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Major Slowdown on Wall Street
Yesterday's New York Times ran a piece on the Wall Street slowdown that is getting a lot of attention. The less than rosy picture painted by the article addressed the elephant in the room for many investment banks - deal flow has dropped off significantly and the death of prop trading is going to...
'Occupy' Protesters to Goldman Sachs: "Give us money!"
Reuters: The protests were quickly dispersed by police and security was restored to the elegant building, though red graffiti was daubed on its walls expressing anger at Italy's Prime Minister Silvio Berlusconi and proclaiming "Give us money." http://www.reuters.com/article/2011/10/14/us-ital…
Using alumni connections advice...Should I?
Hello all, I am freshman at a non-target in the Midwest and I have secured a internship at a VC in SF this summer, also I am in our undergraduate finance association, and in Student consulting for non-profits program where they picked 14 out of 80 students to do pro-bono consulting (my first project...
Goldman Sachs
Goldman Sachs provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial...
The Fall of Gekko's Children
“ Give me guys that are poor, smart, and hungry and no feelings. ” – Gordon Gekko Since the dawn of man, rules had been set to measure one’s worth; in the prehistoric era it was one’s strength that dictated whether he was to be a badass hunter or a wussy gatherer, in the Renaissance times,...
Have you ever thought about fucking up a pitch on purpose
Hey, Anyone ever wanted to just mess up a pitch on purpose. Just throw a huge penis on a slide and stick it in the exec summary?
Soros Says the U.S. is Already in a Recession - Defining Balance Sheet Recessions
Soros recently asserted that Europe could be more dangerous to the global financial markets than the default of Lehman Brothers in 2008, because of the political stubbornness of European policy makers. He has been saying this for over two years now, while government officials continue to ignore him,...
Nuke'em Lloyd
I wasn’t really a big fan of GS but I think they just created what would likely be the most awesome desk in trading history. Someone give Blankfein a white Persian cat. According to the New York Post , Goldman Sachs is about to go nuclear and will be adding uranium to its commodities group.
China is Interested in Biofuels - Why Not the West?
China, arguably the world’s most influential and dynamic economy, is beginning to eye renewable as a partial solution to its voracious and growing energy needs. If Beijing determines that biofuels represent the future, expect to see the current modest western investment field to change...
GS Dubai & Hong Kong Languages?
I am considering for IBD in Dubai and Hong Kong for my GS off-cycle internship as IBD isnt available in London or NY . Would I need a second language other than english to apply to these offices? I have emailed GS but am yet to get a reply.
Hedge Funds profit from Volcker
As the populist bore that is financial regulation continues to trudge along, we have early results of predictions most of us made months ago. As proprietary trading by the major investment banks winds down, hedge funds are set to pounce on the available glut of trading talent. In fact, the same...
New York Fed Getting Out of the Junk Business
One of the greatest economic Rope-A-Dope schemes of all time might be coming to an end. The New York Fed is about to force Goldman Sachs , UBS , Bank of America and others to buy back the nuclear waste the banks foisted on the Fed under the guise of "collateral". The bulk of the garbage was unloaded...
Goldman Sachs #2 Overall, Citi Is a Boiler Room, and SocGen Is the Pits
This might come as a shock to some of you, but the people who work at Goldman Sachs are pretty happy about it. Glassdoor.com released an industry-wide report card on Friday, and not only did Goldman Sachs rank #2 in overall employee satisfaction (behind Susquehanna International Group), but CEO...
Like a Gold Neighbor
A whipping boy, was a youngster assigned to a crown prince and punished when the prince misbehaved or fell behind in his schooling. Naturally, the issue of the prince's incompetence was never addressed or solved. As long as the whipping boy's back was bloody enough, all was well in the idiot realm....
Alice in Morgan Land
Just about every single time a current or former employee of a company alludes to its stock price being "too low" I hit the mute button. With so much personal interest involved it is very hard to tell when people are giving an honest valuation of their home town team. This was especially the case...
SEC Under Investigation in Goldman Sachs Case
The SEC is under investigation by their own Inspector General, H. David Kotz, to determine whether the timing of the filing of the fraud case against Goldman Sachs , it's subsequent announcement, and/or the case's recent settlement were in any way motivated politically or by agency leaks to the New...
Fabfellas
It is a strange new feeling for me to empathize with a Frenchman. Being a history buff I can never extricate the image of their post-Napoleonic softness from my mind. For centuries now I have they have hidden behind whatever military skirt they could find. All the while puffing cigs and reeking of...
