Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Front Page I think that this one needs a new thread.
"Indeed ‘brand’ –> confidence –> high risk of a bubble, if not ponzi-like situation." from the coment section of the link. The gig may be up for GS.
"His work is so detailed, so accurate, it’s among the best in the world,” says Eric Sprott, CEO of Sprott Asset Management, a Toronto firm that manages about $5 billion and subscribes to Mr. Middleton’s research" That is from the link.
The blogger ignores the fact that the TOTAL loss of the investors involved is about $100,000,000.. The amount of profit GS makes in 3 days. Oooh I bet GS is scared!! Really really scared!!
The Hudson Mezzanine 2006-1 CDO contained credit default swaps that referenced $2 billion in subprime, BBB-rated residential mortgage-backed securities, according to the documents released by Levin’s committee. While Goldman Sachs selected the assets in the deal, the firm was also the only investor buying credit protection on the entire transaction, the documents show.
Flaw.. GS didnt select the assets, GS held the buyer and sellers on the deal in a room where they took part in selecting the assets. GS always buys credit protection for the transaction, the fact that the others didnt, shows how stupid they were and how GS was right..
While Goldman Sachs was short on the Hudson Mezzanine CDO, meaning it stood to gain from a collapse because of the credit protection it had purchased, a marketing document for the deal released by Levin’s committee states that “Goldman Sachs has aligned incentives with the Hudson program.”
GS was ALSO long on the very same transaction.. But lets not discuss that fact, because that would show accuracy in the blog!!
Flaw.. GS didnt select the assets, GS held the buyer and sellers on the deal in a room where they took part in selecting the assets. GS always buys credit protection for the transaction, the fact that the others didnt, shows how stupid they were and how GS was right..
Q? AS I understand it a mortgage back security is a bunch of mortgages put in a blender and then resold. As I read it GS sold the securities that were created by the blending process to investers. The deal was so complicated that you couldn't really tell what you were buying. So how did GS sit the sellers (them selves) and the buyers down in a room?
AS I read it all the investers had to go on was GS's word and the rating on the bonds. Is this corect?
The blogger ignores the fact that the TOTAL loss of the investors involved is about $100,000,000.. The amount of profit GS makes in 3 days. Oooh I bet GS is scared!! Really really scared!!
On that one deal. Times how many deals? And what about punitive damages? And what about no investment company ever surviving fraud charges? GS may just be in a position to get scared. Really.
Reggie Middleton's BoomBustBlog! The Most Advanced, Objective Stock Market and Investment Research Available (http://boombustblog.com/reggie-middleton/2010/07/20/on-goldmans-latest-earnings-results/ - broken link) This one is for those GS fans out there.
Front Page GS is full of BS. They are chasing beta for their investors. What they are really good at is marketing. Selling you a load of (what was the name of this thread?).
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
