Having spent most of our time Lloyd Watching, we haven’t observed Goldman President Gary Cohn in the brush too much. Gotta say though, we are digging his style. Watch here how he finds the loophole during a talk with the WSJ re: which bank will be the *FIRST* to repay its TARP money, (verbally) throws the interviewer on his back and says “No, sir, we will indeed quibble over semantics.” (We also enjoy the uncanny resemblance to Champ Kind, who will play him in the movie.)
WSJ: One question on everyone’s mind’s and us and other have raised it several times in the last few days is…does Goldman become the first to give back TARP money?
Cohn: I don’t know.
WSJ [confused]: Why not?
Cohn: I can’t speak for everyone else who has it. [Since the question was, "will GS be the first," and, conceivably, for all we know, Ken Lewis could be paying BAC's money back right this second, making GS the second to repay.]
WSJ: But you’re the president of Goldman Sachs [can't you speak for yourself?]
Cohn: There may be someone giving it back right now.
WSJ: [Figuring out where he's going with this] Could be.
Cohn: Could be.
[stare each other down]
Cohn: I would have no idea. If you got all the TARP recipients up here maybe we could come up with an answer to that.
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He seems like a really nice and friendly guy. Was he sitting on a cock, it looked like he was uncomfortable. Or maybe he was totally full of shit and felt stupid trying to shovel it on TV.
@1: I have met the guy twice in social setting (not Wall St related), and he seems to be one of the few nice, decent, good people out there. Other finance d-bags should take notes on this cat – your business is NOT who you are.
Ouch. Reflection from that bald head left me blind in one eye.
@2 “not WS related?” it sounds like he was sitting on your cock.
What were you guys doing ex togther?
This is the dude who will play Gary Cohn in the soon-to-be-made movie, “Wall Street 911″..(Low buzz has it that Ron Jeremy has “tested” for the part of Bernard Madoff….)
http://en.wikipedia.org/wiki/Evan_Handler
Is Golman Sachs a competitor for JP Marlin?
Wow from playing Charlett’s last husdband on Sex and the City all the way to running GS. Damn that guy is talented. You can see his acting skills in this interview.
Posted by guest, Mar 24, 2009 3:24AM
EP,
Goldman bot 126 calls on the 10 yr contract hours before the QE announcement. I’m sure they did levels on that shit going both ways, but how the fuck would they know that the announcement would be so momentous? And how did they know to buy such out of the money calls? How the fuck does someone make directional bet that the T market would move the most in nearly 50 years, and get it right?!?!?
While the rest of the market got its dick ripped off, the Goldman boys somehow came out great? How did they know, omniscience? The turnover between the treasury and Goldman is sickening. Add this to everything else Goldman has done over the many years. Cheaters, they are fucking cheaters.
‘And this is not a case of “Don’t hate the player, hate the game.” Goldman is the only player that I know that slants the fucking game in their favor. If anyone else in the market pulled a tenth of the shit they did the SEC would scream “TILT, TILT, TILT.” But no, Goldman gets away with it. Now add the AIG nonsense to all their other sneaky plays.
This is the real story of our time: Goldman crony garbage.
-Fuck Goldman”
FROM LAST NIGHT’S THREAD.
Threaten to revoke Goldman’s “real” bank status and see how fast Mr. C shits out an answer.
How can they pay back the TARP when they are running 90 days behind on payables???
“Where is ghetto lover Maxine Waters? I’ll kick her ass if she even thinks about fucking with me”
Gary Cohn
@10 because they will use the TARP money dont you get it. They all use TARP money.
Its like Monopoly money only it destroys lives.
I’m a medical student… my broker was telling me one day not to listen to blogs because “…people who have real jobs and make real money don’t have time to blog.”
I cant wait until TARP becaomes a verb.
To TARP something:
To take whats not yours form others and use at your own will without concern for whom you got it from.
Use in sentance: I TARPED thats guys wife last night while he was out of town.
Also see: FUCKED, STOLE, FUCKED OVER,SPENT, TAXED, PROFIT, JETS, BONUS
dude I am your broker.
@6 – it’s JT Marlin
@ 8 – right on brother. fuck em
Gary Cohn: “Dude, did you see that giant Lobster?”
@13- you, and your broker, are idiots.
#13, you are a doctor and you can’t multi task?
13 He meant other blogs, not this one.
2 Some (not me, but some) however would argue that its all an act. That part of the skill that lands you at GS is to appear more decent than most. And self effacing as well – that comment yesterday that GS people wear Brioni suits is laughable; they actually make a fetish of appearing low keyed in bland mid priced suits and $49 plastic runners watches. While under it all they’re the most ruthless of all.
http://www.urbandictionary.com/define.php?term=Paulson
Guest@#8…
TGFD hates Goldman Sachs too.
