Goldman Sachs

From the Wall Street Journal.

NEW YORK -- Wall Street firm Goldman Sachs Group Inc. said Friday that it will issue debt backed by the Federal Deposit Insurance Corp. under the new Temporary Liquidity Guarantee Program, or TLGP.

Market participants will watch the Goldman sale closely since it could be the first bank to sell debt under the FDIC program. It therefore could represent a benchmark for pricing this newly created asset class.

"Goldman Sachs intends to issue debt securities under the recently approved temporary liquidity guarantee program pending confirmation from the ratings agencies," said spokesman Michael Duvally.

Oh, major burn here for first year Goldman people. Last week GS let go 3,000 employees, but now it's 'say hello to the back office' for first years.

http://clusterstock.alleyinsider.com/2008/11/goldman-sachs-gs-moving-the...

Can anyone confirm this? If it happened to you would you take your chances and defect or stick around?

Goldman Sachs considered the shining star of investment banks is faltering bad.

-Forgoes bonuses for top executives
-Analyst are predicting first quarterly loss since going public
-A stock that now trades at $53 which erases more than 10 years of gain

Is this the beginning to end of Goldman Sachs and Investment banking as we know it? Can someone shed some light on this. Goldman faltering this bad disrupts the order of the universe.

What a shitty investment for Warren Buffet. My rationale for Warrens decision was not becuase Goldman was a good buy at the time but was only to in still confidence in the market. It was simply to prevent his other holdings from falling in share price in the event Goldman was not able to rasie capital.

Hello,

Anyone apply to the GS event on 12/1 "Banking on your Future" in NYC? It's an all day Diversity event for non-targets.

-John

Things aren't very pleasant for anyone these days. Even financial golden boy, Goldman Sachs, announced some significant firings yesterday. In particular, the 13 notable analysts who were given the axe. All part of the 10% (~3200) employee reduction at the firm. Two of the big names given the "ole shocker"--one in the stink, one in the 'pink slip'-- were financial services analyst William Tanona and newspaper analyst Peter Appert.

I'm an undergrad junior econ student. I have an interview coming up at Goldman Sachs for the Management Controls division. I have to go on Wednesday night for an "information session" at the Ricker Auditorium and then a half hour interview on Thursday. What is the information session? Is that just like a presentation about the firm? Also, what kind of half-hour interview can I expect? What should I know about risk and auditing? Thanks for your input.

Goldman Sachs turning into Goldman Sacks. Are you sure you dontmean goldmen and sex