Clipmarks | Goldman sachs Clips

TAKING THE BULLS HORNS & THEN MAKING IT PAY THREW THE TAIL !

Fri, 22 Aug 2008 09:12:46 GMT

clipped by: jt3600
clipper's remarks: COLD BUSTED ! when it come to bull I definitely spot it ,plus throw enough of it around ! Good brown eye catch Mr. Cuomo, We should all chip in and give him a free pass to have a hooker come up & stay awhile,in my case he's going to have to use one of those $20.00 "HO's" !

Clip Source: news.bbc.co.uk

More banks settle securities case

Merrill Lynch, Goldman Sachs and Deutsche Bank are the latest banks to reach a settlement with US regulators over the sale of risky securities.

The banks have agreed to buy back billions of dollars in auction-rate securities and pay fines, after allegations that they misled investors.

Under the latest deal with Mr Cuomo, Merrill Lynch said it would repurchase up to $12bn in auction rate securities as well as pay the $125m fine.

Deutsche Bank meanwhile has a $15m fine to pay and must buy back some $1bn of the investments.

Earlier this year, Citigroup and Swiss banking giant UBS reached a settlement to buy back $26bn of the securities.

Goldman Sachs has a $22.5m fine and has agreed to buy back $1.5bn in securities.

Goldman Cuts View On 5 Top U.S. Investment Banks

Wed, 20 Aug 2008 14:49:24 GMT

clipped by: Forbes Markets
clipper's remarks: Tanona recommends a trade in which investors buy Morgan Stanley shares and sell Citigroup shares short. He says Morgan Stanley is one of the brokers best positioned for a market turnaround, while Citigroup will remain heavily exposed to mortgages and consumer credit issues.

Clip Source: www.reuters.com

Goldman Sachs & Co slashed its earnings outlooks for five major rivals on Tuesday, citing mounting write-downs on mortgages, a slowdown in overall activity, and legal expenses.

Analysts led by William Tanona reduced third-quarter and full-year forecasts for Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz), JPMorgan Chase & Co (JPM.N: Quote, Profile, Research, Stock Buzz), Lehman Brothers Holdings Inc (LEH.N: Quote, Profile, Research, Stock Buzz), Merrill Lynch & Co (MER.N: Quote, Profile, Research, Stock Buzz) and Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz).

Tags: goldman sachs, investment banking, u.s. equities

Surge for the Dollar Despite Global Fears

Sun, 17 Aug 2008 02:23:22 GMT

clipped by: merrie
clipper's remarks: The dollar surged to a two-year high against the pound and a six-month peak against the euro on Friday, as fears about spreading economic gloom triggered a sell-off in commodities.

Against sterling, the US currency notched up its 11th consecutive day of gains – its longest uninterrupted rise in more than 35 years – as markets became increasingly convinced that the US was best-placed to weather the global downturn.

The Reuters-Jefferies CRB index, a benchmark for commodities, fell more than 2.5 per cent to its lowest level since late March. The index has fallen almost 20 per cent since an all-time high in July, but is still 22 per cent higher than a year ago.

Clip Source: www.ft.com

The dollar surged to a two-year high against the pound and a six-month peak against the euro on Friday, as fears about spreading economic gloom triggered a sell-off in commodities.

Against sterling, the US currency notched up its 11th consecutive day of gains – its longest uninterrupted rise in more than 35 years – as markets became increasingly convinced that the US was best-placed to weather the global downturn.

Prices for crude oil, platinum, copper, aluminium, corn and soyabeans have also retreated from records hit this year, prompting speculation that commodity prices have reached a turning point.

“The golden age when commodity prices could only go up is gone,” said Marco Annunziata, chief economist at Unicredit.

Analysts were divided on the outlook for commodities. Lehman Brothers believed oil prices had peaked, while Goldman Sachs repeated its forecast that they would hit $149 by the end of the year.

Tags: dollar, commodity prices, lehman brothers, goldman sachs, crb index

Top Contributors to Barack Obama

Sat, 02 Aug 2008 19:42:41 GMT

clipped by: TJColatrella
clipper's remarks: Goldman Sachs and Morgan Stanley are the biggest players in the Oil Futures market price manipulation also notice UBS of Germany who started the Sub Prime crisis...

