interview Question - What strategy should IBs take?
what strategy should IBs take, in term of facing sub-prime mess?
what's your opinion?
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Short the thing in it's own portfolio (goldman)
"Goldman's record financial out-turn came on the back of some stunning one-way bets against the sub-prime mortgage sector, which has had a disastrous 12 month period as US homeowners struggle to cope with resetting interest rates."
http://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=&xml=/mon…
Does anyone have an article that shows how GS bet against the sub-prime mortgage sector?
uhhh i posted one above this
Blade1988, try the GS website and look at its most recent earnings report. If you have the capability, then look for a transcript of the quarterly conference call. In those documents, the firm will tell you exactly how they succeeded.
Moral of the story is that one shouldn't be smoking the same shit they are selling.
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