GS Message Board

 

Judd Bagley
05/11/10.1:16.PM

Analysis The most clichéd, yet satisfyi...

495

 

Daniel Lee
05/07/10.8:45.AM

I found this site that lets you dow...

112

 

Judd Bagley
04/30/10.12:30.AM

Analysis Perspective is a funny thing. The ful...

934

 

Mark Mitchell
04/20/10.6:02.PM

Analysis It is perhaps beyond the ability of a...

1842

 

Reggie Abaca
04/17/10.9:12.PM

News It was as if a security breach had oc...

1042

 

Mark Mitchell
03/04/10.2:47.PM

Analysis You don’t hear much about it, b...

3696

 

Mark Mitchell
11/17/09.5:36.PM

Market Makers Although much attention has been dire...

5939

 

Mark Mitchell
10/30/09.5:06.PM

Market Makers It was perhaps the single most import...

1801

 

Judd Bagley
10/20/09.2:35.PM

Something of great importance in the ...

630

 

T Shane
08/31/09.10:22.PM

News Mark, I spent my whole career in the ...

66

Goldman Sachs Group Inc. Analyst Oversight

 

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Goldman Sachs Group Inc. Market Maker Oversight

 

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Goldman Sachs Group Inc. Featured Analysis

 

Goldman's Gold Has Lost Its Luster

by Judd Bagley, Published: May 11th, 2010 1:17 PM CDT

The most clichéd, yet satisfying, moment in any movie comes when the brutally bullying antagonist discovers he’s lost that which had empowered his abusive nature. Wait…I take that back. Seeing that fear in the bad guy’s eyes is the second most satisfying movie moment, the first being the inevitable administration of long-overdue justice that follows.

Though evidence has mounted for a while, it recently became official: Goldman Sachs (NYSE:GS) is now on its own, as the guardian angel/demon that once enabled the firm’s assault on our capital markets has clearly severed that relationship. At least that’s the conclusion I draw from the news that Goldman was censured and fined by NYSE and the SEC for specific faults in “execution and clearing” (another way of saying “naked short selling”).

What changed? After all, Goldman is still rich, right?

Well…sort of. Goldman may be flush with cash, but with pressure mounting on politicians to reject any of it in the form of campaign contributions, suddenly that cash doesn’t spend nearly as well as it used to.  At the same time, it’s probably safe to assume Goldman’s allure as a future client has been severely degraded in the eyes of private sector career-minded regulators.

In other words, Goldman’s gold has lost its luster, and with it, the firm’s political ‘juice’. I can only imagine the look on their faces when Goldman brass first realized why their calls were not being returned: their power was gone. And folks with badges were knocking on the door.

Goldman’s role as a facilitator of illegal, short-side market manipulation will never come to symbolize its villainy in the mind of the public the…

Goldman Sachs Group Inc. SELECTED ARTICLES

 

Goldman's Gold Has Lost Its Luster
The most clichéd, yet satisfying, moment in any movie comes when the brutally bu...

 

The SEC's Culture of Regulatory Capture Prior to Goldman Sachs
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Market Rap's All Time Top GS Pickers

  Rank Return Last Action Trades Name Pic
 

1

26%

Buy`GS`@`141.15

3

Joshua Davidson

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