michael Lewis: Lot of bull about Goldman

Michael Lewis never worked for GS, as evidence by his full head of hair.

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It's not of interest that he defends GS. Personally, I want to hear how "manipulative" their HFT software is and if so, why they haven' t fully disclosed the implications for shareholders.

Further of interest is, how GS - 10 bllion USD government sponsored - was able to take on 216 million USD VaR through its principal transactions division.

If I would have received government money, I would be a bit more "conservative" risking money, or ? :confused: :cool:
 
Sorry, you guys do realize he's being intentionally facetious? He's not defending GS, he's making fun of them...

I thought it was super funny.

"That's not how we look at it; at Goldman we always round to the nearest $US50 billion, so anything less than $US50 billion rounds to zero."
 
Quote from texrex2002:

not his best work ever...

... and the one where he impersonates an arrogant banker is massively funny.

They are the same. :)
 
Several recent newspaper photos have revealed that a surprising number of Goldman Sachs workers are white, male and bald. That non-Goldman people glance at such photos and think ''Holy crap, they even look alike!'' just shows how deeply anti-Goldman bigotry runs in American life.

We at Goldman represent unique clusters of DNA; if we bear some faint surface resemblance to one another, and to creatures from the 24th century, it is only because our superior powers of reasoning lead us to hold in our minds exactly the same thoughts, at exactly the same time.

A shared disinterest in growing hair, for instance, isn't a coincidence of nature but an expression of healthy like- mindedness.

''The world is a pool table,'' our naked-headed CEO likes to tell us. ''And all the people in it are either stripes or solids. You alone are the cue balls.''

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I wonder if internally they call Blankfein Talos I, etc... LMAO :D :D

http://en.wikipedia.org/wiki/Talosians
 

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again...little hater...

Quote from ASusilovic:

It's not of interest that he defends GS. Personally, I want to hear how "manipulative" their HFT software is and if so, why they haven' t fully disclosed the implications for shareholders.

Further of interest is, how GS - 10 bllion USD government sponsored - was able to take on 216 million USD VaR through its principal transactions division.

If I would have received government money, I would be a bit more "conservative" risking money, or ? :confused: :cool:
 
Quote from potemkinvillage:

The bozos at Merrill Lynch, the dimwits at Citigroup, the nimrods at Lehman Brothers, the louts at Bear Stearns...................

http://www.businessday.com.au/business/lot-of-bull-about-goldman-20090728-dzrl.html?page=-1
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I like Goldman's name, KinVillage;
probably its a better name than'' liars poker''

Not that I am in favor of thier 10% stake in ''cap & trade/cap & fraud.'' Certainly its a fraud in name, rightly named it cap & tax.

However to thier credit, they dont own 90 % of ''cap & tax'':D

Not sure i wouild nickname Citi-'' dimwits'' ;
just because many of top Citi manager are dimwit LOL:p
 
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