GS
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SAC Capital Gets "Tips" from Goldman Sachs; If Only There Were a
Pattern -08/31/09 at
10:23 AM CDTby Mark
Mitchell
Earlier this week, The Wall Street Journal
published what should have been a fairly explosive story
implicating Goldman Sachs (GS) and its favored hedge fund clients
in yet more market miscreancy. Predictably, though, this story did
not have what journalists call “legs.” No other
mainstream media outlets picked it up. There was no outrag...
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MS GS NYT
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Goldman Pillages, Goldman Steals, Goldman Sachs
-08/19/09 at 11:07 AM
CDTby Judd Bagley
Consider below a simple timeline from one of the
strangest periods our financial markets had ever experienced. As
you read it, keep in mind that following the demise of Bear
Stearns, the strictest interpretation of the so-called investment
bank “Bulge Bracket” included just four entities:
Goldman Sachs (GS), Lehman Brothers, Merrill Lynch and ...
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GS DB
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SEC Enforcement Director Robert Khuzami Jokes About Causing The
Marke... -08/09/09 at
12:11 PM CDTby Perry
Rod
In a speech for the New York State Bar,
Securities and Exchange Commission Enforcement Director Robert
Khuzami made a joke that for some might be more telling that it is
funny. He stated: "I'm pretty proud of my own 100-day
accomplishments. So how have things changed? Before I joined the
Division in March, the Dow was struggling around 6500
points....
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GS
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Goldman Sachs Predicts the Future -08/07/09 at 12:18 PM CDTby Perry Rod
Conspiracy theorists will love this.
Yesterday, Jan Hatzius, the chief U.S. economist at Goldman Sachs
(GS) revised his forecast of job losses from 300,000 to 250,000.
The prediction was very accurate. Today, we learned that the
number turned out to be 247,000. Is it golden analysis or does
Goldman somehow own the government, as many have rec...
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JPM GS WAHUQ.PK
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No Such Thing As Bad Press For Goldman Sachs
-07/03/09 at 3:42 PM
CDTby Perry Rod
Matt Taibbi has written a scathing piece in
Rolling Stone magazine about how Goldman Sachs (GS) is the "Great
American Bubble Machine." He basically makes yet another case
that Goldman Sachs makes money by controlling America's politicians
and regulators. He is not the first to make this case. For
example in 2006, Kyle Pope, a former writer a...
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GS
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Barack Obama: Another Captured Pawn of Goldman Sachs' Wall
Street -04/27/09 at
6:05 PM CDTby Perry Rod
It isn’t really a conspiracy or a
criticism. It’s just a fact. In 2006, The Los Angeles
Times did a story entitled, “Goldman Sachs Rules The
World,” pointing out that former President Bush’s team
of economic experts were basically a team of former Goldman Sachs
executives. That list included Henry Paulson, who ra...
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BAC
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Bank Of America Corp's Preferred Trusts Continue to Trade at
Irration... -03/04/09
at 10:21 PM CSTby Perry
Rod
In my first installment of this issue on
February 20th, I highlighted an unusually enormous spread between
the yields of nearly identical Merrill Lynch and Bank of America
preferred trusts. In particular, MER-C on that Friday closed
with a yield of 26.79% while BAC-U closed with a yield
of 15.58%. It turns out that on that parti...
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C BAC
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With Citigroup and Bank of America Leading The Way, The S&P 500
Is Ha... -02/23/09 at
6:45 PM CSTby Mahyar
Hashemi
Things are getting ugly in an unprecedented
way. Last month, The New York Times reported that the S&P
500 was having its worst decade yet as of the end of January 2009,
with a 5.1% ten year drop after accounting for inflation and
reinvested dividends. That beat the previous record of 1974
when the S&P 500 dropped 4.7% in a ten year per...
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BAC
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An In Depth Look Into Bank Of America Corp Preferred Trusts And
Their... -02/21/09 at
5:07 PM CSTby Perry Rod
In my last installment, I showed that Bank Of
America (NYSE: BAC) preferred trusts are trading at yields that are
completely arbitrary when compared to their own nearly identical
trusts. I further pointed out that the Merrill Lynch Trusts,
which are basically the same trusts with the exact same terms,
trade at an even greater discrepancy. Let's get...
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BAC
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Bank Of America Preferred Stocks Trading At Dramatically Different
Yi... -02/20/09 at 5:37
PM CSTby Perry Rod
Only in unprecedented times like these will you
ever see the following situation. Merrill Lynch Trust
Preferred stock (stock symbols MER-D, MER-E, MER-F, MER-K, MER-P,
MER-U) closed on Friday with an average yield of over 26%, while
the virtually identical and better known Bank of America Trust
Preferred stock (stock symbols BAC-B, BAC-C, BAC-U, BAC...
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BAC OIL USO C
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The United States Oil Fund: A Way to Short The
Market? -02/19/09 at
6:34 PM CSTby Reggie
Abaca
With fewer people working in the United States,
fewer people have been driving. It had been assumed that this
would cause a new trend of falling consumption of oil, as was the
case in the early 1980's. But hold on there. Oil prices
shot up on Thursday after government data showed that oil
inventories unexpectedly fell and consumption may...
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JPM
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Consolidation Brings Job Cuts -11/28/08 at 1:46 PM CSTby Reggie Abaca
J.P. Morgan is now saying that they will be
cutting jobs at Washington Mutual. This is on top of job cuts at
their other recent acquisitions, including Bear Stearns. This news
highlights a new trend toward profitability - significant job cuts.
The continued cuts are sure to significantly impact the economy.
And the timing could not be worse. This holi...
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