Oh yeah Real Change we can believe in you betchya..!

Clip Source: www.opensecrets.org

Goldman Sachs	$627,730
University of California	$523,120
JPMorgan Chase & Co	$398,021
Citigroup Inc	$393,899
UBS AG	$378,400
Google Inc	$373,212
Harvard University	$369,802
Lehman Brothers	$353,922
National Amusements Inc	$352,603
Moveon.org	$347,463
Sidley Austin LLP	$326,845
Skadden, Arps et al	$304,050
Time Warner	$298,972
Morgan Stanley	$291,388
Microsoft Corp	$276,925
Jones Day	$266,705
Latham & Watkins	$252,845
University of Chicago	$250,685
Wilmerhale Llp	$249,282
Exelon Corp	$239,061

Tags: obama, gas prices, goldman sachs, morgan stanley, oil prices, sub prime mortgages, presidential elections, democrats, republicans, futures market

Two Alternative Energy Companies Brave Anti-IPO Winds

Sat, 02 Aug 2008 02:53:37 GMT

clipped by: CohoctonWindWatch

Clip Source: www.xconomy.com

First there’s First Wind, the Newton, MA, company formerly known as UPC Wind, which filed S-1 registration papers indicating it hopes to raise $450 million in an offering underwritten by Credit Suisse, Goldman Sachs, and JPMorgan. The 130-employee company, which we profiled in January in relation to a wind project in northern Maine, has wind farms operating or in development in six states and one Canadian province. First Wind said it will apply to be listed on the NASDAQ exchange under the symbol “WNDY.”

Tags: wind ipo, first wind, upc wind, wind turbines

Paulson Was Against Cumbersome Regulations

Sun, 27 Jul 2008 13:16:33 GMT

clipped by: thinkingblue
clipper's remarks: Now he's trying to defuse the crisis deregulation has caused...
(excerpt) Today, (Paulson's) Goldman stands alone as the only bank that has yet to take huge write-downs in the credit crisis. However, IT was an INTEGRAL PART OF A MONEY-HUNGRY WALL ST. CULTURE that helped build, oil and maintain the securitization and SPIN-OFFS, underlying the current mortgage-fueled problems.

The financial crisis has swirled around the White House in more violent waves. But each sign of economic trouble brought assurances from regulators, Mr. Paulson and others in the Bush adm. that the housing sector was experiencing a “CORRECTION” or a “REPRICING OF RISK” (ROVE-NEWSPEAK) that would work its way through the system without throwing the economy into a steep downturn. Each assurance soon ran aground as more bad economic news poured in.
(MOTHER OF ALL SELF-RIGHTEOUS QUOTES) "the real problem facing Wall Street was a welter of cumbersome regulations" - Henry Paulson (Yew recon HE LEARNED SOMEthang)

Clip Source: www.gainesville.com

Can Hank Paulson Defuse This Crisis?

IF Henry M. Paulson Jr. hadn’t left Wall Street for Washington to become Treasury secretary in 2006, he would still be making tens of millions of dollars a year as the chairman of Goldman Sachs. He would be comfortably zipping around the globe on a corporate jet.

He wouldn’t be at the center of the Bush administration’s struggle to contain a potential financial meltdown the likes of which the world hasn’t seen since the Great Depression.

Whether Mr. Paulson has actually done the right things during his two uneven years in office has been a matter of intense debate in financial and political circles

debate reached a boiling point last week as Congress moved toward approval of a taxpayer-financed rescue package that Mr. Paulson advocated for Fannie Mae and Freddie Mac

Yet he’s also been roundly criticized as having not grasped the threat and severity of the crisis when it began to snowball about 18 months ago.

Critics on the right

accuse

Paulson

of panicking

Tags: credit, paulson, economy, politics

Jpn hedge funds in S'pore

Wed, 23 Jul 2008 06:21:23 GMT

clipped by: yhgian

Clip Source: www.hedgefundsclub.com

Yoichiro Imai has launched a Japan-focused activist
fund management firm called Effissimo Capital
Management. Imai-san was previously a portfolio

manager at MAC Asset Management.

