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The Long Craig's List, Short Goldman Pair Trade

Tyler Durden's picture




 

From the conference call, according to Lloyd Blankfein, Goldman is just a glorified Craig's list. Seeing how there is a slight valuation mismatch between the two, we believe a Long CL Short GS pair trade is in order.

GOLDMAN'S BLANKFEIN: ROLE JUST TO BRING TOGETHER MKT PARTCPNTS
GOLDMAN'S BLANKFEIN: WOULD NEVER CONDONE INAPPROP BEHAVIOR
GOLDMAN'S BLANKFEIN: WOULD NEVER INTENTIONALLY MISLEAD ANYONE

Also, the firm refuses to disclose if there are other Wells Notices outstanding. We are keeping a close eye on Mr. Jonathan Egol's Finra record: we were amused that the U-4 of Fab Tourre was finally updated.

 

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Tue, 04/20/2010 - 08:34 | 309111 MiningJunkie
MiningJunkie's picture

Just go read and re-read Atlas Shrugged another six times and it all becomes crystal clear...

Tue, 04/20/2010 - 08:36 | 309114 Howard_Beale
Howard_Beale's picture

Well you can block Goldman's IP's at work but over the weekend they surely noted the U-4's you posted.

Tue, 04/20/2010 - 12:31 | 309450 Hephasteus
Hephasteus's picture

Goldman can make themselves any ip address not taken they want. They can use ianna reserved as easily as the cia. Rules are something they make not something they follow.

Tue, 04/20/2010 - 08:37 | 309115 Howard_Beale
Howard_Beale's picture

Double post.

Tue, 04/20/2010 - 08:37 | 309116 justbuygold
justbuygold's picture

If the SEC could get a few billion in fines imagine what they could do with it .  Hire some really smart ex-hedge fund dudes, some quants, offer larger whistleblower rewards, etc ... and really crack down on the banks.

Of course that would be the positive outcome in a dream world where everything was kosher and the SEC actually cared about cleaning things up.

In the corrupt world we live in Goldman will fight tooth and nail not to let the SEC get its precious money and the SEC will screw up as usual.

 

 

Tue, 04/20/2010 - 09:08 | 309134 doublethink
doublethink's picture

 

With a 22-page indictment, do you really think the SEC is going full bore all by itself? The real beauty of the fraud charge is that the door has now been opened to private parties--institutional investors, governments and so forth--who can afford not only top legal talent but also the experts you mention above. Brilliant.

 

http://www.ft.com/cms/s/0/d2af9178-4b1f-11df-a7ff-00144feab49a.html

 

 

 

Tue, 04/20/2010 - 08:54 | 309126 mrdenis
mrdenis's picture

I believe Blankfein hit it right ,all I ever read about CL is how whores keep ripping off johns for there money ...

Tue, 04/20/2010 - 09:09 | 309139 zver
zver's picture

http://www.youtube.com/watch?v=dQw4w9WgXcQ

 

GOLDMAN'S BLANKFEIN: WOULD NEVER GIVE YOU UP

GOLDMAN'S BLANKFEIN: WOULD NEVER TELL A LIE AND HURT YOU

Tue, 04/20/2010 - 09:10 | 309140 Mae Kadoodie
Mae Kadoodie's picture

Fab Five Tourre told me everybody's fly..

Blankenfein spinning I said "My, My"

Ash is cash, ash is cool..


 

 


Tue, 04/20/2010 - 09:13 | 309142 TraderV
TraderV's picture

I believe the key difference is you won't find your own grandma for sale on Craigs list.

Tue, 04/20/2010 - 09:25 | 309149 BorisTheBlade
Tue, 04/20/2010 - 09:18 | 309143 doublethink
doublethink's picture

 

Bearing Asset Management has been short Goldman Sachs since December and they're staying short.

 

"We are in the very early stages of tearing down the greatest fraud ever perpetrated on the American people."

Read more: http://www.businessinsider.com/hedge-fund-manager-bill-laggner-why-were-still-short-goldman-2010-4#ixzz0le7EfkiR

 

 

Tue, 04/20/2010 - 09:19 | 309145 Dang
Dang's picture

Self Regulatory Organization = we make the rules, we fake enforce the rules, we break the rules! There might be a structural problem....

Tue, 04/20/2010 - 10:55 | 309256 bugs_
bugs_'s picture

GOLDMAN'S BLANKFEIN: WOULD NEVER CONDONE INAPPROP BEHAVIOR

unless you count all the times he sold drugs dressed as a nun!

Tue, 04/20/2010 - 12:32 | 309452 Hephasteus
Hephasteus's picture

LOL. Good heavy metal reference.

Tue, 04/20/2010 - 12:21 | 309430 BlackBeard
BlackBeard's picture

Well, if that's the case, those fuckers should deliver those tankers of oil they've been spec with and stop fucking with the cost of living of the people they "serve".

Tue, 04/20/2010 - 14:14 | 309639 TheGoodDoctor
TheGoodDoctor's picture

That's fucking rich. A glorified Craig's List. Douchebag of the year! I can't wait until he is the spokesman of e-Harmony for his new job. Or the cover of Time.

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