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.”
Posted by guest , Oct 15, 2009 8:01AM
The Oracle is laughing all the way to the bank.
-first
Posted by guest , Oct 15, 2009 8:05AM
@1 laughing all the way to the whore house. get it right.
-wb
Posted by mrpink , Oct 15, 2009 8:10AM
Suck on this, taxpayers.
-LB
Posted by guest , Oct 15, 2009 8:17AM
@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
Posted by guest , Oct 15, 2009 8:26AM
I'm Greg's dry wit and I want to kill myself.
Posted by guest , Oct 15, 2009 8:30AM
Heh Heh, He said Butswinkas, heh heh
Posted by guest , Oct 15, 2009 8:30AM
Golden Scrot the Movie
Mr Bond I expect you to die!!!
Posted by guest , Oct 15, 2009 8:34AM
Gold Member
Posted by guest , Oct 15, 2009 8:38AM
H'mmm Calpers used to be a big AQR account. The plot thickens.
Posted by Retail , Oct 15, 2009 8:40AM
Anyone know a good ETF that tracks this FICC thing? Seems like a money making machine!
Posted by guest , Oct 15, 2009 8:44AM
"Citigroup Posts Net Income of $101 Million".
Way to go Vikram. My local bodega posted better earnings this quarter.
Posted by wcburrs87 , Oct 15, 2009 8:48AM
If Vik had his Zen garden earnings would've topped Goldman's. Just saying.
Posted by guest , Oct 15, 2009 8:48AM
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.
Posted by guest , Oct 15, 2009 8:50AM
"Citigroup Posts Net Income of $101 Million"
sounds like someone's bonus. just sayin.
-AH
Posted by guest , Oct 15, 2009 8:59AM
We threw twice that amount down the drain to appease the pitchfork wielders.
-G.Scrote
Posted by guest , Oct 15, 2009 9:00AM
@14 I see what you did there. Hilarious!
Posted by guest , Oct 15, 2009 9:05AM
@14 blow me.
-vik
Posted by guest , Oct 15, 2009 9:07AM
@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.
Posted by guest , Oct 15, 2009 9:09AM
@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
Posted by guest , Oct 15, 2009 9:15AM
Heineman's quote translated - I tried to get into Goldman when I worked at GE but they wouldn't take my call. Merritt != Broad.
Posted by guest , Oct 15, 2009 9:17AM
10bn from fixed income. Thanks Ben, your the best daddy bf a twink could ask for!
-j winkelreid
Posted by Anal_yst , Oct 15, 2009 9:18AM
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?
Posted by guest , Oct 15, 2009 9:20AM
@14 Nicely done.
Posted by guest , Oct 15, 2009 9:35AM
Tear down your CITI wall, tear it down, right meow!
Posted by guest , Oct 15, 2009 9:57AM
Heineman had no qualms about a huge pay package while at GE. What a hypocrite
Posted by guest , Oct 15, 2009 9:59AM
@21 good, but he no longer works there.
Posted by guest , Oct 15, 2009 10:07AM
Woohoo! DOW 10,000 here we come!
Posted by guest , Oct 15, 2009 10:22AM
11am
(877) 700-4194 passcode 28581886
http://www.citigroup.com/citi/fin
Posted by guest , Oct 15, 2009 10:24AM
And what do the gay City bankers get? LeBeouf?
Posted by guest , Oct 15, 2009 10:38AM
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.