After Bear is it Goldman?
Fred Day
Jun. 18, 2008

The perception in the market place is clear. Lloyd Blankfein, a 53-year-old former gold salesman, now the Goldman Chairman has shielded Goldman for a long time that the firm is in strong footing. Goldman demonstrated that perception today after posting an 11% profit drop in one of the toughest quarters for the brokerage business. Goldman lost little ground unlike some of its counterparts in the business.

But not everything is so green as it seems. It is going ahead with its planned rescue of SIV Portfolio PLC, a $7 billion structured investment vehicle that collapsed in August. That can be the start of a catastrophe.

The other risk of Goldman is its China operation. The firm has not discounted the imminent Chinese slowdown after the Olympics.

The subprime and credit exposure for Goldman is also a headache. The firm is successful in creating the so called hype that it is stronger and healthier than it looks. But was not that what Bear Sterns was doing before it collapsed?

After Bear is it Goldman?
Fred Day
The subprime and credit exposure for Goldman is also a headache. The firm is successful in creating the so called hype that it is stronger and healthier than it looks. But was not that what Bear Sterns was doing before it collapsed?
READ MORE>>

Borrowers gain options for lower interest mortgage rates and principal reductions - lenders have 45 days to respond
Tania Harding
The large lenders such as Countrywide and Wells Fargo have agreed lenders will have 45 days to decide whether they are willing to renegotiate the loan of a struggling borrower.
READ MORE>>

Metals and Asian stocks rise but oil falls in Asia – what’s the real trend?
Sam Adelton
The market reversals and volatility are prominent aided by the index, private equity, ETF and hedge funds. Investors trapped on the wrong side of trades are getting wiped out overnight.
READ MORE>>

Bear Stearns Hedge Fund Managers getting indicted for starting credit crisis – are they scapegoats for the Federal Reserve’s catastrophic failure?
Bill Jones
While Mr. Bernanke’s former employer Princeton University was busy building a new building for the Operations Research and Financial Engineering department, the Fed failed to understand the risks...
READ MORE>>

Credit rating agencies worldwide may be outlawed in the next several years – EU cracks down on them
Fred Day
The credit rating agencies are root cause of the massive financial meltdown intimated by the credit related problems. The credit agencies in US, Europe and Asia have proved their worthlessness.
READ MORE>>

Biggest insurer AIG faces massive credit-related losses and regulatory probes – removing Martin Sullivan exposes the serious trouble
Peter Oberois
AIG’s potential loss is much higher. The pressure to change the top management has come from a shareholder revolt. The current board had to give in to the pressure of the shareholders.
READ MORE>>

Dollar will move sideways as Federal Reserve is caught between lower growth and commodity hyperinflation
Nancy Oscar
US Dollar rose to a one-month high this week as Treasury Secretary Henry Paulson declined to rule out intervention to support the dollar and U.S. retail sales increased in May twice as much as economists forecast.
READ MORE>>

MORE ARTICLES >>