And in case you were wondering, the answer is yes. Facilitate does translate loosely to “reach-around.” Continue reading »
Gary Cohn
Goldman Sachs Bending Over Backwards To Show Clients Firm Cares, Bribing Them With Sushi
By Bess Levin
Time was, if you were, say, a hedge fund client of Goldman Sachs, you knew not to expect much in the way of bedside manner. No coddling, no hand holding, no Shmoopy Talk. You could try getting them on the phone, but that was generally futile, as all client calls were automatically rerouted to the Rejection Line. Oh, you felt like you weren’t getting enough attention? You wondered if maybe there was a chance they were sometimes screwing you? Too bad. The way GS saw it, you were lucky if they didn’t nut in your eye. Your only recourse was to roll over and take it, or GTFO. Since the whole “SEC fraud charge,” however, things have changed. Continue reading »
Being in the business of “facilitating clients,” as Gary Cohn likes to put it, seems like the most profitable game in town these days.
Goldman Sachs just revealed in an SEC filing that its traders made money on every single trading day last quarter, a record for the firm. Net revenue for trading was $25 million or higher in all of the first quarter’s 63 trading days with 35 of those days bringing in more $100 million, according to the filing. Continue reading »
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Lloyd Blankfein and Gary Cohn, daring you to even suggest their exposure to AIG was anything but immaterial. Don’t say it. Don’t even think it. You are, however, welcome to suck on their prestige. [Annie Leibovitz, Vanity Fair]
