Competition? Yeah right.

[SeattleUte]

I certainly couldn't fathom it (them lying). I invite you to name a Wall Street firm with a better reputation. Can you do it? Granted, it's a subjective question, and you've obviously got quite the imagination, so this excercise is proving pointless.

Bottom line - Goldman Sachs is the premier investment firm in the world. It has been for some time, and will continue to be for the forseable future. The most elementary study of the firm's history and rise to dominance reveals that its culture of integrity, client service, and innovation are the reasons for its success - not lying, cheating, and stealing.

Van Praag choosing to share Goldman's side of the story is obviously a sign that the firm was in dire straights? Come to grips, please.

Your performance in this thread has been disappointing to say the least. It serves as a reminder to me that you aren't ever to be taken seriously. Speaks volumes.

P.S. I had sex with your wife.

I'd be really surprised if you knew anything about the firm beyond what you read in "In Search of Excellence." You're such a dork. You act like that puff piece is holy writ. The most charitable thing anyone could say about it is it's a bunch of defensive advocacy ghosted by a PR firm.

[Jarid in Cedar]

Jarid. Interpretation help. If financial reporters and wickepedia refers to Goldman as an investment bank, can you interpet what SU is saying here.

Goldman is an investment firm. It also happens to be a bank holding company as well. I guess techinically there aren't any "investment banks" anymore. This last crisis killed an industry in name only. The day-to-day changes at Goldman Sachs due to the change to a bank holding company are negligible.

What he said. Semantics.

[byu71]

What he said. Semantics.

Thanks, I plan on doing the best I can dealing with the other idiots in my profession and their use of the term.

[SeattleUte]

This is the NY Times' blurb on Goldman:

http://topics.nytimes.com/top/news/b...inline=nyt-org

On Sept. 21, in a move that fundamentally changed the shape of Wall Street, Goldman and Morgan Stanley, the last major American investment banks, asked the Federal Reserve to change their status to bank holding companies. Goldman would now look much like a commercial bank, with significantly tighter regulations and much closer supervision by bank examiners from several government agencies.

So, it's supposed to have fundamentally changed, become essentially a commercial bank. But I guess if people think this was just a contrivance and a facade and Goldman is blithely going along as leveraged as it once was, paying its executives obsene bonuses, secure in the belief that it won't be allowed to fail, well, that just proves my point.

I do believe though that it has materially changed, as it had to do if it was going to survive. That being said, Goldman's managering directors are very good at what they do (for better or worse), and no doubt are even right now figuring out new ways to game and rig the system and manufacture wealth out of nothing.

Colly's lionizng of Goldman is ancient history. The firm has suffered an enormous blow to its crediblity and reputation. Like everyone else Goldman got away from raising capital for new ideas and was whoring itself in the mortgage backed securities market. It only survived because AIG insured much of its risk and the governmen bailed out AIG. So just like your local NBA stars, these are government stubsidized multi-millionaires.

[byu71]

This is the NY Times' blurb on Goldman:

http://topics.nytimes.com/top/news/b...inline=nyt-org



So, it's supposed to have fundamentally changed, become essentially a commercial bank. But I guess if people think this was just a contrivance and a facade and Goldman is blithely going along as leveraged as it once was, paying its executives obsene bonuses, secure in the belief that it won't be allowed to fail, well, that just proves my point.

I do believe though that it has materially changed, as it had to do if it was going to survive. That being said, Goldman's managering directors are very good at what they do (for better or worse), and no doubt are even right now figuring out new ways to game and rig the system and manufacture wealth out of nothing.

Colly's lionizng of Goldman is ancient history. The firm has suffered an enormous blow to its crediblity and reputation. Like everyone else Goldman got away from raising capital for new ideas and was whoring itself in the mortgage backed securities market. It only survived because AIG insured much of its risk and the governmen bailed out AIG. So just like your local NBA stars, these are government stubsidized multi-millionaires.

