Watch Goldman Sachs, Looks To Be In Trouble

Quote from Aaron Copland:

The lower the stock goes the harder it gets for them to survive, now @ $84.60
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I want to see their ceo out on the streets selling apples.
 
Quote from Trendytrader:

If this is true what the fuck is going on with GS. They are no longer an investment bank they are now meant to be a garden vanilla conservative bank that borrows other peoples money and lends it out as loans. No more trading their own account otherwise they should have stayed an investment bank.

The system is corrupt.
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after blowing out all their "accredited investors"

now they have a better system

take customer deposits and roll the dice

of course there is ( / will be ) no regulatory over sight. It's a capitalist system dammit.
 
Quote from NY_HOOD:

GS Goldman Sachs: Faber on CNBC discusses short squeeze in Volkswagen shares; says many hedge funds were short the ordinary shares (85.77 -7.03) -Update-

Faber says a lot of hedge funds were short the ordinary shares and long the preference shares or Porsche shares, hoping they would converge, but instead it went the other way. Says there are a lot of rumors out there about people suffering from this trade; says one of the reasons GS is down is because people were speculating that GS was also in on this trade and took a very large hit.
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I don't know where to look for the prices of the preferred shares and common shares of VW, but wouldn't the preferred shares trade higher than the common? If so, why would they be long the preferred and short the common? And how would this be a bet that they would converge, isn't it the opposite (betting the difference would widen)? Again, assuming that preferred is trading above common, which I don't know if thats true or not.

I'm sure I'll be promptly told if my assumptions are incorrect...
 
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