The Two Most Important Points From Today's Goldman Call

World Domination HQ?

Raising $5 Billion to Pay You Back

Goldman Sachs held an earnings conference call early this morning which was live-blogged by the New York Times‘ columnist Floyd Norris.  Good, ’cause I had some Cookie Crisp cereal to eat right around that time.  Congrat’s on your $5 billion capital raise, but I gots to feed the machine.

There were two notable things on the call, however, that I thought I’d pass on from the Norris coverage.

1.  The Merrill analyst asked if they made money from the controversial, taxpayer-financed AIG transactions.

The answer is cautious. Most of the effect was in December. For the first quarter, the total A.I.G. effect on earnings was, in round numbers, zero.  So what was the A.I.G. effect in December? They did not say. Is it possible the loss then would have been larger without the A.I.G. bailout? We’ll see if any analyst asks.

They totally blew it off.  Wonder if anyone will pursue this issue.

2.  Goldman thinks the distressed asset bonanza is just around he corner.

Goldman says it thinks that within a few months the buyers and sellers for distressed assets will come together, and will then provide opportunities for Goldman.  That forecast, if it comes through, would end a lot of the problem with marking such assets.

This is good news, even if the Empire is one of the few investment banks left standing to reap the rewards.  Plus, I hate that f%$@in’ phrase “hard-to-value assets” like I hate going to the dentist, so let’s hope the buyers and sellers can start placing this garbage.

Click the link below for the full Live-Blog…

Full Story: Live-Blogging Goldman Call

Read Also:

 Bailout Army of Retail Investors

Goldman Sachs Backlash

Full Disclosure: I have no positions in Goldman Sachs, long or short.

Tags: , , , , , ,

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. real-primewire commented on Sep 16

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2009/04/14/the-two-most-important-points-from-todays-goldman-call/ […]

  2. EatVerts commented on Sep 22

    … [Trackback]

    […] Information to that Topic: thereformedbroker.com/2009/04/14/the-two-most-important-points-from-todays-goldman-call/ […]

  3. bitcoin era review commented on Sep 25

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2009/04/14/the-two-most-important-points-from-todays-goldman-call/ […]

  4. kid commented on Sep 25

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2009/04/14/the-two-most-important-points-from-todays-goldman-call/ […]

  5. Sweet hampers commented on Sep 29

    … [Trackback]

    […] Here you will find 39252 additional Info on that Topic: thereformedbroker.com/2009/04/14/the-two-most-important-points-from-todays-goldman-call/ […]

  6. Bitcoin Era Review 2020 commented on Oct 01

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2009/04/14/the-two-most-important-points-from-todays-goldman-call/ […]

  7. buy marijuana online commented on Nov 21

    … [Trackback]

    […] Find More on to that Topic: thereformedbroker.com/2009/04/14/the-two-most-important-points-from-todays-goldman-call/ […]

  8. https://www.bestroofguy.com commented on Dec 06

    … [Trackback]

    […] Here you can find 20369 additional Information on that Topic: thereformedbroker.com/2009/04/14/the-two-most-important-points-from-todays-goldman-call/ […]

  9. Samsung LW15M23C manuals commented on Jan 21

    … [Trackback]

    […] There you will find 33945 more Info to that Topic: thereformedbroker.com/2009/04/14/the-two-most-important-points-from-todays-goldman-call/ […]

  10. Asus Premium P5WD2 manuals commented on Jan 22

    … [Trackback]

    […] Find More Information here to that Topic: thereformedbroker.com/2009/04/14/the-two-most-important-points-from-todays-goldman-call/ […]