This page has been archived and commenting is disabled.
Goldman President Cohn Says "No Indication Goldman Is Close To Settling With SEC"
This is certainly not going to help the firm's plunging stock today. And some more from Cohn: "Goldman continues to serve its clients. Clients are very loyal." Again, Gary, where are they going to go? Luckily Goldman has a fixed income sales and trading anti-trust exemption so, yes, they will be there for as long as Goldman is not officially found to be a monopoly. And lastly, Cohn, when discussing the Volcker rule, says "it is unclear." On the contrary, we think it is pretty clear. What is even clearer is the massive impact on Goldman's EPS should it pass. But isn't prop only 10% of Goldman's revenues? Goldman should be perfectly viable even if it has to spin off prop, and continue to rake in quarter after quarteer without a single trading day loss. Right Gary?
»
- 2824 reads
- Printer-friendly version
- Send to friend
- advertisements -
Time to buy. Settlement to be expected after hours.
Either that or they are trashing their stock so that they can take it private on the cheap.
What say you?
Time to buy. Settlement to be expected after hours.
I wouldn't touch this pig as it has broke into fresh 52 week low on heavy volume. This is prolly more PR to try and repair their "image problem". Interesting though, as I want VR to kill prop trading AND hedge/PE fund ownership all at the same time. That way, they can't open shop in the US as a new fund and continue their games. Of course, till Europe gets with the program, I guess there is nothing to stop them from relocating their sleazy operation over there...
Exactly my thought. They've probably already settled with the SEC, and are just in the process of deciding which people to use as Patsys for any criminal investigation.
Cohn's message was probably intended more for internal consumption at Goldman than the public at large. Make sure the future Patsy crew thinks Goldman is still fighting for them, when they've already been sold up the river. Wonder what Fabulous Fab is up to these days?
Why should anyone trust anything, pos or neg, re GS that any GS higher-up says?
Godlmn Sachs says to its clients....
http://ohellnawlblog.com/newohnblog/wp-content/uploads/2010/02/Cat-YouJustGotServed-727855.jpg
Hey Gary. Do you need another bailout?
WALL STREETU NO RONIN:
http://williambanzai7.blogspot.com/2010/06/wall-street-ronin.html
What time is the ES convergence/divergence thing? 230?
The SEC's pursuit of the Hudson CDO would seem to support Cohen's claim.
WTF, CNBC has Amanda Drury on wearing a top with a plunging neckline and they keep covering her up with stupid "Breaking News" graphics.
Who's the programming director at CNBC, Barney Frank?
Was he reading a text, like Yoel Zaoui, the head of Goldman in Europe ? He had his first interview live on a french radio and it looks like he had the question before the interview as he is reading his answers...
You can see the video here :
http://dai.ly/cpn9Jh
"Go figure: Bush Treasury Secretary Hank Paulson and then NY Fed President Tim Geithner misled the public as to how bad AIG’s position actually was.
The two failed to disclose to the public that the AIG problem was even worse than reported. They described AIG’s problems as a “cash squeeze” when it was in fact a full blown bailout of AIG. WHat was supposedly a loan to a distressed company in fact was a bailout of dubious legality.
Had the reality of the situation been properly disclosed, the $185 billion rescue might not have been made. Hence, the fraud."
http://www.ritholtz.com/blog/2010/06/paulsongeithner-committed-fraud-in-...
Explanations of the bailout from current and former top government officials have never fully jibed, fueling allegations that most of the money was always intended for Wall Street rather than Main Street.
Elizabeth Warren, the chairwoman of the Congressional Oversight Panel that's tracking the use of bailout money, said at a hearing in late May that the government "broke all the rules" with its rescue of AIG, which she labeled a "corporate Frankenstein" that defied regulatory oversight.
Read more: http://www.mcclatchydc.com/2010/06/08/95534/aigs-problems-far-greater.html#ixzz0qTblfV3GThe PR dichotomy is playing out like only the schizophrenic US MSM can perform. Today it's as if we were a Colony striking back against the plunder of Mother England. God Save the Queen and her loyal subjects (she ain't no human being!) whereas yesterday, the Colonists were threatening a BP Tea Party as it failed to prevent on their watch and purview Exxon Valdezes into the GoM. Imagine juxtaposing such a situation and interchange Iran and Israel into this context. Today new sanctions for perceived errors on the NNPA, whereas a total denial of its existence is ignored. What is the value of the blather called analysis with this sort of bias writ large? There to be led and fed, and STFU.
http://www.thecheapbags.com
http://www.thecheapbags.com/miu-miu-handbags-c-16.html
http://www.thecheapbags.com/chanel-handbags-c-537.html
http://www.thecheapbags.com/louis-vuitton-handbags-c-513.html
http://www.thecheapbags.com/hermes-handbags-c-536.html
http://www.thecheapbags.com/balenciaga-handbags-c-534.html
http://www.thecheapbags.com/marc-jacobs-handbags-c-15.html
http://www.thecheapbags.com/dior-handbags-c-530.html
http://www.thecheapbags.com/jimmy-choo-handbags-c-532.html
http://www.thecheapbags.com/dg-handbags-c-7.html
Welcome to visit http://www.christianlouboutinsandalssale.com. So cute and how stylish they are! The peep toe shoes are various styles such as peep toe pumps. These peep toe high heels can make you crazy which are so sexy! For example, red peep toe pumps are so charming! The black peep toe pumps are so calssical! White peep toe pumps are so pure! The wedge peep toe shoes can bring you different comfortable feeling! We offer many series of sandals high heels such as Alexander McQueen Shoes, manolo blahniks, manolo blahnik wedding shoes and christian louboutin slingbacks. The peep toe slingback are hot sale this summer! Welcome to shop or buy fashionable sandals high heels shoes!