Goldman Sachs

If he had known....The bank’s about to ‘fess up to its profits on the “worthless” (or not so worthless?) derivatives it sold to Libya’s former “Brotherly Leader.” Read more »

Happy Early Hannukah.To be fair, great idea though it may be, it is available only to a very limited set of investors, in this case a set of one. But if you can’t beat the Brotherhood of the Sach—and you cannot—you can at least join them in shorting the euro, buying 10-year T-bills at between 2% and 3%, and siding with nickel over copper. Also: Read more »

Goldman Sachs Is Smart

Come to give thanks. Not smart enough to avoid almost certain death without that government lifeline in 2008, but smart enough to realize that said lifeline, coupled with the 1999 banking deregulation that helped lead to the financial crisis of which that almost certain death was a part, gave it (and Morgan Stanley) a tremendously unfair advantage over everyone else vis-à-vis commodities, one that’s still printing money for the bank. Read more »

Lloyd Blankfein (Probably) Has Another $700M To Spend

Enjoying himself.Like every other Wall Street bank, Goldman Sachs squirreled a couple hundred extra million dollars in the third quarter, to pay fines and settlements and the like. Unlike its “peers,” however, the House of Lloyd is feeling pretty confident about matters legal and regulatory. Read more »

Goldman Sachs Just Wants A Winner

Assessing the cost of the place.Lloyd Blankfein may have a direct line to the Big Guy Upstairs, but he seems to have been withholding some crucial information in recent years, based on certain bets made by GS. That Romney character is not President of the United States, Goldman’s best check-writing efforts notwithstanding, and Brazil is rather emphatically not sporting a sixth star on their soccer jerseys these days. But if the polls are right—and, really, when are they not?—Goldman won’t be backing the wrong horse this time around. Read more »

Bonus Watch ’14: Goldman Sachs

Thanks, guys.The Little Lloyds won’t be getting as much of that extra 25% in revenue the bank earned last quarter, but they’ll do alright. Read more »

Maybe Traders Shouldn’t Be Allowed To Trade Anything

For themselves, anyway. If they work at a bank. It would just make things so much simpler, says BreakingViews. Read more »