In which Greg Smith, (now former) Goldman Sachs executive director, offers a master class on how to compose a letter of resignation. tl;dr: Goldman is lately less about making money for its clients than making money for Goldman and I want no part of these shenanigans.
November 4th, 2011 · 3 Comments · breaking news, fail, sovereign wealth
MF Global CEO (and former Goldman Sachs CEO, and former New Jersey CEO) Jon Corzine resigned this morning, which is what you do when your company goes bankrupt. Oh, MF Global went bankrupt earlier this week. We hope you’re getting your breaking financial news from sites that update every day. Anyway, MF Global found itself [...]
September 27th, 2011 · 5 Comments · bartertown, loller euro, markets
A ray of sunshine appeared on the BBC yesterday and made a case that the Eurozone rescue plan will fix everything, except he really did the opposite of that and Europe is going to go full Bartertown within a year.
Florida homeowners foreclose on Bank of America. Can this be a thing now?
April 14th, 2011 · 3 Comments · all ur bankz, goldman sachs
So as it happens, during hearings before a Senate panel last year, Goldman’s Lloyd Blankfein might have lied a little (a lot) about his firm’s position in the mortgage market. We know, we should have asked you to sit down before reading this shocking news. Trust us, we were every bit as surprised (none) as [...]