You knew it was coming sooner or later. I guess it’s coming sooner. From TheStreet.com: Goldman Sachs (GS) and other big securities dealers made bundles of money last quarter because they faced fewer competitors, but now BlackRock(BLK) is hoping to change that. BlackRock, soon to be the world’s largest money manager, is working on a…
Goldman Sachs
A Reminder: Why The I-Banks Are Tolerated
Oh yeah, that’s why they’re tolerated so well… Sources: Cagle.com
More Hot Links: Chutzpah Alert!
More Hot Links for Weekend Reading… Chutzpah Alert! Goldman Sachs wants more taxpayer-funded police for its new HQ’s security. (NYP) 5 Tips for Successful Trading from Bob Prechter. (PragCap) Sad story of the Yale bride who disappeared before the wedding. (DailyBeast) The 70 year old bank robber, armed with an oxygen tank…we’re in troubs. (JrDepAcct)…
Ripping Off The Wealthy Chinese
This is a shockingly absurd story. Goldman, Citi and the rest of the gentlemanly, altruistic global banks invented yet another disgraceful product at or around the peak of the stock market a couple of years back and they aimed it, not unlike a loaded gun, squarely at the foreheads of wealthy Chinese businessmen. The fact that…
Tomorrow's Business Headlines?
I’m not saying these hypothetical headlines are likely, but I also wouldn’t fall out of my chair if one of ’em popped up in some variation or another. “JPMorgan’s Dimon Jealous Of AIG And Citi, Wants Back In To The TARP” “Four Hundred Percent Of All Homeowners Underwater On Two Hundred Fifty Percent Of Their…
Hot Links: Gartman, DeLong, Merkel & The Big Dogs
Stuff I’m Reading this Morning… On tap today: New home sales, consumer confidence, the Richmond Fed. The Fly is liking the refiners here. (iBankCoin) Commodities guru Dennis Gartman starting a new hedge fund. (MarketFolly) This is a non-story to me, but the Goldman trading huddles are now in the spotlight. (Clusterstock) Bernanke to get the…
Squashing the Goldman Beef
You can always tell when you’re talking to someone who at one point in their career worked at Goldman Sachs. How? Simple. Within the first 5 minutes or so, they will begin a sentence with the phrase “When I was at Goldman,”. This is the real world equivalent of Anchorman‘s Ron Burgundy telling a girl…
Breakfast Links: Heidi Moore, Bill Clinton & Runpee.com
Stuff I’m Reading this Morning… Heidi Moore get’s her head handed to her by Matt Taibbi after her silly Goldman Defense…(TrueSlant) Is Taibbi’s next conquest Charlie Gasparino and CNBC? On Imus Radio? (Clusterstock) Mike Konczal on unemployment insurance, great post. (Rortybomb) Finally, an interesting stimulus handout: Advanced batteries for cars. (WSJ) Bill Clinton is STILL…
Hot Links: CNBC, Fox Biz & Larry Summers
Hot Links for Weekend Reading… Bronte Capital takes on these phony baloney explanations of how Goldman Sachs could have made $22 billion in High Frequency trading. (Bronte) Speaking of Goldman, how has Warren Buffett fared with his stake? (Hint: he kicked ass so far). (DealBook) I thought this faux-CNBC homepage artwork was hysterical. (TBP) Even…
Breakfast Links: Pinning Down Roubini
Stuff I’m Reading this Morning… OMG, some my fave links of the month so far today! Blankfein to Goldman employees: “Please refrain from wearing your crowns outside of the office”. (New Yorker) The recession is now screwing with the British pub business, time for us to get serious. (USA Today) Just try pinning down Nouriel…
