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Goldman Sachs Trader To The Rescue!

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Are you a Stamford resident two shakes away from being thrown out on your ass? All may not be lost, if you make a mental note to show up at the Yerwood Center this Saturday, where Goldman Sachs trader Christopher Meek will be holding a meet and greet with distressed homeowners and lenders (including HSBC, People's United Bank, New Alliance Bank, Webster Bank and Freedom Mortgage) to share some leaf cookies and assess some situations. Also in attendance will be debt counselors from Housing Development Fund, Neighbor Works, the Urban League of Southern CT and the Connecticut Housing Finance Authority.
Meek came up with the idea last fall while talkin' foreclosures over beers with work pals. Chris suggested organizing an info session between the foreclosers and the foreclosees, and his naysaying colleagues said "you'll never be able to do it," bet him a cup of coffee he couldn't, and ordered more shots. How wrong those drunk bastards were.
Chris told the Stamford Advocate that working on the event for the past several months has "...opened my eyes to things...I truly believe this economic environment has made everyone a kinder, gentler person." He expects that around 72 families may be able to modify their loans this weekend, though as many as 200 could show up. But no one will go home empty handed. Any people that can't come to some sort of resolution with the lenders will be offered a Snuggie and a warm bed, no questions asked, at this place.


Goldman Sachs Wants To Be Your Friend

And to show how serious it is about being your friend, here, have a macrame bracelet.

Goldman Sachs Analysts Now Free To Leave The Nest Whenever Or Stay For The Ultimate Payoff

Back in May, we reported that there was a bit of tension between some growing first year analysts and higher-ups at Goldman Sachs. The issue was that the li'l fellas, antsy to leave the nest, were making arrangements with private equity firms and hedge funds for the following year, when they still had a little more than twelve months left until their two year commitment to GS was complete. And while Mama Lloyd and Papa Gar want nothing more than to see their babies succeed, they also felt like the kiddos were jumping the gun a little bit (and were in violation of the rule that when you live under their roof, you play by their rules, namely that no analyst shall take part in recruiting until six months from the time they’ve finished the two year program). To set an example, a bunch of particularly bad analysts were kicked to the curb and while it probably did put the fear of God into the others, who've remained on the straight and narrow ever since, it didn't make anyone very happy. So now this is happening: Goldman Sachs is doing away with two-year contracts for most analysts hired out of college, according to communications reviewed by The Wall Street Journal and confirmed by a Goldman spokesman. Analysts also won't get bonuses for completing the program, which has been around for a quarter of a century and has been viewed as a meal ticket to a lucrative Wall Street career. [...] The New York company's decision came after executives grew frustrated that many graduates weren't staying with the firm after completing the two years, and after Goldman fired a handful of analysts over the past year for signing on to work at other financial companies in violation of their contracts. Goldman has been reaching out to employees over the past two days to inform them of the changes, which will take effect for analysts who will start in 2013. "We think the historic two-year program is no longer the best approach for hiring and developing the careers of analysts in our banking and investment-management divisions," said the Goldman spokesman. "Making this change allows us to emphasize the longer-term career opportunities available atthe firm." No more fighting, no more sneaking around, no more need for anyone to put their foot down. If you want to leave after a year (or sooner), if you think you're grown up enough to make it out there on your own, by all means, go. That's your call and no one's gonna stop your or beg you to reconsider.* But if you decide you want to stay, be it for two years or twelve or twenty, Gary Cohn's thighs appreciate your commitment to the firm and look forward to working with you one day. Goldman Overhauls 2-Year Entry-Level Analyst Program [WSJ] Earlier: Goldman Sachs Does Not Look Kindly Upon First Year Analyst Who Plan In Advance *It's a mistake, of course, but it's yours to make.