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Damn It Doesn't Feel Good To Be A Bankster... At Least Not At Goldman Sachs

Tyler Durden's picture




 

Who would have thought that doing away with your prop trading unit would have consequences? Surely not Goldman spokesman Lucas van Praag or anyone who read his response to Zero Hedge from December 2009 in which he made the argument that Goldman's prop trading unit is largely irrelevant to the firm. Alas, as the last quarter showed, it was. A lot. $2.5 billion worth. Net result: GS stock is now trading at imminent MBO levels, and more importantly, there is no joy in bankerville:

  • GOLDMAN NAMES SMALLEST CLASS OF MANAGING DIRECTORS SINCE 2008
  • GOLDMAN SACHS PROMOTES 261 EMPLOYEES TO MANAGING DIRECTOR

However as the video below proves, it still does, and always will, feel good to be a banker.

 

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Fri, 11/18/2011 - 13:16 | 1891614 sampo
sampo's picture

JUMP!

Fri, 11/18/2011 - 13:24 | 1891652 BaBaBouy
BaBaBouy's picture

Sacks Fucking Rules The World ...

Fri, 11/18/2011 - 13:27 | 1891659 SMG
SMG's picture

They should change their name to Satan Inc. or something like that.  It would be alot more accurate.

Fri, 11/18/2011 - 13:32 | 1891667 knukles
knukles's picture

van Pricg was right:  he is irrelevant to Goldman Sachs.

Fri, 11/18/2011 - 13:39 | 1891680 Freddie
Freddie's picture

The public should set up gallows outside of GS and just start hanging those MF'ers.

Fri, 11/18/2011 - 13:50 | 1891712 Spirit Of Truth
Spirit Of Truth's picture

It's all good....Jesus Christ is back: http://www.youtube.com/watch?v=Ybhm7p5aCLE

BTW, Max Keiser suggests the guillotine: http://www.youtube.com/watch?v=tOWsSRzSCmM

Fri, 11/18/2011 - 14:03 | 1891748 redpill
redpill's picture

He's an imposter, the real Jesus plays for the Broncos

http://www.youtube.com/watch?v=0rTPXoCpZSM

Fri, 11/18/2011 - 15:36 | 1892082 Spirit Of Truth
Spirit Of Truth's picture

Maybe there's a reason God torched the "Touchdown Jesus": http://www.youtube.com/watch?v=nI1Yu2IgQpY

Fri, 11/18/2011 - 13:51 | 1891715 hawks5999
hawks5999's picture

The public should have set up gallows outside MF and hung those sacks...

Fri, 11/18/2011 - 13:16 | 1891617 I think I need ...
I think I need to buy a gun's picture

lmao at the fast money guys right now

Fri, 11/18/2011 - 13:18 | 1891622 Bazinga
Bazinga's picture

It doesn't feel good to be a bankster but it feels damn good to watch the vampire squid get SQUEEZED!

Fri, 11/18/2011 - 14:54 | 1891880 topcallingtroll
topcallingtroll's picture

They have much worse coming to them.

The more radical OWS is donning suits and ties and getting service jobs to infiltrate Goldman, BOA, JPM, etc.

Not just on Wall Street, but Charlotte, Oakland, etc.

They appear to have some very awful things planned once they have access.

Sat, 11/19/2011 - 01:47 | 1893597 MarcusLCrassus
MarcusLCrassus's picture

I support this.  It wil be like Fight Club:

 

"The people you are after are the people you depend on. We cook your meals, we haul your trash, we connect your calls, we drive your ambulances. We guard you while you sleep. Do not... fuck with us. "

 

There's a lot more of us than there is of them.  That's why in the end we will win and the financial terrorists will be brought to justice. 

Fri, 11/18/2011 - 13:20 | 1891631 tunacan
tunacan's picture

The early August gap on GOLD:WTIC has closed. I think gold is ready to go from here.

http://stockcharts.com/h-sc/ui?s=$GOLD:$WTIC&p=D&b=5&g=0&id=p48790154954

Fri, 11/18/2011 - 13:21 | 1891634 Bazinga
Bazinga's picture

I just bought some earlier today :)

 

Fri, 11/18/2011 - 13:59 | 1891738 Majere
Majere's picture

Added more yesterday and have more waiting for me right now.  Giddie up!

Fri, 11/18/2011 - 14:25 | 1891641 Richard Chesler
Richard Chesler's picture

Managing Director.

AKA "made man".


