- This topic has 15 replies, 4 voices, and was last updated 16 years, 10 months ago by
patientlywaiting.
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October 29, 2007 at 5:40 AM #10756October 29, 2007 at 6:01 AM #92801
4plexowner
Participanthttp://themessthatgreenspanmade.blogspot.com/2007/10/gsamp-slide.html
slightly different numbers in this article:
“…Ten of the tranches were originally investment grade … seven of the original ten investment-grade tranches have been downgraded to junk status, and four of them have been totally wiped out.”
October 29, 2007 at 6:01 AM #928334plexowner
Participanthttp://themessthatgreenspanmade.blogspot.com/2007/10/gsamp-slide.html
slightly different numbers in this article:
“…Ten of the tranches were originally investment grade … seven of the original ten investment-grade tranches have been downgraded to junk status, and four of them have been totally wiped out.”
October 29, 2007 at 6:01 AM #928454plexowner
Participanthttp://themessthatgreenspanmade.blogspot.com/2007/10/gsamp-slide.html
slightly different numbers in this article:
“…Ten of the tranches were originally investment grade … seven of the original ten investment-grade tranches have been downgraded to junk status, and four of them have been totally wiped out.”
October 29, 2007 at 6:04 AM #928044plexowner
ParticipantIn case it hasn’t registered with everyone, Goldman Sachs made record profits this year by betting that low-quality mortgage-backed investment products would decline in value.
Yes, at the same time they were selling low-quality securities into the market they were betting that those securities would be worth less in the future.
Have you hugged a banker today?
October 29, 2007 at 6:04 AM #928354plexowner
ParticipantIn case it hasn’t registered with everyone, Goldman Sachs made record profits this year by betting that low-quality mortgage-backed investment products would decline in value.
Yes, at the same time they were selling low-quality securities into the market they were betting that those securities would be worth less in the future.
Have you hugged a banker today?
October 29, 2007 at 6:04 AM #928494plexowner
ParticipantIn case it hasn’t registered with everyone, Goldman Sachs made record profits this year by betting that low-quality mortgage-backed investment products would decline in value.
Yes, at the same time they were selling low-quality securities into the market they were betting that those securities would be worth less in the future.
Have you hugged a banker today?
October 29, 2007 at 8:18 AM #92834lindismith
ParticipantCompletely unreal. These people know exactly what they’re doing.
I could understand one bum deal within one marginal firm, but a massive trend within a traditionally conservative industry???? Does a memo go out?????
These people are crooks. Every one of them.
October 29, 2007 at 8:18 AM #92865lindismith
ParticipantCompletely unreal. These people know exactly what they’re doing.
I could understand one bum deal within one marginal firm, but a massive trend within a traditionally conservative industry???? Does a memo go out?????
These people are crooks. Every one of them.
October 29, 2007 at 8:18 AM #92879lindismith
ParticipantCompletely unreal. These people know exactly what they’re doing.
I could understand one bum deal within one marginal firm, but a massive trend within a traditionally conservative industry???? Does a memo go out?????
These people are crooks. Every one of them.
October 29, 2007 at 10:31 AM #92860HereWeGo
Participant4plex-
I can’t understand how GS will keep its international customers.October 29, 2007 at 10:31 AM #92892HereWeGo
Participant4plex-
I can’t understand how GS will keep its international customers.October 29, 2007 at 10:31 AM #92906HereWeGo
Participant4plex-
I can’t understand how GS will keep its international customers.October 29, 2007 at 1:32 PM #92925patientlywaiting
ParticipantGreat articles. Thanks for posting.
October 29, 2007 at 1:32 PM #92959patientlywaiting
ParticipantGreat articles. Thanks for posting.
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