Who is surprised that Goldman might buy large chunks of Lehman’s former private equity investments? I mean, to support the conspiracy theory you always need the “follow the money” phrase (and a montage that gets you from the early days at Goldman to the Duke brothers trading orange juice). We just thought we’d mention it and hint provocative that Goldman had something to do with the demise of Lehman.
Goldman Sachs Group Inc., Coller Capital and Lexington Partners Inc. are weighing bids for Lehman Brothers Holdings Inc.’s investments in U.S. and European private-equity funds, people with knowledge of the matter said.
In other rumors, Goldman is bidding on all of Waxman’s assets and looking to hire black-bag men to drug him and leave him penniless and naked in Mexico somewhere.
Goldman, Coller May Buy Stakes in Lehman’s Private Equity Funds [Bloomberg]
Is being penniless and naked in Mexico such a bad thing?
i believe it was meant to read penile-less and naked. something about organ harvesting?
Is Trader Monthly covering this stuff? I figured Magnus would be working for “Auto Trader” by now.
was it ever a question that Goldman & Baldie orchestrated the demise? huh, guess i took it for granted.
@ 1, it is not a bad thing. It beats being penniless and naked in Jersey City like Cluzo.
gs, clearly doesn’t have the same rules that we all play by.These guys are wrong in everysense of the word. They were reckless in the crude oil pick at 150 bux a barrel and now this. Any firm that downgrades another should not be able to purchase said downgrade when it goes under. C’MON!!!!!!!!!!!!!!!!!!!
Bigger news: the NY Post says that women that drink too much coffee causes shrinkage in their chest. Men who drink too much coffee causes Moobs or man b__bs.
No one says you have to play nice in business, but you certainly shouldn’t play dirty. GS = piranhas.
They stir the pot and then ladle themselves a big heaping after it’s cooled off a little.
@ 5
Cluzo isn’t from, and doesn’t live in Jersey City, but w/e he can defend himself if he so chooses, just lettin you know fwiw
@ 7
challenge (on the 2nd part)
Goldman feasted on Lehman’s demise in pretty much exactly the same way they did with LTCM. Piranhas indeed.
Cmon #6
don’t you know how this works? first you collude to disrupt a business or share price in some way; then you show up and offer your investment banking services to “fix” the problem
you built a position in the shares, then you charge the client a retainer, underwriting fees, due diligence, directors fees, etc, take’em private, take public – fees, fees, fees, then sell the shares
rinse, repeat
As a former GS employee and a spouse of ex-LEH, I’m sure it’s all true and more. Evil is as evil does. I’m really bitter. Can you blame me?
come on, George Walker (linked to W Bush) runs the PE business of Lehman and he is…. an ex-Goldman!!!
unbelievable isn’t it?
I am surprised anyone expects good behavior from a wall street firm after the last 10 years.
THere’s good behavior, bad behavior and then there’s GS behavior.
#15
Good call!
Isn’t most of Mexico penniless and naked?
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