• 10 Nov 2008 at 1:37 PM

Goldman Covers Its Bases

By Bess Levin

Picture 157.pngSome of you might have noticed that Goldman Sachs has been taking been taking a bit of a hit this morning. Last week there was vague talk about going private by people who don’t speak for the firm. Today, Charlie Gasparino reports that senior executives at Goldman have told him “that is not in the cards at least right now.” So, uh, ok, when you put it that way! Other things not in the cards for right this second but totally possible in the next five include a merger with a now desperate Vikram Pandit, a holiday party, and the stock going to $1.05.

Comments (19)

  1. 1
    Posted by guest | November 10, 2008 at 1:39 PM

    First bitches…………Rememebr the alamo!!!

  2. 2
    Posted by Seaman Bodine | November 10, 2008 at 1:49 PM

    GS will go private via a reverse-reverse merger PIPE; they will charitably donate themselves to a shell company, ideally one with court ordered protection, and then they will do a series of private transactions on public equity, where common shares become private pieces of paper used to help bag holders ease their year end tax bill

  3. 3
    Posted by Lowly Assistant | November 10, 2008 at 1:51 PM

    There’s the spirit that beat the Japanese! Go, Lloyd! Go!

  4. 4
    Posted by guest | November 10, 2008 at 2:05 PM

    Funny how GS let go more Employees than consultants.

  5. 5
    Posted by guest | November 10, 2008 at 2:09 PM

    no country for old men. t boone, icahn, kerkorian, redstone and now buffett? what is this country doing to its aged!

  6. 6
    Posted by guest | November 10, 2008 at 2:18 PM

    @5
    DRINKING THEIR MILKSHAKES!!!!!!
    - Daniel Plainview

  7. 7
    Posted by guest | November 10, 2008 at 2:28 PM

    Wait I thought “Goldman had the smartest guys on the street”? oh wait

  8. 8
    Posted by guest | November 10, 2008 at 2:29 PM

    DRRRRRRIIIIIIIIIIIINNNNNKKKK ITTTTTT!!!
    WHAT’S WRONG WITH GS? THEY WERE $240/SH A YEAR AGO? WHY ARE THEY FALLING? DON’T THEY EMPLOY ONLY THE HOTTEST AND SMARTEST PEOPLE AROUND? MODELS, HARVARD, ETC.? I DON’T GET WHAT’S WRONG WITH THAT BUSINESS MODEL.
    I DEMAND A CONGRESSIONAL INVESTIGATION.
    -BLACK & SCHOLES

  9. 9
    Posted by guest | November 10, 2008 at 2:42 PM

    Charles,
    I think you have an inFUCKtion in your ear…..what GS really said is “that is not in the cards till at least midnight”

  10. 10
    Posted by guest | November 10, 2008 at 2:50 PM

    @ 5 — don’t forget Hank “the Spank” Greenberg…

  11. 11
    Posted by guest | November 10, 2008 at 3:00 PM

    shut the fuck up 9

  12. 12
    Posted by guest | November 10, 2008 at 3:08 PM

    Can’t imagine how happy those secondary buyers are for having bought $5 BILLION at $123 in September, wow….

  13. 13
    Posted by guest | November 10, 2008 at 3:17 PM

    hey Charles @11 – hit a sore spot, did we?

  14. 14
    Posted by guest | November 10, 2008 at 3:21 PM

    Gasbag has his period today

  15. 15
    Posted by guest | November 10, 2008 at 3:33 PM

    @2-
    Seaman, I think you are smarter than me. I know what a PIPE is, and I know what a reverse merger is, but I think you lost me at “reverse-reverse merger PIPE”. Sounds a lot like a plain vanilla buyout after you net out all the modifiers.

  16. 16
    Posted by Seaman Bodine | November 10, 2008 at 3:40 PM

    @15
    wtf? seriously?

  17. 17
    Posted by guest | November 10, 2008 at 3:53 PM

    @5 and Ed McMahon.

  18. 18
    Posted by guest | November 10, 2008 at 9:38 PM

    GS is going private. cheaper to go private at $50/sh than $250. think what they can do then.
    they continue to be 3 steps ahead of everyone else.

  19. 19
    Posted by guest | November 10, 2008 at 11:24 PM

    It is NEVER too late to short GS.

Leave a comment

You can log in with your account or comment as a guest below.

   or