If Goldman reminds you just now of that exhibit at the zoo with all the dark red lights, like the school darkroom but with signs that read “No Flash Photography – Nocturnal Exhibit,” you aren’t alone. For a firm that desperately wants to slide back into the warm cape of the dim, Goldman is getting a lot of attention (even with respect to Goldman memos about how Goldman is getting too much attention). And now, this:
In its latest quarterly filing with the Securities and Exchange Commission, the firm offered lots of additional details about its hugely profitable second quarter. But deep into the filing, the investment bank also disclosed two government inquiries that weren’t mentioned in previous filings — one regarding its pay practices, and the other involving credit derivatives.
Goldman has been facing heavy scrutiny lately, especially after it reported billions of dollars in income in the second quarter and set aside more than $11 billion for employee compensation, all during a quarter when it paid back aid it received from the federal government.
The scrutiny appears to be growing.
You noticed, eh?
The reality is that it will be a long time before Goldman can comfortably slip back into the shadows- if ever. In the meantime, a dark pair of shades is probably called for. Just sit back and bask in the sunshine for a bit. It’s going to be a long day.
Goldman Faces Inquiries on Pay and Derivatives [Dealbook]
BORING
wow – waited 47 minutes for this? BTW, 47 minutes per post is not exactly the new killing it..
That’s it. I’m going to hang out with the poors at Above the Law till Bess gets back.
Are you telling me that Goldman Sack is now doing business as Lloyds Banking Group, Mr. Blankfind?
– Maxine
@3 – Don’t do it. I have been over there. They are all idiots and they are poor.
fuck, db is dead
Hey guys, where is everyone? I’m lonely, and little scared.
oh god shut up…all this crying what are you 5 years old
I say this is a perfect time for everyone to migrate over to Fashonista, and harrass them for the rest of the week.
@6 agree
It’s kind of sad that as this post went up nymag had posted this:
“Shia LaBeouf researched his upcoming role in Wall Street 2 by spending the day at Knight Capital Group in New Jersey. “
http://www.bloomberg.com/apps/news?pid=20601087&sid=am7Ds.JhNxvw
“Goldman Sachs $100 Million Trading Days Reach Record (Update1)”
“Aug. 5 (Bloomberg) — Goldman Sachs Group Inc. made more than $100 million in trading revenue on a record 46 separate days during the second quarter, or 71 percent of the time, breaking the previous high of 34 days in the prior three months. ”
71% of the time!! ka-ching!
EP is Canadian eh?!
When does Bess get back?
Either GS has stooped to pushing adulterated penicillin, or EP posted a pic intended for a UBS swipe: “In medieval Italy under the Borgias you had murder, constant war and assassinations, but the result was Michelangelo and the Rennaissance; In Switzerland you had 400 years of peace, democracy and brotherly love, and it produced … the cuckoo clock…”
awesome flick
GS eats everyone’s ass for lunch. Fact. Deal with it.
EP is the wife, Bess is the dirty tart we love.
@ 16 – dirty tarts rock.
1 = Mark Cuban
Bess makes me horny
The picture tells a story. Nice one, Cryil.
The Goldman wives hate that they are waiting to for you to blog this story:
http://www.nypost.com/seven/08052009/gossip/pagesix/goldman_sachs_wives_hate_to_wait_183044.htm
The IRS demands that the Swiss turn over the secrets of the inner workings of that cuckoo clock of which you speak, Mr. Welles.