Goldman settles With SEC for $550mm
So it seems that Goldman is going to pay the civil suit that the SEC brought against it for a sum of $300mm and compensate investors who invested in those CDOs a further $250mm. Am I the only one who see the compete idiocy of this? They could have done this before it came to light and instead...
Goldman Sachs and the Call Girl Principle
There is a philosophy in negotiation strategy known as the Call Girl Principle and it basically posits that the value of a given service is greatly diminished once that service has been rendered. It is named the Call Girl Principle in honor of those women of commercial virtue who always demand the...
GS Accelerated Interview Invitations
I received an invitation for an accelerated interview at Goldman Sachs. Does anybody from previous years have any insights into the process? The email says that second round interviews in New York City are going to be held next week. I tried searching and nothing relevant came to the surface beyond...
Would you sign a pre-nup?
Its really a toss up for me. It sounds reasonable, but i'm fairly certain most women are offended by the idea. If she asked me to sign a pre-nup, it would trigger my wtf meter. Ari Gold on pre-nups: Ari: Have you ever heard of a fucking prenup? Terrence: Oh, you have one? Ari: I’d kill my wife...
Interview-GS Specialty Lending Group
I was wondering if anyone on here has any experience with this particular group? Anyone who has interviewed with them, previously worked with them, knows someone who works there, or is currently working there, any information you can provide would be great. If anyone on here currently works with...
Gary D...a young Tony Soprano
If the fish really does rot from the head, then the Feds are finely fileting Goldman, one sack at a time. After months of dragging Lloyd Blankfein through the mud and making him dance through subsidized hula hoops, they look to a new whipping boy this week. Gary Cohn is Lloyd's #2 and intensely...
Kraft spilts with GS and centerview partners and Evercore
This is a good deal for Goldman Sachs and Centerview Partners . http://blogs.wsj.com/deals/2011/08/04/kraft-break…
Fall of the Titan
“He that dies pays all debts” If I had to summarize the fall of the United States in over a thousand words it would be in a picture much like the one below. The thing that certainly sticks out for me like a red thumb, and I'm sure for you as well, in the picture above is the "Obama Tripled...
LOLWTF - Racy Commercial for Financial News Website
lolwut: Mod Note: NSFW someone just posted this on facebook lmfao. i think i asked about that site a while back on WSO and if anyone else used it or if there were better alternatives. apparently they're running their own ads now LOL. no comment. shes hot as fuck though.
GS to Settle for $5 BILLION?
I've got nothing concrete on this, but there's a rumor Goldman is willing to cough up $5 BILLION to make the fraud case go away. That's right, kids, NINE FUCKING ZEROES. That is unbelievable. I saw it at the bottom of the Daily Short Report and I'm wondering if it's even possible. Anyone have...
Is Lloyd Blankfein Finally Toast?
It's not easy being Lloyd Blankfein these days. I have to believe he was one of the only people on the planet to feel relief when the Deepwater Horizon exploded. With news of Goldman Sachs seeking a back-channel settlement with the SEC, a recent FCIC subpoena accusing Goldman of stonewalling, and...
Goldman to Settle for 9-Figures?
From Barry Ritholtz's blog: http://www.ritholtz.com/blog/2010/05/gs-seeks-to-… Forget the settlement, I want to know this: Who was the dipshit lawyer that advised Goldman Sachs to fight this tooth and nail? Was it some executive who simply charged ahead, Dick Fuld style? I’d like to know who...
What are my chances of landing a full-time position as an i-banking analyst or quant trader or trader with only 1 internship??
Hi, I will be a senior in college in the fall at a target school. I am a econ major with a double major in either applied math or statistics. I have a GPA that is above 3.9. My only finance experience will be one with Morgan Stanley Smith Barney , a retail brokerage. After I graduate, I will have...
Would You Swear an Ethics Oath?
Have you guys seen this? About a third of graduating Harvard MBA students are swearing a business ethics oath to put their employer's interests and the good of humanity above their own interests. This includes a few headed to Goldman Sachs (good luck with that ethics shit there, Booster!). What do...
McKinsey or Goldman Sachs Capital Partners
I have just finished my masters degree in finance and choose b/w an offer from McKinsey and Goldman Sachs PIA (Capital Partners) in London? I have a strong interest in private equity but also consider an industrial career attractive. What is the preferred choice? I guess it is easier to go from GS...
Boutique/non-BB INTENRSHIP into BB FT offer
So, any stories or advice as to how you turned your internship into a FT offer from a BB or top MM (ghl, laz , etc) FT offer?
Senate Approves Fed Audit
Ben Bernanke's collar might be feeling a little more like a noose today, after the U.S. Senate voted 96-0 in favor of authorizing a GAO audit of the Federal Reserve 's emergency aid measures, including the full disclosure of all recipients of the $2 trillion and counting the Fed has doled out. The...
