Originally Posted by WakingTheBull Source: Henry Blodget Business Insider November 8, 2011 Nouriel Roubini was in fine form yesterday, scaring the bejeezus out of his followers on Twitter by saying that several huge financial institutions could collapse in the blink of an eye like MF Global. These houses of cards, Roubini tweeted, include: Goldman Sachs Morgan Stanley Jefferies Barclays The problem, as Roubini has consistently warned, is the banks’ dependence on short-term financing to maintain their long-term asset leverage and run their businesses. What killed MF Global, Lehman Brothers, Bear Stearns, AIG, and other huge financial firms, after all, was the sudden refusal of short-term lenders to continue lending money to the firms. Every day, the big Wall Street firms borrow tens of billions of dollars in low-cost short-term loans. They then use this money to make long-term bets on assets that ...
Originally Posted by WakingTheBull Source: ABC By SUSANNA KIM Oct. 18, 2011 Just after the Occupy Wall Street protests celebrated its one-month anniversary, third quarter earnings season continued with Goldman Sachs, which reported its second quarterly loss in its history as a public company. It is unclear how the Volcker rule, which proposes to ban banks with insured deposits from "high-risk," short-term trading with its own funds, will affect banks' financial results. David Hilder, analyst with Susquehanna International Group, said Goldman Sachs and Morgan Stanley may exit the banking business if compliance regulations of the Volcker rule are implemented. The rule is expected to be implemented next year. Hilder said those two banks are less dependent on deposits as a source of funding than other banks. "Once the Volcker Rule implementation regulations are final, we would expect both [Goldman Sachs and Morgan Stanley] to examine the feasibility, as well as benefits ...
Originally Posted by WakingTheBull Article: Raw Story: Goldman Sachs sold $250 million of BP stock before spill Video: Goldman Sachs Dumps 44% of its BP Stock Weeks before Oil Rig Disaster
Originally Posted by WakingTheBull Gs 136.70 could set up for a reversal on a doji close, could signal bottom for market
Originally Posted by WakingTheBull AP ARTICLE: E-mails show Goldman boasting as meltdown unfolds "In e-mails, Goldman Sachs executives boast of profit-taking as housing market collapses"
Originally Posted by WakingTheBull
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