First the SEC, then the UK, then Germany… now AIG wants a pound of Lloyd’s flesh, as well: American International Group (AIG) is thinking of taking action against Goldman Sachs in regards to $6 billion worth of collaterized debt obligations (CDOs) that it insured for the bank. AIG ended up losing around $2 billion on [...]
Entries from April 20th, 2010
Guilt By Association?
April 19th, 2010 · 2 Comments · commodities, goldman sachs
Yeah, apparently, these charges against Goldman Sachs are so serious that investors are unloading ANYTHING that has “gold” in the name. Gold futures took a nosedive on Friday, continue down again today: Announced on Friday, the Securities and Exchange Commission action against Goldman Sachs hit major benchmarks around the globe, with Asian stocks falling early [...]
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China’s Junk Dealers
April 19th, 2010 · No Comments · markets
Really, does anyone think China needs more leverage? A state financial leads the charge for junk – oh, I’m sorry, innovative – bonds: China should introduce “junk” bonds to provide smaller private companies with new funding channels as the country develops its debt capital market, a senior Chinese financial official has suggested. “It may be [...]
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Light Sunday Reading
April 18th, 2010 · No Comments · links
- LoLo, Esq., and I haven’t been patronizing Saks much lately; suddenly, Sadove announces $SKS may have to close up to 20 of its 53 stores. Hey, maybe Gilt will be able to get their paws on enough apres-season inventory to stay around a while longer after all, since Sadove has said he’s too good [...]
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$GS Charged With Being $GS, Basically
April 16th, 2010 · 9 Comments · fail, goldman sachs
We are proud to be literally the last source in the entire world to bring you the story that Goldman Sachs was actually charged with wrongdoing by the government it thought it had paid for. Hooray for democracy, or something. And for bloggers being completely asleep at the wheel. Just as shocking as $GS actually being [...]
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