Goldman Sachs

Making Money after the Bailout

Love it or hate it, the $810 billion, pork-laden bailout is now a fact. After all the preaching and political maneuvering, the market reacted to its passage on Friday with a yawn, followed by a sharp drop. But one thing I do know about the bailout is this. The government won’t be spending a trillion dollars without some companies making huge bucks.

An Excellent Time To Pick Up The Broken Pieces

For some time now, weekends spell a period of trepidation for investors as the Pandora’s box is opened. Bizarre announcements of historical takeovers, bankruptcies and government interventions left investors grabbing for straws in a cesspool when trading resumed on Mondays.

Warren Buffet Buying Goldman Sachs Stake

Goldman Sachs is getting a $5 billion investment from Warren Buffet's Berkshire Hathaway.

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The Markets are Screwed! Panic

For Christmas tax payers will receive a bill for $700 billion.

Stock Symbol: MS MORGAN STANLEY Stock Price: $9.68 Todays Change: -2.77 (-22.25%)

China’s Fuel Subsidy Cut May Have the Opposite Effect to What Everyone Thinks

The Chinese economy is different to ours — and an increase in price could actually BOOST oil consumption.

Morgan Stanley Profit Drops 57% on Debt Losses

 

Morgan Stanley's earnings dropped 57 percent in the second quarter as revenue from asset management and investment banking declined while equities and fixed-income traders generated less profit.

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Stock Symbol: MS MORGAN STANLEY Stock Price: $9.68 Todays Change: -2.77 (-22.25%)

Goldman Sachs Files $350M Blank-Check IPO

Goldman Sachs just filed for a $350 million blank-check IPO which promises to change the rules of the SPAC game via a company called Liberty Lane Acquisition Corp.

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Stock Symbol: GS GOLDMAN SACHS GRP Stock Price: $88.80 Todays Change: -12.55 (-12.38%)

Goldman Sachs hit with fresh legal action relating to sub-prime fallout

 

The legal fallout from the sub-prime mortgage crisis in the United States continued yesterday as Goldman Sachs conceded for the first time that it was the target of legal action and law firms prepared a fresh round of lawsuits, this time focusing on mortgage bond insurers such as MBIA and Ambac.