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.
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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.
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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.
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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.
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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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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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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.
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