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 »
The following employees successfully made it through the two-year “cross-ruffing” process and were inducted into the Brotherhood of the Sach this morning. Be sure to send them a congratulatory message at some point today; right now they’re with HR, receiving instructions on how to operate their newly promoted nether regions, which were dipped in gold just an hour ago and can take some time getting used to. Read more »
After two long years of a highly uncomfortable process called “cross-ruffing,” today is the day a small group of Goldman Sachs employees’ lives will be forever altered. In addition to the physical change that will result from the new partner status– their genitals will now a emit a light similar to that of a glowing orb, visible through dress pants– here’s what else the young princes and princesses of West Street can expect:
- A call from on high.
- Sandwiches in a conference room.
- The ability to get anyone you want on the phone without having to resort to groveling.
- A new expectation– because of the bags of money– that you’ll be available to the firm, which can track your movements via the GPS installed in your golden scrot, at any time.
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 »
Pay no mind to the silly Europeans or global oil prices. In fact, pay no mind to anything that can be connoted by the word “global.” All that matters is happening right here in the greatest country in the history of the world. Although, it must be said, those matters are not necessarily great themselves. Read more »
HOW *DARE* YOU
Goldman Sachs: Sex Discrimination Practices At The Bank Are A Lot More Nuanced Than Ex-Employees Are Making Them Out To BeBy Bess Levin
Goldman commissioned its own study re: certain allegations of gender discrimination and the results show there’s a lot that went over Cristina Chen-Oster and Shanna Orlich’s heads. Read more »
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 »