Has Goldman fatally damaged their Franchise?

[Rich Toscano]

IForget – You are calling them Government Sachs but expect them to be broken up by… the government? I’m confused…

Rich

[Anonymous]

[quote=Rich Toscano]IForget – You are calling them Government Sachs but expect them to be broken up by… the government? I’m confused…

Rich[/quote]

AIG is basically owned by the government and is selling off pieces of itself to pay off government loans. So I don’t see any contradiction in my statement.

In any event, I look forward to GS getting their just desserts. Hopefully the top guys will get some prison time.

[Anonymous]

[quote=Rich Toscano]IForget – You are calling them Government Sachs but expect them to be broken up by… the government? I’m confused…

Rich[/quote]

AIG is basically owned by the government and is selling off pieces of itself to pay off government loans. So I don’t see any contradiction in my statement.

In any event, I look forward to GS getting their just desserts. Hopefully the top guys will get some prison time.

[Anonymous]

[quote=Rich Toscano]IForget – You are calling them Government Sachs but expect them to be broken up by… the government? I’m confused…

Rich[/quote]

AIG is basically owned by the government and is selling off pieces of itself to pay off government loans. So I don’t see any contradiction in my statement.

In any event, I look forward to GS getting their just desserts. Hopefully the top guys will get some prison time.

[Anonymous]

[quote=Rich Toscano]IForget – You are calling them Government Sachs but expect them to be broken up by… the government? I’m confused…

Rich[/quote]

AIG is basically owned by the government and is selling off pieces of itself to pay off government loans. So I don’t see any contradiction in my statement.

In any event, I look forward to GS getting their just desserts. Hopefully the top guys will get some prison time.

[Anonymous]

[quote=Rich Toscano]IForget – You are calling them Government Sachs but expect them to be broken up by… the government? I’m confused…

Rich[/quote]

AIG is basically owned by the government and is selling off pieces of itself to pay off government loans. So I don’t see any contradiction in my statement.

In any event, I look forward to GS getting their just desserts. Hopefully the top guys will get some prison time.

[SK in CV]

Too early to tell.

Certainly the market hasn’t decided that GS is history. It will be interesting to see where they open and then move tomorrow. Despite the big drop on Friday, the stock is still trading at the lower limit of its range over the last 10 months, and it was even lower just 6 weeks ago. It’s not a stock I follow, so i have no idea what the drop in january that lasted 8 weeks was caused by. But it’s interesting that friday it didn’t drop as far as that trough. It fell quickly and gained support less than an hour later. No predictions, but I certainly wouldn’t miss them.

[SK in CV]

Too early to tell.

Certainly the market hasn’t decided that GS is history. It will be interesting to see where they open and then move tomorrow. Despite the big drop on Friday, the stock is still trading at the lower limit of its range over the last 10 months, and it was even lower just 6 weeks ago. It’s not a stock I follow, so i have no idea what the drop in january that lasted 8 weeks was caused by. But it’s interesting that friday it didn’t drop as far as that trough. It fell quickly and gained support less than an hour later. No predictions, but I certainly wouldn’t miss them.

[SK in CV]

Too early to tell.

Certainly the market hasn’t decided that GS is history. It will be interesting to see where they open and then move tomorrow. Despite the big drop on Friday, the stock is still trading at the lower limit of its range over the last 10 months, and it was even lower just 6 weeks ago. It’s not a stock I follow, so i have no idea what the drop in january that lasted 8 weeks was caused by. But it’s interesting that friday it didn’t drop as far as that trough. It fell quickly and gained support less than an hour later. No predictions, but I certainly wouldn’t miss them.

[SK in CV]

Too early to tell.

Certainly the market hasn’t decided that GS is history. It will be interesting to see where they open and then move tomorrow. Despite the big drop on Friday, the stock is still trading at the lower limit of its range over the last 10 months, and it was even lower just 6 weeks ago. It’s not a stock I follow, so i have no idea what the drop in january that lasted 8 weeks was caused by. But it’s interesting that friday it didn’t drop as far as that trough. It fell quickly and gained support less than an hour later. No predictions, but I certainly wouldn’t miss them.

[SK in CV]

Too early to tell.

Certainly the market hasn’t decided that GS is history. It will be interesting to see where they open and then move tomorrow. Despite the big drop on Friday, the stock is still trading at the lower limit of its range over the last 10 months, and it was even lower just 6 weeks ago. It’s not a stock I follow, so i have no idea what the drop in january that lasted 8 weeks was caused by. But it’s interesting that friday it didn’t drop as far as that trough. It fell quickly and gained support less than an hour later. No predictions, but I certainly wouldn’t miss them.

[Allan from Fallbrook]

IForget: As Rich correctly pointed out, buy you refuse to admit: There is an inherent contradiction in your statement.

Also, comparing AIG to Sachs completely misses the fact that one is an insurance company and one is an investment bank.

Also interesting is the fact that your friend in securities litigation didn’t discuss Bear Stearns or Lehman Bros during the course of your conversation. Both of them stand at opposite poles in terms of gubment/Fed “favoritism” (in that Bear was saved and Lehman was allowed to implode). Did your attorney friend look at the SEC complaint? Are you aware of how politically connected Goldman Sachs is? Do you have any idea of their risk exposure? I would imagine “no” is the answer to all of these questions.

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.

[Allan from Fallbrook]

IForget: As Rich correctly pointed out, buy you refuse to admit: There is an inherent contradiction in your statement.

Also, comparing AIG to Sachs completely misses the fact that one is an insurance company and one is an investment bank.

Also interesting is the fact that your friend in securities litigation didn’t discuss Bear Stearns or Lehman Bros during the course of your conversation. Both of them stand at opposite poles in terms of gubment/Fed “favoritism” (in that Bear was saved and Lehman was allowed to implode). Did your attorney friend look at the SEC complaint? Are you aware of how politically connected Goldman Sachs is? Do you have any idea of their risk exposure? I would imagine “no” is the answer to all of these questions.

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.

[Allan from Fallbrook]

IForget: As Rich correctly pointed out, buy you refuse to admit: There is an inherent contradiction in your statement.

Also, comparing AIG to Sachs completely misses the fact that one is an insurance company and one is an investment bank.

Also interesting is the fact that your friend in securities litigation didn’t discuss Bear Stearns or Lehman Bros during the course of your conversation. Both of them stand at opposite poles in terms of gubment/Fed “favoritism” (in that Bear was saved and Lehman was allowed to implode). Did your attorney friend look at the SEC complaint? Are you aware of how politically connected Goldman Sachs is? Do you have any idea of their risk exposure? I would imagine “no” is the answer to all of these questions.

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.

[Allan from Fallbrook]

IForget: As Rich correctly pointed out, buy you refuse to admit: There is an inherent contradiction in your statement.

Also, comparing AIG to Sachs completely misses the fact that one is an insurance company and one is an investment bank.

Also interesting is the fact that your friend in securities litigation didn’t discuss Bear Stearns or Lehman Bros during the course of your conversation. Both of them stand at opposite poles in terms of gubment/Fed “favoritism” (in that Bear was saved and Lehman was allowed to implode). Did your attorney friend look at the SEC complaint? Are you aware of how politically connected Goldman Sachs is? Do you have any idea of their risk exposure? I would imagine “no” is the answer to all of these questions.

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.

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