Fri, 11/18/2011 - 13:23 | 1891645 Ralph Spoilsport
Ralph Spoilsport's picture

The "C" in Rap is silent.

Fri, 11/18/2011 - 13:24 | 1891650 fuu
fuu's picture

Great video really.

Fri, 11/18/2011 - 13:30 | 1891663 vegas
vegas's picture

Will MF Global class credits be allowed for graduating at Vampire Squid?

Are promotions based on a strict % of how much your calls have fucked customers, or is it on a curve?

i mean, before I apply and get a student loan I'd like to know.

 

http://vegasxau.blogspot.com

Fri, 11/18/2011 - 13:34 | 1891671 slewie the pi-rat
slewie the pi-rat's picture

we're all managing directors, now

Fri, 11/18/2011 - 13:35 | 1891674 rambler6421
rambler6421's picture

And how many people did Government Sachs fire?

 

libertarian86.blogspot.com

Fri, 11/18/2011 - 13:39 | 1891683 SunBlaster
SunBlaster's picture

You don't need a PROP DESK when you OWN a country that looks like a SHOE!

Fri, 11/18/2011 - 13:41 | 1891689 Johnny Yuma
Johnny Yuma's picture

The Oracle has spoken. The world's economy trails that which occurrs within the walls of the Vampires Squid's layer and it's orderlies. Look for mass chaos to now ensue. Lol!

Fri, 11/18/2011 - 13:47 | 1891700 Zola
Zola's picture

Pale imitation of the real videos :

Keynes Vs Hayek:

http://www.youtube.com/watch?v=d0nERTFo-Sk (1)

http://www.youtube.com/watch?v=GTQnarzmTOc&feature=relmfu (2)

Fri, 11/18/2011 - 13:47 | 1891701 Zer0henge
Zer0henge's picture

Putting that to rap music is such a disappointment.  Rap is so neanderthal.

Fri, 11/18/2011 - 14:48 | 1891853 Vergeltung
Vergeltung's picture

please don't insult the Neanderthals like that. they had high culture compared to the thuggish rap culture/music..

 

Fri, 11/18/2011 - 13:49 | 1891703 LawsofPhysics
LawsofPhysics's picture

Not a small enough class if you ask me, especially considering their compensation.  No matter, as faith in the system dies and the system crashes, then we get to find out precisely what the value of everyone's labor is.  Boring world indeed.

Fri, 11/18/2011 - 14:23 | 1891791 NumberNone
NumberNone's picture

What?? No hedge in place that would cause the US taxpayer to cover their lost revenue?  Come on Goldman, you're slipping! 

Fri, 11/18/2011 - 14:46 | 1891842 midgetrannyporn
midgetrannyporn's picture

Goldman clients are scumbags too.

Fri, 11/18/2011 - 14:46 | 1891843 topcallingtroll
topcallingtroll's picture

OWS has not gone away.

I would hate to be a Goldman employee right now, because they will always be wondering if someone put a little feces and urine in the food and beverages.

I know for a fact that OWS is not just hanging out in subway stations. Some of them have decided to stay for a while and getting restaurant jobs in Wall Street area restaurants.

But dont worry Goldmanites, JPM, and BOA. You cant catch AIDS that way, and Hepatitis A and B immunizations are readily available.

Fri, 11/18/2011 - 15:29 | 1892061 bill1102inf
bill1102inf's picture

OWS is like FIGHT CLUB......... 

Fri, 11/18/2011 - 15:30 | 1892062 HITMAN56
HITMAN56's picture

What would make the video complete is just before the end, when the bankers kicked the crap out of the consultants to have 3 Traders standing there in shirt and tie, sleeves rolled up, arms folded in complete silence and just stare at the bankers and watch them run like the little girls that they all are.

Fri, 11/18/2011 - 15:52 | 1892139 buckethead
buckethead's picture

I'm thinking GS has a standing army at the ready.

Prop desk indeed.

Fri, 11/18/2011 - 15:53 | 1892147 Ura Bonehead
Ura Bonehead's picture

Well, that was disturbing.

Fri, 11/18/2011 - 17:45 | 1892630 Orange Pekoe
Orange Pekoe's picture

Apparently bankers pick any number out of the universe, call it money and sell it. What a racket.

Fri, 11/18/2011 - 23:15 | 1893382 nathan1234
nathan1234's picture

Will someone provide a list of the Goldman Sachs Board and it's Managing Directors

The public have the right to know the men behind this criminal enterprise.

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