Goldman Sachs Reports 2009 Third Quarter Earnings Per Common Share of $5.25 (GS)
“Although the world continues to face serious economic challenges, we are seeing improving conditions and evidence of stabilization, even growth, across a number of sectors,” said Lloyd Blankfein. “Our client franchise businesses — advisory, financing, market making and asset management — contribute to and benefit from the overall improvement in conditions. Because the job market, and growth more generally, remain under stress, we continue to be focused on actively helping our clients in order to promote greater economic activity.”
Citigroup Posts Net Income of $101 Million (CNBC)
Loss of 27 cents a share.
Goldman Sachs Bonus Stigma May Overshadow Charitable Endeavors (Bloomberg)
This guy’s not happy: “Surely there are extraordinarily important uses of capital in a capital-constrained society that they might consider rather than just paying themselves sums beyond the dreams of avarice,” said Ben W. Heineman Jr.
Calpers Rocked By Pay To Play (WSJ)
Don’t tell Calpers that, though: “We are gathering facts to confirm that the $50 million in fees paid to Arvco did not come at our expense,” said spokeswoman Pat Macht.
City bankers ‘regularly offer prostitutes to clients’ (Guardian)
Your shock of the morning.
Bear Stearns Fund Managers Lied Repeatedly to Investors, Prosecutor Says (Bloomberg)
Several times! Not according to defense attorney Dane Butswinkas, though, who said his client Ralph Cioffi is a victim of the financial crisis. Also: “People counted on their ability to forecast the future — sometimes they’re right and sometimes they’re wrong, but they’re not criminal.”
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
The Oracle is laughing all the way to the bank.
-first
@1 laughing all the way to the whore house. get it right.
-wb
Suck on this, taxpayers.
-LB
@2 my bad
I am shocked, shocked! that bankers would call on the services of prostitutes. I was under the impression that we *all* had a stream of hot Russian models waiting patiently at the weekday apartment.
-1
I’m Greg’s dry wit and I want to kill myself.
Heh Heh, He said Butswinkas, heh heh
Golden Scrot the Movie
Mr Bond I expect you to die!!!
Gold Member
H’mmm Calpers used to be a big AQR account. The plot thickens.
Anyone know a good ETF that tracks this FICC thing? Seems like a money making machine!
“Citigroup Posts Net Income of $101 Million”.
Way to go Vikram. My local bodega posted better earnings this quarter.
If Vik had his Zen garden earnings would’ve topped Goldman’s. Just saying.
If Vikram spent more time strategizing and less time munching on Indra Nooyi’s (that racist bitch) cookies, maybe he’d earn more than the gravel company down the street from me.
“Citigroup Posts Net Income of $101 Million”
sounds like someone’s bonus. just sayin.
-AH
We threw twice that amount down the drain to appease the pitchfork wielders.
-G.Scrote
@14 I see what you did there. Hilarious!
@14 blow me.
-vik
@9
CALPERS is like the smokin’ ditzy blonde who gets passed around to everyone. They’ve invested in about everything, and taken some nasty losses as a result.
@9/18 “Calpers completely withdrew its money. The marketing guys used to love to boast how they had Calpers (although it was in long-only managed account and not in hedge funds) to potential investors. They’ve probably gone quiet on the bragging lately.”
http://dealbreaker.com/2009/05/peacing-out-and-patchouli-at-a.php
Heineman’s quote translated – I tried to get into Goldman when I worked at GE but they wouldn’t take my call. Merritt != Broad.
10bn from fixed income. Thanks Ben, your the best daddy bf a twink could ask for!
-j winkelreid
O noesss, GS is paying huge bonuses that all of their employees will hoard, its sooo bad for the economy!!!
Can I get ______ down economics, _______ down economics, anyone, bueler?
@14 Nicely done.
Tear down your CITI wall, tear it down, right meow!
Heineman had no qualms about a huge pay package while at GE. What a hypocrite
@21 good, but he no longer works there.
Woohoo! DOW 10,000 here we come!
11am
(877) 700-4194 passcode 28581886
http://www.citigroup.com/citi/fin
And what do the gay City bankers get? LeBeouf?
http://www.calpers.ca.gov/eip-docs/about/board-cal-agenda/agendas/invest/200909/item04a-04.pdf
(see page 21 – private equity returns of public funds > $10 Billion)
Wow. Getting your ass handed to you by a bunch of public plans. Nice job, Calpers. Next time have Topeeka Police and Fire run your PE money, asshats.