Bess…Please set Goldman’s new office tower on fire. I know you’re a firebug, so it’s something I can envision you doing.
TGFD can just imagine the reflections in your eyes of those wonderful flames as they dance before you, and as you stand, transfixed and unable to break free from their intoxicating embrace.
The Guy from Delaware
@18 as a surgeon I’ll be making bank. as a paper pusher you’ll probably never clear more than $250k/yr… i think i’ll spend more than that on my first ferrari. is daddy paying your rent while you spend all day in sweatpants watching bloomberg and cnbc on split screen? no one on this site is actually successful. successful people don’t have time for baby games.
“It’s still trust but verify. It’s still play, but cut the cards. It’s still watch closely. And don’t be afraid to see what you see.” http://tinyurl.com/apfhcr
this guy does great work with ron and keith hernandez
@20 yes we know they have no style or soul. We can see that everytinme they testify before the senate.
23 I should point out that a lot of healthcare I bankers are MD’s – as in Medical Doctors, not Managing Directors. Ask why they go into banking after med school and they all give the same answer: for the money.
@23 “no one on this site is actually successful. successful people don’t have time for baby games.”
says the guy following the comments so he can post-back. fag.
over under TGFD weighing 350 pounds?
I’m taking the over all day.
- med student
Hey timid blog reader! I am successful as any Amaranth or Motherrock trader and I participate and read this blog by God!! So, there.
@29 if healthcare ends up the way Capt O’merica wants it. You most likely will need to keep a second job.
Be nicer to TGFD, you may be the one buying his donuts for him.
@28 i’m not claiming to be successful…and my (future) profession actually deserves the compensation… you idiots spend all day spouting off republican talking points and think you’re somehow entitled to making all this money to basically hide liabilities and steal from the middle class…funny thing is none of you will ever be one of the few to make real papes. it’s great that all of you have these fantastic jobs and life that allow the flexibility of coming on here everyday and reading/posting about what some airhead cnbc anchor said today… that’s truly amazing, i can only imagine how important your jobs are…
…now run along and finish your next spreadsheet.
medstudent@#29…
Try paying attention during your psych rotation, if you ever get that far.
“Take the over all day”, and you’ll be needing a part-time job as a janitor in the morgue just to pay your apartment rent.
The Guy from Delaware
@22 – If Bess does that, she’ll take out Chevy’s and that, my friend from Delaware, will wipe out Tex Mex cuisine for all of us.
@ 23 – Medicine is the next thing Barry will take over, or eff up, depending on your pov.
Unless you’re going into P&R, congratulations on making $ 100k a year, which is what a surgeon makes in Germany, France, Canada, etc.
Btw even P&R is trailing off, since without all those credit cards the trashy, chubby trucker wives aren’t getting their tummy tucks like they used to.
- M.D. who is considering law school and/or a cabin in Idaho
31 beat me to it. other than being a hyper-specialist, medicine is no longer the path to wealth of any real consequence. good luck with the med mal premiums while you’re balancing those med school loans. john edwards has it out for you. his hair > your life.
Ahh, of course… the predictable “barry is going to ruin medicine” responses… i’m all for some form of socialized medicine. i see far too many children and poor in the er every week without coverage. not only heart breaking, but had they had coverage a lot of their issues would be greatly diminished. and if money is your thing there will always be lucrative private practice opportunities. either way, unlike bankers, i will always have a SKILL to fall back on.
@32 So…you actually haven’t done anything yet. Try and accomplish something before you speak in the future. Good luck getting out of undergrad. I hope those pathetic schlubs you call mom and dad can still afford their house (even if they can’t they’ll probably get bailed out by the same guy who’s going to kill your earning potential). Good luck on your future RN program.
@37 I’m 2 years removed from undergrad and the ‘rents are doing just fine. actually my father just bought ANOTHER brand new ferrari…cash.
rn isn’t a bad career choice… if i was a 30 y/o single mother who wanted to go back to school, that’s prob what I’d do. late.
@13 (presumably @ 23, etc).
Most Dr’s (or those studying to be such) I know are relatively smart people. Your comments repeatedly suggest that you are a severe exception to this rule. A few comments, in no particular order:
Dr. Dad is quick to remind me (and has for a long time, part of why I didn’t follow his footsteps) that medicine in virtually any form is not nearly as lucrative as it was 20, 50, 100 years ago (relative basis), save a few here or there. The only ones I know who drive Ferrari(s) are those who are Head of Surgery, run very large specialty practices, and/or have small/no family. Most make what, $200-$400k/year or so, which in a major metro area like the Tri-State makes you firmly middle-to-upper middle class; hardly rich.
