[quote=Allan from Fallbrook]
Do a little research on what investment bankers call the “overnight repo” market. All the major houses survive on these type short-term lending facilities. Bear Stearns was scuttled, and within a few days, when the Street lost confidence in them and their repo facilities dried up. Lehman and Goldman also found themselves in this same situation and Goldman came periously close to foundering , just like Bear and Lehman. Ever wonder why they didn’t go under, too? The answer is right there in front of you.[/quote]
No, Goldman Sachs never came perilously close to foundering. They were ahead of the curve. Hell, there is evidence that they helped create the curve both on the way up and pushed it along on the way down, betting against the mortgage market (part and parcel to the fraud charges). Unlike almost every other large investment bank, they haven’t had a losing year through the recent past. Like all other finacials, their stock lost value, but regained most of it.
