Goldman Sachs Leading Investor Group to Buy Celsius Assets: Sources

[Covertibility]

So Goldman would be receiving all that stEth at a huge discount ??

 

[VicBee]

exactly. Isn’t it wonderful. Many do not know that Buffet would have been bankrupt in 2008-2009 if he did not push to a rule change where mark to market was suspended, and they were allowed themselves to estimate what their assets are worth. Anyone else, apart from few on the top, would have gotten margin call. As we saw with Archegos. You need to operate in 100s of billions to get a bail out.

Makes sense, no? Would you have wanted to see GM, Ford and Chrysler go bankrupt and let go of tens of thousands of employees? What would have been the consequence of the collapse of the financial and banking sectors in the US? All these scenarios are unfathomable as they would have collapsed the US economy in a modern day 1929.
I hear the absolutists who think their bunkers and hunting skills would save them from Armageddon, but no thank you.

 

[RedDuke]

Makes sense, no? Would you have wanted to see GM, Ford and Chrysler go bankrupt and let go of tens of thousands of employees? What would have been the consequence of the collapse of the financial and banking sectors in the US? All these scenarios are unfathomable as they would have collapsed the US economy in a modern day 1929.
I hear the absolutists who think their bunkers and hunting skills would save them from Armageddon, but no thank you.

if buffet would have gone bust, the companies he owned would be fine. It is his so called financial “weapons of mass destructions” that would take him to cleaners. But the world always have different rules for those at the top. Always been like this and always will be.

 

[The_Krakenite]

Kinda like how Buffett was allowed to step in during the Salomon fiasco. I wish I was able to save my investments that way when scandals emerge...