You’re right though, most people in finance don’t make millions a year, but the same is true for Dr’s. So, while you criticize us for spending our days staring at our computer monitors, you’ll be spending yours against similar odds with your face shoved in very unpleasant places of the human body, no doubt.
Also, the fact that you listen to a single word your broker says yet criticize those of us who spend some of our time here is insane, not to mention ignorant and presumptious.
I’m not here to start a fight, so let me end with a word of advice:
Ditch your broker, open an E*Trade (etc) account, buy a diversified (sector, geography, etc) set of no-load mutual and index funds, set aside maybe 10 or 20% for “play” money and sit on it.
I won’t presume to tell you how to treat whatever condition you’re studying to address, so I’d suggest you stop presuming to inform those who actually study(ied)/work in Finance how to do our jobs, either.
You’re welcome in advance.
@38 lets be clear- Vets dont count as docs. We are talking about PEOPLE doctors. Please tell me vet is your discipline?
Otherwise healthcare is already gone.
@39
find it funny that (most likely) a spreadsheet money calling a 2nd year med student an idiot. most of you are talentless.
just think how rich all of you bankers would be if you got all working americans to give you guys 10-20% of their income… funds are sooooo safe, picking my own trades is probably too risky huh? best to just give it to you guys and then pray it grows by the time i’m ready to retire…that is if you don’t steal or mismanage it all before then.
my father and all of his friends are doing quite nicely. every doctor we know is doing well. i’ve only heard about “poor” doctors on cnn. to make money in medicine all you need is talent… which obviously my father has. to make money in banking you just have to know how to steal the best…
@41 Sounds like someone has a daddy complex! Try to accomplish something for yourself and not rely on your father’s (theoretical) accomplishments.
@41 – paraphrased: “my daddy’s the bestest”?!? What are you, 6 years old?
seriously, wtf is a doctor (med student even?) even doing on this site? just here to do make yourself feel better with a morality pat on the back? we get it, you save lives blah blah blah. self-esteem problem much? some of you are also pricks (god complex anyone?) and some of you also kill people, commit insurance fraud, break ethical guidelines. as a rule of thumb, the human race seems to have spread its evil spawn across all industries pretty evenly.
@41 – shouldn’t you be practicing sticking your finger up your ass or something.
To the Doc:
Shut your hole. As a doctor, you sound like you’d make a nice paperweight. Go elsewhere and tell “people who care” how smart you are. Oh wait…
When you get to the “Real world”, and Daddy’s not buying you everything, THEN come back and tell us something. Otherwise, put your diapy back on and get lost.
@41 yeah, well my dad’s cock is bigger than your dad’s cock. wtf. who cares about your daddy. and go back to yahoo finance.
@41
I didn’t call you an idiot anywhere in my prior post. I did, however, allude to the fact(s) that while you may know something about Medicine and wealthy Doctors/families, you know little-to-nothing about finance or economics, and would thus be well-served to STFU before you do yourself any further disservice.
As a matter of fact if you had read my post, I actually recommended VERBATIM that you do NOT give your money to a “Financial Advisor” or “stock broker,” invest in low/no-fee products, and manage some of your money yourself.
I’m not quite sure why I’m even bothering to respond to you, since you’re very clearly here to brag about your father, his rich doctor friends, and how you’ll very soon be joining their ranks, and care not about things like “facts” or “reason.”
If you’d like to actually learn something about this industry – and I think I speak for most Dealbreaker “regulars” here – stop sounding like such a douche and ask. I know myself and others would be more than happy to educate you (to a point) on a variety of subjects or goings-on.
However, if you’re here to run your mouth about things which you do not understand, especially in the matter-of-fact manner which you’ve chosen, please do us all a favor and go the f*ck away.
@41 YEAH FUCK YOU.
haha you guys actually responded to a 20 year old med student talking shit.
fuck, the indian won, you lost. give it up.
Of all the professions, doctors tend to make the worst investors. They’re generally intelligent, but from 18-28 they study nothing but medicine, so they don’t know shit about money. However, the arrogance/intelligence factor leads them to believe they can do it all on their own. I mean, if they knew anything about TVM, they wouldn’t go into a field where they get huge into debt then make 50K a year until they’re damn near 30.
@51: Right on. Doctors are, without a doubt, one of the easiest groups of people to fleece on the planet. You can’t con $5 from a fry cook at Burger King, but a doctor will throw his life’s savings into some half-assed stock without blinking an eye.
Speaking of brokers, doctors and dads, my father is a broker and some of “best” clients are docs.
Doctors pull high quality wool, though…
@Bess…
In consideration of #34′s suggestion, I ask that you burn only the floors of the new Goldman building that are above the Chevy’s Diner.
TGFD wouldn’t want you to “wipe out Tex Mex cuisine” for everyone.
The Guy from Delaware