afanley | Shared With: Everyone - Jul 04 2009 | goldman sachs, market crash, great depression, asset prices, market bubble, investment bank, new article, 1920s, bets, money
Investment bank Goldman Sachs had a crucial role to play in every market bubble and crash since the Great Depression, says a new article. Goldman not only made money when asset prices were going up -- by hedging their bets, they made money on the way down, too.
- afanley | Shared With: Everyone - Jul 04 2009 | goldman sachs, economic bubble, speculative bubble, ordinary citizens, playbook, bust, crap, investments
They use the same playbook over and over again: Goldman positions itself in the middle of a speculative bubble, selling investments they know are crap. When it all goes bust, leaving millions of ordinary citizens broke and starving, they begin the entire process over again.
- afanley | Shared With: Everyone - May 09 2009 | goldman sachs group, sachs group inc, goldman sachs group inc, goldman sachs, stephen friedman, federal reserve bank, fed board, s board, board chairman, new york federal reserve, federal reserve, board of directors, ties
Stephen Friedman, Chairman of the New York Federal Reserve Banks board of directors and a current member of Goldman Sachs Group Inc.s board of directors, purchased Goldman shares in December and January.
- afanley | Shared With: Everyone - Apr 15 2009 | goldman sachs, last autumn, credit crisis, federal loans, optimistic predictions, quarter earnings, u s bank, bailout, investment bank, stock
The investment bank delivered first-quarter earnings that sailed past even the most optimistic predictions and plans to raise $5 billion in stock to help pay back government bailout funds. It would become the first big U.S. bank to repay federal loans extended last autumn at the height of the credit crisis.
- afanley | Shared With: Everyone - Mar 07 2009 | goldman sachs, economy
As it was in the beginning, so shall it be in the end: Goldman Sachs will be there....
- afanley | Shared With: Everyone - Nov 03 2008 | goldman sachs, bailout
You aren't going to read about this in the US press, they are too busy lying about everything they report. We have to read about it in a British newspaper.
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