Supposedly, yes.
For Goldman Sachs Group Inc. and Morgan Stanley, two of Wall Street’s biggest commodities-trading firms, the year’s largest initial public offering represents a nightmare come true: the rise of unregulated rivals. In the wake of the financial crisis, governments and regulators such as the Federal Reserve and Basel Committee on Banking Supervision are cracking down on risk-taking at New York-based banks like Goldman Sachs and Morgan Stanley. At the same time Glencore, a 37-year-old company that primarily focuses on physically moving commodities around the world, faces no limits on leverage, proprietary trading or compensation.
“Glencore is unregulated and competes in many of the same businesses,” said William D. Cohan, author of “Money and Power: How Goldman Sachs Came to Rule the World” and a contributing editor to Bloomberg. “It’s based in Switzerland and can do a lot of things that Goldman can’t do anymore.”
Nocturnal emission…
UBS was bookrunner on that? The sucking, it’s stopping?
Head hurts, can’t think.
UBS was bookrunner on that? The sucking, it’s stopping?
Head hurts, can’t think.
Laura: “Lloyd are you okay?”
Lloyd: “I think so, but I had a dream that Lucas Von Praag kocked on my office door and was standing there smiling, wearing nothing but a Glencore fleece.”
Laura: “Perhaps you should skip the corporate sauna for a few days?”
Laura: “Lloyd are you okay?”
Lloyd: “I think so, but I had a dream that Lucas Von Praag kocked on my office door and was standing there smiling, wearing nothing but a Glencore fleece.”
Laura: “Perhaps you should skip the corporate sauna for a few days?”
THAT’S GOLD, GUEST, GOLD!
THAT’S GOLD, GUEST, GOLD!
commercial banks, investment banks, and hedge funds have NO BUSINESS in the physical energy space. leave that to the logistics specialists you p#$$ies.
commercial banks, investment banks, and hedge funds have NO BUSINESS in the physical energy space. leave that to the logistics specialists you p#$$ies.
Pinky Green used to call himself “Pink” when introducing himself to people. A long time ago we had a reception for some of our counterparties and Pinky and I were standing in the receiving line greeting our guests. Andy Hall came by and then a fellow named Jack from Sun International shook hands with me. “Jack” then turned and shook hands with Pinky as Pinky introduced himself as “Pink Green”.
Young Jack was taken aback by Pinky’s introduction of himself as “Pink Green”. Jack, a sharp oil trader who had never met Pinky quickly replied, “Well, red, green, yellow blue…”
A hush fell over the receiving line as Pinky looked at Jack like “a turkey looking at a new feeder” as my Texas friend Oscar would say. Of course, I could not contain myself at that turn of events and when I started laughing so did Pinky and everyone else.
It makes me feel good to remember those days. Yes it does.
Pinky Green used to call himself “Pink” when introducing himself to people. A long time ago we had a reception for some of our counterparties and Pinky and I were standing in the receiving line greeting our guests. Andy Hall came by and then a fellow named Jack from Sun International shook hands with me. “Jack” then turned and shook hands with Pinky as Pinky introduced himself as “Pink Green”.
Young Jack was taken aback by Pinky’s introduction of himself as “Pink Green”. Jack, a sharp oil trader who had never met Pinky quickly replied, “Well, red, green, yellow blue…”
A hush fell over the receiving line as Pinky looked at Jack like “a turkey looking at a new feeder” as my Texas friend Oscar would say. Of course, I could not contain myself at that turn of events and when I started laughing so did Pinky and everyone else.
It makes me feel good to remember those days. Yes it does.
On the other hand, if Glencore’s counterparties go tits up, Timmy G isn’t going to funnel $20 billion their way so they can pay Glencore off. What was GS whining about again?
On the other hand, if Glencore’s counterparties go tits up, Timmy G isn’t going to funnel $20 billion their way so they can pay Glencore off. What was GS whining about again?
Damn right!
Brutal!
I see what you did there.
To JR,
I’m breaking up with you.
I must have been out of my mind. Look at you. Why don’t you do
something with your life? Sit around here all day, you contribute nothing to
society. You’re just taking up space. How could I be with someone like you?
Couldn’t respect myself.
Da only ting dat gets Goldman Sucks sweatin is ME! Dats rite yous guys. Da thug – or so Lloyd like to calls me. One of yous guys says dat deese guys ain’t afrade of me. Oh ya. Den hows comes day always runs away. Huh. Dont be givin me dat stuff dat dey can’t stand to be around someone of my education. Hey – dey don’t call me da Disgrace from PAce for notin.
And, who was dat punk dat said my best writin was widt a can a spray paint on a freeway overpass. Fuk him. If I catch da punk, I frickin break his legs.
Last and not least, lay off my old lady. So she puts away some pasta. You ought to see da cans on dat chik.
That´s simply bullshit. Hedge Funds are the biggest players in Commodities, GS and MS only do institutional client services, trading on own purposes was driven back. Glencore, Vitol and Trafigura are physical players in commodities, they trade real oil hedging with derivatives. GS and MS does not own oil tankers. That GS is moving physically commodities is right, but the amount compared to OTC- traded Commodities is ultra low. Inform better, when you right articles
That´s simply bullshit. Hedge Funds are the biggest players in
Commodities, GS and MS only do institutional client services, trading on
own purposes was driven back. Glencore, Vitol and Trafigura are
physical players in commodities, they trade real commodities hedging with
derivatives. GS and MS does not own tankers or storages. That GS is moving
physically commodities is right, but the amount compared to OTC- traded
Commodities is ultra low. Inform better, when you right articles.
That´s simply bullshit. Hedge Funds are the biggest players in
Commodities, GS and MS only do institutional client services, trading on
own purposes was driven back. Glencore, Vitol and Trafigura are
physical players in commodities, they trade real commodities hedging with
derivatives. GS and MS does not own tankers or storages. That GS is moving
physically commodities is right, but the amount compared to OTC- traded
Commodities is ultra low. Inform better, when you write articles.
i like the way you change your text formatting to catch our attention.
I like the way you didn’t notice “when you right articles” until the third draft…
GS just happens to make global commodities sell call a week before largest commodities IPO ever…..coincidence….I think not. Lloyd was bitter.
That’s “write” articles, frog.
That’s “write” articles, frog.
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