC charges for “misleading investors” demonstrates a damning admission of culpability? ...
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Did You Hear the One About the Bankers?

October 29, 2011 Did You Hear the One About the Bankers? By THOMAS L. FRIEDMAN It doesn’t get any more immoral than this. As the Securities and Exchange Commission civil complaint noted, in 2007, Citigroup exercised “significant influence” ove...
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Bank’s Collapse in Europe Points to Global Risks

October 22, 2011 Bank’s Collapse in Europe Points to Global Risks By GRETCHEN MORGENSON and LOUISE STORY As Europe’s debt crisis has deepened, a recurring question is how much risk it poses to the United States economy, and especially American ban...
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Spanish Debt Downgrade Points to Uncertainty Over Euro Crisis

October 19, 2011 Spanish Debt Downgrade Points to Uncertainty Over Euro Crisis By RAPHAEL MINDER MADRID — Moody’s Investors Service raised the pressure on Spain late Tuesday when the credit rating agency downgraded the country’s long-term sovere...
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Bloodbath at Goldman

Mass layoffs started in Goldman's London office last week, and it sounds like they're going to continue everywhere. One source told us that Goldman Sachs plans to lay off up to 20% of its employees in investment banking and securities. Another sour...
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