Tag archive for ‘Goldman Sachs’

• Top Ten Reasons Facebook May Not Be Worth $50 Billion

  10 January 11 • 4 comments

  

  Is Facebook’s $50 billion valuation “God’s work” or more engineering from the organization that brought us the Abacus fiasco?

• Wiki-Valuations: The Inside Skinny on $50 BN for Facebook

  3 January 11 • 4 comments

  

  Goldman Sachs just awarded a $50 billion valuation to Facebook. And in a shrewd branding maneuver, the storied financial behemoth is offering its high-net-worth clients the option to co-invest in the world’s leading social media site.

  Before investors jump in with their big boots, however, I encourage them to review this groundbreaking analysis—which I unearthed over at Herding Cats.

• Darth Goldman: The Enterprise Value Strikes Back

  16 July 10 • Comments Off

  

  Yesterday, Goldman Sachs settled fraud charges associated with Abacus CDOs for $550 million. Not surprisingly, the settlement excluded Fabrice P. Tourre, who will no doubt be hung out to dry as the Tourre de Toxic winds to a close.

  Personally, I think the government just got pimp-slapped. Here are five reasons why:

• Morgan Stanley and Dead Presidents

  12 May 10 • Comments Off

  The news is out. US prosecutors are investigating several Morgan Stanley CDOs. Like the Abacus inquiry at Goldman Sachs, the issue is what representations Morgan Stanley made to clients. How did the bank market those Weapons of Money Destruction? Here’s what The Wall Street Journal reports:

  Among the deals that have been scrutinized are two named after U.S. Presidents James Buchanan and Andrew Jackson, a person familiar with the matter said. Morgan Stanley helped design the deals and bet against them but didn’t market them to clients. Traders called them the “Dead Presidents” deals.

  So without further ado, I’d like to play a little song for my friends from Morgan Stanley. I give you Little Walter and Dead Presidents:

• A Two-Fisted Approach to Dealing with the One-Armed Economist

  6 May 10 • Comments Off

  However, digging just a little deeper, it is quite remarkable that since 1793, the U.S. has had 44 Presidents (serving a total of 55 terms). The U.S. has also had 44 recessions. Is this coincidence, or, is there a correlation? Adding to this annoying little fact is that that each U.S President has promised to improve the economy since the very first recession of 1797, also known as the Panic of 1797. Moreover, each President got your vote (or those of your ancestors) by campaigning on the promise that their administration, and their economic and political policies, would ensure that “Americans will never have to endure another recession if you just vote for me!”

  100% Empty Promises Equal 33% Hardships

• Financial Reform: Who’s the Fox in the Henhouse?

  3 May 10 • Comments Off

  In our judicial system, judges recuse themselves when there are conflicts of interest. I’d like to see the same thing in Congress. The only problem—it’s not clear the Senate could field the necessary quorum to hold a vote.

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