- This topic has 35 replies, 7 voices, and was last updated 16 years, 10 months ago by
drunkle.
-
AuthorPosts
-
November 19, 2007 at 6:43 AM #101150November 19, 2007 at 12:01 PM #101295
VanMorrisonFan
ParticipantToday’s NY Times had an interesting article on Goldman Sachs. They were actually pretty shrewd in that they got out of the way, while Merrill Lynch, Citicorp, etc., did not. Goldman Sachs was getting out of the mortage-backed-securities business a while back and hedging the few investments they kept. As a result they do not believe they will have ANY losses on their MBS portfolio.
Gotta hand it to Goldman Sachs…they saved their shareholders some grief.
November 19, 2007 at 12:01 PM #101350ParticipantToday’s NY Times had an interesting article on Goldman Sachs. They were actually pretty shrewd in that they got out of the way, while Merrill Lynch, Citicorp, etc., did not. Goldman Sachs was getting out of the mortage-backed-securities business a while back and hedging the few investments they kept. As a result they do not believe they will have ANY losses on their MBS portfolio.
Gotta hand it to Goldman Sachs…they saved their shareholders some grief.
November 19, 2007 at 12:01 PM #101323ParticipantToday’s NY Times had an interesting article on Goldman Sachs. They were actually pretty shrewd in that they got out of the way, while Merrill Lynch, Citicorp, etc., did not. Goldman Sachs was getting out of the mortage-backed-securities business a while back and hedging the few investments they kept. As a result they do not believe they will have ANY losses on their MBS portfolio.
Gotta hand it to Goldman Sachs…they saved their shareholders some grief.
November 19, 2007 at 12:01 PM #101208ParticipantToday’s NY Times had an interesting article on Goldman Sachs. They were actually pretty shrewd in that they got out of the way, while Merrill Lynch, Citicorp, etc., did not. Goldman Sachs was getting out of the mortage-backed-securities business a while back and hedging the few investments they kept. As a result they do not believe they will have ANY losses on their MBS portfolio.
Gotta hand it to Goldman Sachs…they saved their shareholders some grief.
November 19, 2007 at 12:01 PM #101307ParticipantToday’s NY Times had an interesting article on Goldman Sachs. They were actually pretty shrewd in that they got out of the way, while Merrill Lynch, Citicorp, etc., did not. Goldman Sachs was getting out of the mortage-backed-securities business a while back and hedging the few investments they kept. As a result they do not believe they will have ANY losses on their MBS portfolio.
Gotta hand it to Goldman Sachs…they saved their shareholders some grief.
November 19, 2007 at 12:30 PM #101310Raybyrnes
Participant“Get real. Goldman Sachs is out for one person. Themselves.”
That is the only person they should be looking out for. Themselves and their clients. When many companies were bullish on MBS they took the other side of the trade. Pretty smart thinking. For every loser their has to be a winner. Goldman seems to come out ahead more times than it’s competitors.
November 19, 2007 at 12:30 PM #101322Participant“Get real. Goldman Sachs is out for one person. Themselves.”
That is the only person they should be looking out for. Themselves and their clients. When many companies were bullish on MBS they took the other side of the trade. Pretty smart thinking. For every loser their has to be a winner. Goldman seems to come out ahead more times than it’s competitors.
November 19, 2007 at 12:30 PM #101223Participant“Get real. Goldman Sachs is out for one person. Themselves.”
That is the only person they should be looking out for. Themselves and their clients. When many companies were bullish on MBS they took the other side of the trade. Pretty smart thinking. For every loser their has to be a winner. Goldman seems to come out ahead more times than it’s competitors.
November 19, 2007 at 12:30 PM #101338Participant“Get real. Goldman Sachs is out for one person. Themselves.”
That is the only person they should be looking out for. Themselves and their clients. When many companies were bullish on MBS they took the other side of the trade. Pretty smart thinking. For every loser their has to be a winner. Goldman seems to come out ahead more times than it’s competitors.
November 19, 2007 at 12:30 PM #101366Participant“Get real. Goldman Sachs is out for one person. Themselves.”
That is the only person they should be looking out for. Themselves and their clients. When many companies were bullish on MBS they took the other side of the trade. Pretty smart thinking. For every loser their has to be a winner. Goldman seems to come out ahead more times than it’s competitors.
November 19, 2007 at 7:17 PM #101423Chris Scoreboard Johnston
ParticipantChris Johnston
Rumor has it they have a big short position they are trying to “urge along.” I do not know if this is true.
Keep in mind they just downgraded C after it has fallen 43%, so their timing is at the very least very suspect, and at the worst criminal. Do not hang your hat on this call just because it is GS. By the time all of this is over, we may be surprised at the depth of deceptions even in places like GS. There is alot of massaging of numbers going on right now from the Federal government on down to individual companies, IMO.
The 3.9 GDP was a hall of fame bogus number.
November 19, 2007 at 7:17 PM #101509ParticipantChris Johnston
Rumor has it they have a big short position they are trying to “urge along.” I do not know if this is true.
Keep in mind they just downgraded C after it has fallen 43%, so their timing is at the very least very suspect, and at the worst criminal. Do not hang your hat on this call just because it is GS. By the time all of this is over, we may be surprised at the depth of deceptions even in places like GS. There is alot of massaging of numbers going on right now from the Federal government on down to individual companies, IMO.
The 3.9 GDP was a hall of fame bogus number.
November 19, 2007 at 7:17 PM #101520ParticipantChris Johnston
Rumor has it they have a big short position they are trying to “urge along.” I do not know if this is true.
Keep in mind they just downgraded C after it has fallen 43%, so their timing is at the very least very suspect, and at the worst criminal. Do not hang your hat on this call just because it is GS. By the time all of this is over, we may be surprised at the depth of deceptions even in places like GS. There is alot of massaging of numbers going on right now from the Federal government on down to individual companies, IMO.
The 3.9 GDP was a hall of fame bogus number.
November 19, 2007 at 7:17 PM #101565ParticipantChris Johnston
Rumor has it they have a big short position they are trying to “urge along.” I do not know if this is true.
Keep in mind they just downgraded C after it has fallen 43%, so their timing is at the very least very suspect, and at the worst criminal. Do not hang your hat on this call just because it is GS. By the time all of this is over, we may be surprised at the depth of deceptions even in places like GS. There is alot of massaging of numbers going on right now from the Federal government on down to individual companies, IMO.
The 3.9 GDP was a hall of fame bogus number.
-
AuthorPosts
- You must be logged in to reply to this topic.