16 Jan 2007
AIMA Singapore will host a dinner on January 25th to
welcome Japanese hedge fund managers operating in
Singapore. The guest speaker is Hiroshi Ikeuchi
(founder of Halberdier) and the evening’s master of
ceremonies is Stan Howard (Teneo Partners) who

recently relocated from Tokyo to Singapore.

Shigeka Koda (ex-Goldman Sachs Asset Management)
has teamed up with Kahori Ando (ex-Sparx Asset
Management) to launch a new Singapore-based Japan
equity long/short hedge fund manager called Four

Seasons Asia Investment.

Uncomfortable Answers to Questions on the Economy

Sun, 20 Jul 2008 17:01:55 GMT

clipped by: hitchhiker08
clipper's remarks: All you wanted to know but were afraid to ask/face?

Clip Source: www.nytimes.com

Uncomfortable Answers to Questions on the Economy

By PETER S. GOODMAN

You have heard that Fannie and Freddie, their gentle names notwithstanding, may cripple the financial system without a large infusion of taxpayer money.

Something has clearly gone wrong with the economy. But how bad are things, really?

Job losses will probably accelerate through this year and into 2009, and the job market will probably stay weak even longer. Home prices will probably keep falling, shrinking household wealth and eroding spending power.

Is this a recession?

How bad is housing?

Clip Source: www.nytimes.com

Multimedia

Graphic

A Slowdown With Trouble at Every Turn

Graphic

How Bad Could Things Get?

When will banks revive?

Is my job safe?

Clip Source: www.nytimes.com

The first signs of distress emerged in housing. Construction companies, real estate agencies, mortgage brokers and banks began laying people off.

Are consumers done?

“Credit is going to remain tight for a time potentially measured in years,” said Mr. Tilton, the Goldman Sachs economist.

Who’s to blame?

Tags: economy, recession, usa, inflation, housing, credit cards, mortgage, spending, debt, banking

Wallstreet loves Obama

Sun, 20 Jul 2008 01:30:44 GMT

clipped by: Kelika

Clip Source: blogs.bnet.com

Wall Street is coming on strong for Barack Obama in this year’s presidential campaign donation race. Big investment firms such as Goldman Sachs and J.P. Morgan favor Obama over John McCain by margins of roughly four or five to one.

So states a recent report by Chief Executive magazine which examined campaign contribution reports surveyed by the Center for Responsive Politics in Washington.

Overall, Goldman Sachs has favored Democrats this time by 71 percent and J.P. Morgan by 66 pecent. Citigroup likes the Donkey Clan by 63 percent. Goldman, for instance has given Obama’s campaign $605,980 compared to $146,520 for McCain. UBS donated $370,130 to Obama compared to a mere $89,265 for McCain.

As might be expected, Big Oil favors the GOP with 72 percent of its donations compared to only 28 percent for Democrats. No big whoop there considering that both President George Bush and Vice President Dick Cheney have very tight ties to the oil patch.

The Goldman Sachs Foundation

Tue, 15 Jul 2008 04:59:55 GMT

clipped by: proselitigant
clipper's remarks: THE GOLDMAN SACHS FOUNDATION
(formerly Goldman Sachs Fund)
85 Broad St., 22nd Fl.
New York, NY 10004-2434
Telephone: (212) 902-5402
Contact: Eileen M. Scott, Treas. and C.F.O.
Fax: (212) 888-9482
URL: www.gs.com/foundation

Clip Source: www2.goldmansachs.com

The Goldman Sachs Foundation was funded in 1999 with a $200 million donation from The Goldman Sachs Group, Inc. The Foundation’s mission is to promote excellence and innovation in education worldwide. The Foundation is an important extension of the tradition of philanthropy and public leadership at Goldman Sachs. Grants have been awarded in excess of $114 million since its inception, providing opportunities for young people in more than 20 countries.

Solar Desert Land Grab

Tue, 15 Jul 2008 03:53:17 GMT

clipped by: Naomi-K
clipper's remarks: A very interesting use for otherwise less valuable desert land.

