Posted tagged ‘rumors’

Vicious Nothings Whispered into my Ear

November 21, 2008

The rumors are that Citi is going to be taken over. Investment bank goes to State Street. Deposits will be split between Morgan Stanley and Goldman Sachs. Keep in mind this is just a rumor…

What isn’t a rumor, however, is that someone did a trade in their personal account in the morning against Goldman Sachs. By the end of the day they tried to do another trade involving Goldman Sachs and were told that it was on the “restricted list.” Something is going on.

Advertisements

The Rumor Mill is Going Strong

February 23, 2008

Well, hold on to your hats. The chosen ones have some problems coming. There is talk of about $500 million to $1 billion in writedowns coming. Also, some unusual layoff chatter surrounding the Golden firm. Specifically there is word that they are cutting people beyond their usual trimming of the bottom layer. I’m working on a much bigger post about how Goldman is lucky in addition to being good, but if these rumors turn out to be true, then whatever is in the water there seems to be working.