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businessinsider.com - 11/2/2009
Sorry, Folks: Goldman's Bet Against Housing Was Hardly A "Secret" (GS)
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It's time to finally lay to rest claims stretching back as far as 2007 that Goldman Sachs was peddling securities backed by risky home mortgages while it was secretly betting that the US housing market was in trouble. Far from being "secretly" down on the US housing market, very early on Goldman ...
mcclatchydc.com - 11/1/2009
How Goldman secretly bet on the U.S. housing crash
— mcclatchydc.com — WASHINGTON — In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed... by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in U.S. housing prices would send ... (more) How Goldman secretly bet on the U.S. housing crash

Comments vote down naked capitalism found this 11/1/2009found this
Shock and Awe
epicureandealmaker.blogspot.com - 10/30/2009
Shock and Awe
— epicureandealmaker.blogspot.com — What the hell did I ever do to piss Steve Randy Waldman off? I tell you honestly,... Dear Readers, my afternoon conversation with this genial and intelligent gentleman started unremarkably enough, with a little playful banter in the Twitterverse on ... (more) Shock and Awe

Comments vote down Abnormal Returns found this 10/30/2009found this
Never Send a Boy to Do a Man's Job
epicureandealmaker.blogspot.com - 10/28/2009
Never Send a Boy to Do a Man's Job
— epicureandealmaker.blogspot.com — Interesting article over at Bloomberg.com this morning. Did you see it? Oct. 27 (Bloomberg) — In the... months leading up to the September 2008 collapse of giant insurer American International Group Inc., Elias Habayeb and his colleagues worked ... (more) Never Send a Boy to Do a Man's Job

Comments vote down naked capitalism found this 10/28/2009found this

Blog Reactions

Abnormal Returns:  Monday links: hoarding cash

Irvine Housing Blog:  IHB News 11-7-2009

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Blog Reactions

Monday links: hoarding cash
Abnormal Returns — ... was shut down in just about 45 days.  (All About Alpha) If you want to see volatility check out the new ChiNext equity exchange.  (NYTimes also Clusterstock) Cisco (CSCO) has 59 standing boards and councils.  Time for simplification.  (Breakingviews) Goldman Sachs (GS) was for subprime before it was against it.  (Clusterstock) Fannie + Goldman + US Treasury + Tax Credits = ...

IHB News 11-7-2009
Irvine Housing Blog — ... Sorry, Folks: Goldman Sachs Was Not "Secretly" Short Housing During The Bubble ... ...

Related Content
“How Goldman secretly bet on the U.S. housing crash” (AIG as Bagholder Watch)
nakedcapitalism.com 11/1/2009 — McClatchy, which was the only major US news organization to question the Iraq war until is was obvious to all that it was a misguided exercise in neocon hubris, has started a series on Goldman’s famed “short subprime” exercise. ...
Bailing Out AIG Like Goldman's Life Depended On It
minyanville.com 3/16/2009 — Goldman Sachs (GS) is about $13 billion richer thanks to money from the Federal Reserve funneled to the Wall Street firm through American International Group (AIG). This appears to dent and maybe demolish Goldy’s reputation as a sage button-down ...
More on Goldman and AIG
baselinescenario.com 10 days ago — Thomas Adams, a lawyer and former bond insurer executive, wrote a guest post for naked capitalism on the question of why AIG was bailed out and the monoline bond insurers were not (wow, is it really almost two years since the monoline insurer crisis?). He estimates that the monolines together ...
AIG’s Benmosche Learns He Can’t Push Uncle Sam Around, So Threatens to Quit
nakedcapitalism.com 24 days ago — AIG’s CEO Benmosche has displayed extraordinarily arrogance even before he took the job, so his latest stunt, a threat to leave AIG high and dry by quitting a mere three months in, should come as no surprise. Frankly, from the get-go, he ...
AIG is Dead; Long Live AIG!
alephblog.com 8/28/2009 — When Robert Benmosche was named CEO of AIG, I thought it was a good thing. Ed Liddy, possibly tired of the abuse, wanted to move on. Liddy was primarily skilled with personal lines P&C insurance, which was a small part of AIG, and has been sold off. Benmosche’s skills extend to ...
Matt Taibbi - Taibblog – Forget Galleon: What about Goldman’s ex-boss?
trueslant.com 10/31/2009 — The deal contributed to the more than $14 billion that over 18 months was handed to Goldman Sachs, whose former chairman, Stephen Friedman, was chairman of the board of directors of the New York Fed when the decision was made. Friedman, 71, resigned ...
The Media is Wrong about Goldman Sachs, AIG
business.theatlantic.com 15 days ago — The NYT is wrong about Goldman Sachs.
The Problem With Financial Services Compensation (AIG/Pay Czar Edition)
nakedcapitalism.com 10/13/2009 — The Financial Times reports that the so-called pay czar Kenneth Feinberg, who is in charge of overseeing compensation at TARP recipients, is going to crack down on some of the bonuses paid at AIG : The Obama administration’s pay tsar has indicated ...
Timmy!’s Testimony
streetwiseprofessor.com 12 days ago — Krugman is bashing Timmy! Geithner for his role in the AIG bailout. This poses something of a dilemma for yours truly. My sentiments parallel those of Henry Kissinger during the Iran-Iraq War: too bad they both can't lose. All snark aside, the ...
Notes from Recent Travels
alephblog.com 13 days ago — Before I begin this evening, I would like to comment on my absence for the last week. I gave a talk on Friday to the Southeastern Actuaries Conference . I found myself behind the eight-ball, because of my many other projects, and so I had to block out the time to write and prepare the talk.  ...
VMWare: Goldman Downgrades On Valuation — BARRONS.com: Tech Trader Daily 10/30/2009
VMware (VMW) shares are coming under early selling pressure after Goldman Sachs analyst Derek Bingham cut his rating on the virtualization software stock to Neutral from Buy, as the stock approached his $44 price target. “We remain ...
NetEase Slides: China Agency Rejects World of Warcraft — BARRONS.com: Tech Trader Daily 11/2/2009
As several analysts note this morning, China’s General Administration of Press and Publication (known as GAPP) has rejected an application from NetEase (NTES) seeking approval for World of Warcraft . The review process is now officially ...