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posted by drewb612 vote down flag
feedproxy.google.com - 2/18/2009
Goldman Sachs Partners Borrow Millions to Meet Margin Calls
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Goldman has lost its luster. According to CNBC , several Goldman partners have borrowed money to meet margin calls on personal investments they made with their Goldman Sachs accounts. This is incredibly embarrassing and refreshing at the same time. The institution has worked hard to maintain ...
Geithner's Bank Plan Led To Hasty Goldman Meeting - Financials * US * News * Story
cnbc.com - 2/12/2009
Geithner's Bank Plan Led To Hasty Goldman Meeting - Financials * US * News * Story
— cnbc.com — How worried was Wall Street about a lack clarity in Treasury Secretary Tim Geithner’s plan to save... the banking system by buying toxic debt? So worried that Goldman Sachs called a meeting to figure out how to fix the problem. —This meeting known as the ... (more) Geithner's Bank Plan Led To Hasty Goldman Meeting - ...

Comments vote down The Market Ticker found this 2/12/2009found this
China Taxes Reveal Spending Slowdown, Goldman Says (Update1)
bloomberg.com - 2/26/2009
China Taxes Reveal Spending Slowdown, Goldman Says (Update1)
— bloomberg.com — Feb. 26 (Bloomberg) -- China investors should be “defensively positioned” as a decline in the nation’s tax... receipts signals a steeper slowdown in spending than retail sales figures show, according to Goldman Sachs Group Inc. “ Tax data show much ... (more) China Taxes Reveal Spending Slowdown, Goldman Says ...

Comments vote down naked capitalism found this 2/26/2009found this
Goldman Partners Borrow to Cover Margin Calls - Financials * US * News * Story
cnbc.com - 2/18/2009
Goldman Partners Borrow to Cover Margin Calls - Financials * US * News * Story
— cnbc.com — Tough times on Wall Street are reaching all the way to the highest levels of the most... storied former investment bank— Goldman Sachs —as partners there are being forced to borrow money to cover margin calls, according to sources within the firm. ... (more) Goldman Partners Borrow to Cover Margin Calls - ...

Comments vote down Economic Discourse found this 2/18/2009found this
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Related: goldman partners facing margin calls
CNBC: Goldman Partners Borrow To Cover Margin Calls — Dealbreaker
That's what happens when you leverage your Goldman stock to buy "alternative investments." Now your Goldman stock is down 60%+ in two years, the hedge funds you bought have taken a similar bath, you are facing margin calls of "tens of millions in some cases," and Muffie Benson-Perella won't ...