Clip Source: money.cnn.com

That's putting it mildly. A solar land rush is rolling across the desert Southwest. Goldman Sachs, utilities PG&E and FPL, Silicon Valley startups, Israeli and German solar firms, Chevron, speculators - all are scrambling to lock up hundreds of thousands of acres of long-worthless land now coveted as sites for solar power plants.

It's not just a federal-land grab either. Buyers are also vying for private property. Some are paying upwards of $10,000 an acre for desert dirt that a few years ago would have sold for $500.

No doubt the prospect of potential riches is overheating expectations. But California and surrounding states have mandated massive increases in renewable energy in the next few years. That has led some experts at Emerging Energy Research of Cambridge, Mass., to predict that Big Solar could be a $45 billion market by 2020.

Uh-oh: Luxury Industry Finally Affected By Downturn

Fri, 11 Jul 2008 15:10:42 GMT

clipped by: Lauren Sherman
clipper's remarks: The inevitable happened on Thursday, when shares of PPR and Burberry fell as top analysts lowered profit estimates.

Clip Source: www.wwd.com

Shares of PPR, Burberry and other high-end players fell Thursday as Deutsche Bank and Goldman Sachs lowered profit estimates and ratings.

In a report, Deutsche Bank analyst Jamie Isenwater forecast "a continued slowdown in global luxury demand in 2009," pegging organic growth for next year at 6 percent versus 7.1 percent for 2008, and cutting 2009 earnings-per-share forecasts by 8 percent on average.

"While there are obvious attractions to the sector...visibility remains low and consensus forecasts too high," he wrote. "The industry faces considerable risks over the next years."

Tags: luxury, ppr, burberry, goldman sachs, deutsche bank

CDOs Rise From The Dead

Tue, 08 Jul 2008 14:14:39 GMT

clipped by: Tina Russo
clipper's remarks: These reinvented CDOs are supposed to be less risky...we'll see. Fool me once, shame on you. Fool me twice, shame on me.

Clip Source: www.bloomberg.com

Collateralized debt obligations that helped drive banks to $400 billion of writedowns and credit losses are finding buyers under a different name: Re-Remics.

JPMorgan Chase & Co. and at least six other firms are repackaging unwanted mortgage bonds as sales of CDOs composed of asset-backed securities fall to less than $1 billion this year from $227 billion in 2007 because of the global credit crunch. Re-Remics contain parts that are structured to guard against higher losses on underlying loans than most CDOs, allowing holders to sell or retain other sections at lower prices that can translate to potential yields of more than 20 percent.

Tags: cdos, re-remics, collateralized debt obligations, goldman sachs, jpmorgan chase, mortgage bonds, credit crunch

Tip: Care for Chemistry Before People

Mon, 07 Jul 2008 22:04:30 GMT

clipped by: biggins

Clip Source: www.behancemag.com

Tip: Care for Chemistry Before People

Legendary companies like Google and Goldman Sachs are famous for saying that success is all about people. Gathering great talent, it seems, is a sure bet for tremendous breakthroughs. Entire industries have sprung up to help managers find and hire top talent (think head-hunters!). And many leaders claim that all they think about is finding great people - “nothing,” they claim, “is more important than hiring a great team.”

Tags: creative, teams, work, collab

Citigroup Faces $8.9B Writeoff, Capital Need: Goldman

Thu, 26 Jun 2008 12:30:02 GMT

clipped by: Forbes Markets
clipper's remarks: Ouch!

Clip Source: www.reuters.com

Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz) may suffer $8.9 billion of second-quarter write-downs, forcing it perhaps to cut its dividend again, while Merrill Lynch & Co (MER.N: Quote, Profile, Research, Stock Buzz) may incur $4.2 billion of write-downs, Goldman Sachs & Co analyst William Tanona wrote on Thursday.

The analyst also added Citigroup to Goldman's "Americas conviction sell" list. He said the largest U.S. bank's 32 cents-per-share quarterly dividend is "not safe," and that the bank may have to issue common stock or sell assets to raise capital because regulators may forbid it from issuing more preferred or convertible securities.

Tags: citigroup, banking, u.s.equities