Having been previously under the impression that Goldman Sachs’s Los Angeles office was a lost tribe in the Amazon, never exposed to civilization and insulated to the trubs of the modern world in which we live, we were extremely surprised to hear that they were not spared from yesterday’s carnage. Apparently GS LA, which heretofore apparently employed about fifty bankers, laid off “everyone except for a few senior guys” this morning.

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Comments (32)

  1. Posted by guest | November 6, 2008 at 5:33 PM

    Sweet bro.

  2. Posted by guest | November 6, 2008 at 5:36 PM

    What are 1st year associate numbers?

  3. Posted by guest | November 6, 2008 at 5:36 PM

    LOL!

  4. Posted by guest | November 6, 2008 at 5:38 PM

    Pretty sweet working in the Die Hard bldg.

  5. Posted by guest | November 6, 2008 at 5:38 PM

    Who cares…its sunny there and warm. They’ll go get hired by a studio or PE firm in the entertainment industry and will fuck Anne Hathaway…
    No love for Blankie – the west coast is the left coast and is usually left out!

  6. Posted by guest | November 6, 2008 at 5:39 PM

    GS now at $80. Anybody for $60?

  7. Posted by guest | November 6, 2008 at 5:41 PM

    I’ll take $60…mark my words.

  8. Posted by guest | November 6, 2008 at 5:43 PM

    @#4…
    Is the bldg that GS-LA occupies really the one where ‘Die Hard’ was filmed? I like that movie.
    The Guy from Delaware

  9. Posted by guest | November 6, 2008 at 5:45 PM

    @6 Just a few more points and Potash will be bigger than GS. For once, I think market cap reflects reality.
    POT (= Pile of manure) > GS.

  10. Posted by guest | November 6, 2008 at 5:50 PM

    short GS, long LA = trade of the year, brahh.
    -retail

  11. Posted by guest | November 6, 2008 at 5:51 PM

    For some reason I can’t help but laugh every time I see someone post
    “What are 1st year associate numbers?”

  12. Posted by guest | November 6, 2008 at 6:02 PM

    @8 Yes

  13. Posted by guest | November 6, 2008 at 6:06 PM

    @#12…Thanks. TGFD

  14. Posted by guest | November 6, 2008 at 6:08 PM

    Heh Cramer just implicitly called WB a fraud….

  15. Posted by guest | November 6, 2008 at 6:12 PM

    Yippie kay yay motherf*cker

  16. Posted by guest | November 6, 2008 at 7:11 PM

    @11…I try
    On another note, does anyone know if this just covers IBD, or PWM as well? I didn’t think they had that large of an LA office; SF is their primary west coast sattelite.

  17. Posted by guest | November 6, 2008 at 7:14 PM

    What are Goldman’s three largest offices?
    NYC, London, and ?

  18. Posted by Suits | November 6, 2008 at 7:26 PM

    Remember that scene in Die Hard were Bruce Willis had to walk across the broken glass? That was awesome.

  19. Posted by guest | November 6, 2008 at 7:32 PM

    @17 Charlotte, obviously…

  20. Posted by guest | November 6, 2008 at 7:35 PM

    Re: Treasuries and Goldman,I’d say Bove is right!
    The country went broke on or before 10/1 when Treasuries Fails/Receives to Deliver rose to 2.6 trillion dollars and remain at that level (see way below). Its over folks…
    Treasuries will be as collectible as Goldman’s Shenandoah and Blue Mountain Stocks from 1929, currently selling for $79.95 from
    http://www.scripophily.net/b.html
    “During 1929 one investment house, Goldman, Sachs & Company, organized and sold nearly a billion dollars’ worth of securities in three interconnected investment trusts–Goldman Sachs Trading Corporation; Shenandoah Corporation; and Blue Ridge Corporation. All eventually depreciated virtually to nothing.”
    Series: PDFASUFRA XML Download
    Fails by U.S. Government Securities Dealers – U.S. Treasury Securities, Fails to Receive
    AS_OF_DATE VALUE2
    08/20/2008 $ 40,249
    08/27/2008 $ 59,354
    09/03/2008 $ 409,876
    09/10/2008 $ 33,925
    09/17/2008 $ 292,508
    09/24/2008 $ 1,846,492
    10/01/2008 $ 2,497,627
    10/08/2008 $ 2,481,355
    10/15/2008 $ 2,697,858
    10/22/2008 $ 2,627,691
    Series: PDFASUFDA XML Download
    Fails by U.S. Government Securities Dealers – U.S. Treasury Securities, Fails to Deliver
    AS_OF_DATE VALUE2
    08/20/2008 $ 30,323
    08/27/2008 $ 53,029
    09/03/2008 $ 389,067
    09/10/2008 $ 20,303
    09/17/2008 $ 285,038
    09/24/2008 $ 1,698,491
    10/01/2008 $ 2,292,258
    10/08/2008 $ 2,286,040
    10/15/2008 $ 2,607,480
    10/22/2008 $ 2,683,588
    (reload from top news story; Cock me trigger and fire like This!!)

  21. Posted by guest | November 6, 2008 at 7:43 PM

    I shall forever refer to the LA building as Nakatomi Plaza

  22. Posted by guest | November 6, 2008 at 8:22 PM

    I have a feeling things will be better tomorrow.
    http://www.youtube.com/watch?v=e0daTVnJmt8
    SPODE

  23. Posted by guest | November 6, 2008 at 8:38 PM

    3 biggest GS offices are NY, London and HK

  24. Posted by guest | November 6, 2008 at 9:26 PM

    you can buy WSJ from 11/4 and 11/5 on eBay for $119, and another dude is selling it for $9.99…and they are talking about CREDIT spreads widening…this is unprecedented!

  25. Posted by guest | November 6, 2008 at 9:43 PM

    Bangalore > HK

  26. Posted by guest | November 6, 2008 at 9:59 PM

    Chicago has about 1,000 employees, where does that slot in.

  27. Posted by guest | November 7, 2008 at 12:20 AM

    HK is obviously much bigger if you don’t count the IT contractors.

  28. Posted by guest | November 7, 2008 at 1:01 AM

    They will all be polishing knob in Hollywood or working for Cheeseman, Kikelstien & Co. Mortgage Brokers within the week.
    Gotta keep the BMW Convertible lease payments up y’know?

  29. Posted by guest | November 7, 2008 at 1:19 AM

    Goldman had 50 bankers in the LA office? I think Lehman had maybe 5.

  30. Posted by guest | November 7, 2008 at 8:57 AM

    NYC, London & Tokyo
    London has the artificial sun light so you can work ’til 1 am and still think it’s daylight outside.

  31. Posted by guest | November 7, 2008 at 9:54 AM

    GS…see you boys at $40!!!

  32. Posted by guest | November 7, 2008 at 10:25 AM

    Thank God we will not have to see those GS Dickbags at Chateau Marmont anymore! Suckers were paying major scratch for bottle service and bad meth. Go work for the Hollywood studios now you fuckin weenies!

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