Someone was saying these things months ago.

http://www.cougarboard.com/noframes/...tml?id=4547742


http://www.cougarboard.com/noframes/...tml?id=4511534


http://www.cougarboard.com/noframes/...tml?id=4104670

[Viking]

I certainly couldn't fathom it (them lying). I invite you to name a Wall Street firm with a better reputation. Can you do it? Granted, it's a subjective question, and you've obviously got quite the imagination, so this excercise is proving pointless.

Bottom line - Goldman Sachs is the premier investment firm in the world. It has been for some time, and will continue to be for the forseable future. The most elementary study of the firm's history and rise to dominance reveals that its culture of integrity, client service, and innovation are the reasons for its success - not lying, cheating, and stealing.

Van Praag choosing to share Goldman's side of the story is obviously a sign that the firm was in dire straights? Come to grips, please.

Your performance in this thread has been disappointing to say the least. It serves as a reminder to me that you aren't ever to be taken seriously. Speaks volumes.

P.S. I had sex with your wife.

Morgan Stanley. Bluest of the blue bloods. I am an alum. Fuck Goldman.

[Viking]

Also, if you short a credit default swap, that's the same as going long the credit. You buy the CDS if you want to protect against credit default. You're welcome.

[Viking]

Lazard is better than Goldman. Doctorcoug worked there in college.

Morgan Stanley is better than Goldman. I worked there for 6 years.

Therefore,

Doctorcoug > Colly Wolly
Viking > Colly Wolly

The Viking family has you dominated. In your face.

[byu71]

Lazard is better than Goldman. Doctorcoug worked there in college.

Morgan Stanley is better than Goldman. I worked there for 6 years.

Therefore,

Doctorcoug > Colly Wolly
Viking > Colly Wolly

The Viking family has you dominated. In your face.

These firms all remind me of a line from I think "Red October".

You arrogant son of a bitch, you killed us all.

[Viking]

These firms all remind me of a line from I think "Red October".

You arrogant son of a bitch, you killed us all.

I still can't believe Doctorcoug gave up a guaranteed spot at Lazard post BYU to go into medicine. The shame.

[Viking]

Is this really your field? Quit your day job.

Dude, they were all "gating" prime brokerage clients the week of LEH to assure liquidity; free credits were not being honored as normal. It was a horrible time and yes, they all could have gone down, including precious Goldie.

[Colly Wolly]

I'd be really surprised if you knew anything about the firm beyond what you read in "In Search of Excellence." You're such a dork. You act like that puff piece is holy writ. The most charitable thing anyone could say about it is it's a bunch of defensive advocacy ghosted by a PR firm.

Sigh. Nothing of substance here.

[Colly Wolly]

This is the NY Times' blurb on Goldman:

http://topics.nytimes.com/top/news/b...inline=nyt-org



So, it's supposed to have fundamentally changed, become essentially a commercial bank. But I guess if people think this was just a contrivance and a facade and Goldman is blithely going along as leveraged as it once was, paying its executives obsene bonuses, secure in the belief that it won't be allowed to fail, well, that just proves my point.

I do believe though that it has materially changed, as it had to do if it was going to survive. That being said, Goldman's managering directors are very good at what they do (for better or worse), and no doubt are even right now figuring out new ways to game and rig the system and manufacture wealth out of nothing.

Colly's lionizng of Goldman is ancient history. The firm has suffered an enormous blow to its crediblity and reputation. Like everyone else Goldman got away from raising capital for new ideas and was whoring itself in the mortgage backed securities market. It only survived because AIG insured much of its risk and the governmen bailed out AIG. So just like your local NBA stars, these are government stubsidized multi-millionaires.

We're going in circles now. Unsubstaniated claims and cynical delusions.

[Colly Wolly]

Morgan Stanley. Bluest of the blue bloods. I am an alum. Fuck Goldman.

LOL! Haterade and jealousy here.

[Colly Wolly]

Lazard is better than Goldman. Doctorcoug worked there in college.

Morgan Stanley is better than Goldman. I worked there for 6 years.

Therefore,

Doctorcoug > Colly Wolly
Viking > Colly Wolly

The Viking family has you dominated. In your face.

Business principle 13:

Our business is highly competitive, and we aggressively seek to expand our client relationships. However, we must always be fair competitors and must never denigrate other firms.