For once, we agree with the insiders at Goldman Sachs. The company’s stock is a “Sell.” Okay, so the insiders didn’t exactly say their stock is a “sell,” but they didn’t need to. Their feet did all the talking. Nine Goldman insiders scurried away from their stock as fast as the law would let them.
February 7th, 2012 | Eric J. Fry | 1 comment | ContinuedAll Posts Tagged With: "goldman sachs"
Goldman Sachs is Probably Not a “Buy”
Matt Taibbi — like many other cynical financial market observers — has learned to regard every pronouncement from Goldman Sachs with suspicion. Recent experience has demonstrated that “tame” and “harmless” are attributes that rarely operate within the Goldman Sachs business model.
February 6th, 2012 | Eric J. Fry | 0 comments | Continued
How a Deficit in Capitalism Helped Engender the Financial Crisis
Instead of allowing capitalism to fix the problem, the feds made it worse. They gave more money to the very institutions and managers who had proved they couldn’t be trusted with it.
We don’t want to rehearse the whole sequence of events that got us to where we are. But it’s important to understand what happened.
The Disturbing Facts About Paulson, Fannie, Freddie and Friends
Here are the insiders at work…the people the central bankers are trying to help. Bloomberg has the story, from Richard Teitelbaum about a one Henry Paulson and his involvement with Fannie Mae, Freddie Mac …and friends.
December 2nd, 2011 | Bill Bonner | 0 comments | Continued
Insider Economy
As the economy is taken over by zombies, more and more people are needed to do the zombies work shifting more and more of the economy’s output to the insiders.
The insiders rig the system for their own benefit. The rigs each one of them a form of price-fixing or central planning weaken the system. In today’s battle, the insiders fight to protect it.
November 24th, 2011 | Bill Bonner | 1 comment | Continued
Goldman Sachs Facts
A cynic would point out that both the new Greek and Italian leaders are Goldman Sachs insiders. As is the new European Central Bank president, Mario Draghi.
But why does Goldman Sachs’ influence matter?
November 19th, 2011 | Nickolai Hubble | 0 comments | Continued
Trading Inside With the Feds
Since the beginning of time, the insiders have always had an advantage. That’s why people want to be insiders; they know that’s where the money is.
In actual fact there’s a very special form of ‘inside trading’ going on where the feds and the insiders work together.
November 17th, 2011 | Bill Bonner | 0 comments | Continued
Poor Ol’ Goldman
Poor Ol’ Goldman … Just trying to do ‘God’s work’ … And everybody treats it like the devil.
April 27th, 2010 | Bill Bonner | 6 comments | Continued
Germans Are Reluctant To Give Greeks A Financial Weapon
Wednesday, April 21st saw Reuters publish not one, not two, but six articles on the Greek debt mess.
Basically, they discussed what could be an amusing procedural hiccup for the planned Greek bailout.
The Goldman Sachs Phenomenon
Now that the American financial sector is safe and unsound once again, has the threat of serious economic crisis genuinely passed? And has the structure of American capitalism actually improved? Or did the Fed merely dress a sow in lingerie and call her a raving beauty?
April 20th, 2010 | Eric J. Fry | 2 comments | Continued
America Hates Goldman Sachs
As the entire investing world knows by now, Goldman Sachs is the latest cockroach to scuttle under the spotlight. Last Friday, the Securities and Exchange Commission accused Goldman of defrauding investors out of $1 billion. The details of the SEC’s complaint allege that Goldman failed to disclose “vital information” about a mortgage-back security called Abacus.
April 20th, 2010 | Eric J. Fry | 1 comment | Continued
Paying the ‘China Price’ and Back to Basel … Again
It’s true that we’re not breaking any new ground in showing that Chinese steel production is unsustainable. But the more interesting question is why China has chosen this path. Is it to achieve the build out of national infrastructure, a process which …
April 20th, 2010 | Dan Denning | 6 comments | Continued
Goldman vs Congress
Markets all over the world reacted with red to Friday’s news that the U.S. Securities and Exchange Commission (SEC) had lowered the boom on Goldman Sachs. The SEC has technically accused Goldman of fraud. It alleges that Goldman helped create a collateralised debt obligation (CDO) made up of subprime mortgages.
April 19th, 2010 | Dan Denning | 14 comments | Continued
Cold Day in Hell When Americans are Not Willing to Spend
The Baby Boomers were flying high during the wonder years. They looked forward to higher house prices and rising stock prices. But now, after having suffered an $11 trillion loss in stocks and real estate…
April 12th, 2010 | Bill Bonner | 2 comments | Continued
Goldman Stole the Money Fair and Square
But Goldman Sachs is as cool as a cucumber. Goldman released its annual report earlier this week. The firm said it hadn’t done anything wrong.
April 9th, 2010 | Bill Bonner | 2 comments | Continued