Goldman Sachs Has First Perfect Quarter With Zero Trading Loss
http://preview.bloomberg.com/news/2010-05-10/gold…- trading -losses.html Goldman traders made money EVERY SINGLE DAY of the first quarter, something that GS has never done before. Some people are saying that GS might have an unfair advantage in the markets, but GS affirms that the success in the...
SEC Should Take Goldman Sachs Olive Branch and Run
It's being reported that Goldman Sachs has opened a back channel of communication with the SEC, and may be offering to cop to a lesser plea and pay a fine in order to make the Abacus fraud case go away. If there's anyone with any brains at the SEC (and that's a big "if"), they'd take whatever deal...
The Untouchables remake
Anybody remember The Untouchables starring Kevin Costner and Robert DeNiro? Imagine Barack Obama and Lloyd Blankfein in the starring roles..... http://theuntouchablesgsedition.blogspot.com/ lol!!!
Hilarious - Congress Shorted Market Too
This gave me a kick. Turn the tables. Congress Members Bet on Fall in Stocks Some members of Congress made risky bets with their own money that U.S. stocks or bonds would fall during the financial crisis, a Wall Street Journal analysis of congressional disclosures shows. Senators have criticized...
Goldman Sachs Asset Management: Analyst Culture
Im curious about the culture at a Goldman Sachs for an analyst in the Asset Management division (GSAM): Specifically, I'd like to know: - How many hours per week they work. - If the work is stimulating and exciting (relative to other groups) - Salary and bonuses - Opportunities for a) exit and b)...
I'm thinking about IPOing my soul.........seeking early stage investors!!!
Basically, I'm in dire need of capital. I'm willing to entertain dialog at this point especially if you have any financing alternatives. I already have a significant amount of outstanding long-term debt. That being said, I'm looking to decrease my leverage ratio by raising equity. I think I might be...
Best Chicago IB Offices-Updated
I know this topic has been discussed before but that was when Lehman was still around. I was wondering if ppl familiar with the area/banks would mind discussing which BB's (for IBD) in chicago are the best? Additional info about how big the offices are/hours/whether or not they execute from the...
Clawback: GS Forced to Disgorge AIG Windfall?
Congressmen Elijah Cummings (no, not a porn name D:MD) and Peter DeFazio (D:OR) today directed the SEC to pursue the return of Goldman Sachs's share of the $2 billion AIG paid out on swaps the insurer issued against the Abacus class securities. In addition to punitive disgorgement, the revelation of...
Biofuels are the future – Yet where is the Investment?
Investors looking for the next big thing after a hydrocarbon economy have a panoply of options, from solar to wind, as well as biofuels. In terms of quickly ramping up production biofuels clearly win the race, but navigating the PR fluff and reality is not a simple thing.
Too Big to Fail Movie Review
Just a forum to post what you thought of the movie. I thought it was pretty good..
Goldman Sachs is Anti-Ivy-League?
Gives hope to non-targets? Browse random IBD ANALYSTS (not VP, MD, etc.) in LinkedIn and you will see a very clear trend: almost nobody has Ivy League degrees. My guess is something like 1/3 at the most, and of those with ivy degrees on their profile we see a clear bias towards...
Freshman Planning
Hey ya'll, New to the posting realm here, not to the site though. I've got a 3.94 GPA from a good school in the midwest in the likes of NWestern, UChicago, and WashU. Any chance next year for Goldman or anything awesome like that without having my parents work there? Thanks for the help. PS Im...
Is Goldman the epitome?
Is Goldman still the place to work? Are they top of the heap for everyone or are they more lucrative places to go to?
No Day Care at Goldman?
You'd better sit down, because this one is going to come as a shock. There is a gender bias on Wall Street. Former Goldman Sachs VP Charlotte Hanna filed suit against the firm yesterday , claiming she was terminated for breeding. The suit claims she was demoted after returning from maternity leave...
God's people VS Goldman Sachs
From Yahoo Finance Religious groups question Goldman on pay: A coalition of religious groups headed by a nun, a priest and the CEO of a Jewish organization will be there to press Goldman Sachs Group Inc. to evaluate whether it's paying executives too much. Goldman CEO Lloyd Blankfein will have no...
Goldman loses its biggest hedge fund guy
The director of Goldman Sachs ' largest hedge fund has departed. He was one of the few people at the firm who made $100 million in annual bonus back in 2006. We're now seeing a very clear pattern of talented people at i-banks leaving due to democrats' manic obsession with controlling the financial...
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