$$$ Abacus might have had other benefits for Goldman [Reuters]
$$$ Banker Saves Septuagenarian Trapped in Corn Silo [Daily Intel]
$$$ Moore’s Bacon Richest Hedge Fund Manager In U.K. [FINalternatives]
$$$ The GS Metaphor Reel [HP]
$$$ Goldman SEC charges to spark cases against others [The Deal]
$$$ Citi CallsThe Cops On The Schnitzel Truck [BI]
$$$ Feeling The Adrenaline Of Wall Street (BigThink)
What an exciting week to come. Learned all these tricks from taking down LTCM.
http://online.wsj.com/article/SB10001424052748704627704575203882067718088.html?mod=WSJEUROPE_hpp_LEFTTopWhatNews
New Goldman Documents Show Executives Cheering Downgrades
“Top trader Michael Swenson said that as a result of the downgrades, certain payments Goldman owed to investors would “go to zero.”
“Sounds like we will make some serious money,” responded another executive, Donald Mullen.
At another point in July 2007, Goldman executives appear to discuss how their mortgage investment numbers were up, despite big losses on securities known as collateralized debt obligations and residential mortgages.
“Tells you what might be happening to people who don’t have the big short,” wrote Chief Financial Officer David Viniar in an email.”
The Golden Scrotes never lose.
http://levin.senate.gov/newsroom/supporting/2010/PSI.Exhibits.pdf
GOLDMAN GOLDMAN GOLDMAN
Drexel???
Check out Tourre’s love notes from Page 80. These French…
http://documents.nytimes.com/goldman-sachs-internal-emails?ref=business#document/p22/a25
@5– enough to make Pepe Le Pew cringe. Books to read– Freakonomics? Came out in 2005! No one was no one if they weren’t reading “Blood on The Street” by Charles Gasparino(available on kindle).
He was getting his grind on avec Marine Serres. I enjoy tender moments.