Comments on: How to Puff Up Earnings, Goldman Sachs Style http://www.ritholtz.com/blog/2009/04/how-to-puff-up-earnings-goldman-sachs-style/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 23:28:32 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: 'Better' Doesn't Mean 'Good' | Jutia Group http://www.ritholtz.com/blog/2009/04/how-to-puff-up-earnings-goldman-sachs-style/comment-page-2/#comment-166560 'Better' Doesn't Mean 'Good' | Jutia Group Thu, 30 Apr 2009 13:55:59 +0000 http://www.ritholtz.com/blog/?p=23677#comment-166560 [...] to Congressional pressure on mark-to-market rules, and ignore the fact that Goldman basically disappeared December 2008 as far as it was [...] [...] to Congressional pressure on mark-to-market rules, and ignore the fact that Goldman basically disappeared December 2008 as far as it was [...]

]]> By: Wie man Verluste zum Verschwinden bringt - zeitenwende.ch http://www.ritholtz.com/blog/2009/04/how-to-puff-up-earnings-goldman-sachs-style/comment-page-2/#comment-165432 Wie man Verluste zum Verschwinden bringt - zeitenwende.ch Mon, 27 Apr 2009 13:19:25 +0000 http://www.ritholtz.com/blog/?p=23677#comment-165432 [...] Aber daran haperts bekanntermassen ein bisschen...Quelle: fairresearch Nach Goldman Sachs, welche einen Monat zum Verschwinden gebracht haben, kommt jetzt also die Steigerung auf drei Monate bei der Dresdner Bank. Ein [...] [...] Aber daran haperts bekanntermassen ein bisschen…Quelle: fairresearch Nach Goldman Sachs, welche einen Monat zum Verschwinden gebracht haben, kommt jetzt also die Steigerung auf drei Monate bei der Dresdner Bank. Ein [...]

]]> By: FrancoisT http://www.ritholtz.com/blog/2009/04/how-to-puff-up-earnings-goldman-sachs-style/comment-page-2/#comment-162473 FrancoisT Thu, 16 Apr 2009 05:30:22 +0000 http://www.ritholtz.com/blog/?p=23677#comment-162473 "Alexis Glick gave Goldman a fantastic blow-job on Money for Breakfast today. No sooner had she wiped her lips..." It'd be more accurate to say: "No sooner had she swallowed..." “Alexis Glick gave Goldman a fantastic blow-job on Money for Breakfast today. No sooner had she wiped her lips…”

It’d be more accurate to say: “No sooner had she swallowed…”

]]> By: pk7689 http://www.ritholtz.com/blog/2009/04/how-to-puff-up-earnings-goldman-sachs-style/comment-page-1/#comment-162431 pk7689 Wed, 15 Apr 2009 23:40:12 +0000 http://www.ritholtz.com/blog/?p=23677#comment-162431 By "this", I of course mean the missing $-1 billion dollar month. Of course, this is yet another reason that earnings means nothing for banks in this environment: it is all about the balance sheet. By “this”, I of course mean the missing $-1 billion dollar month. Of course, this is yet another reason that earnings means nothing for banks in this environment: it is all about the balance sheet.

]]> By: pk7689 http://www.ritholtz.com/blog/2009/04/how-to-puff-up-earnings-goldman-sachs-style/comment-page-1/#comment-162430 pk7689 Wed, 15 Apr 2009 23:38:32 +0000 http://www.ritholtz.com/blog/?p=23677#comment-162430 Actually, there is a very good (and simple) reason for the change. Goldman is now a bank holding company. The Federal Reserve is requiring them to sync their quarter with all the other BHCs. The real issue is that most of the main-line financial press is once-again failing their duty to the public by ignoring this. Actually, there is a very good (and simple) reason for the change. Goldman is now a bank holding company. The Federal Reserve is requiring them to sync their quarter with all the other BHCs.

The real issue is that most of the main-line financial press is once-again failing their duty to the public by ignoring this.

]]> By: FromLori http://www.ritholtz.com/blog/2009/04/how-to-puff-up-earnings-goldman-sachs-style/comment-page-1/#comment-162311 FromLori Wed, 15 Apr 2009 14:45:17 +0000 http://www.ritholtz.com/blog/?p=23677#comment-162311 Fantastic piece!! All Hail Barry for putting out the truth for more information on the $$$ size of the problem... http://bluelori.blogspot.com/2009/04/all-hail-government-sachs.html Fantastic piece!! All Hail Barry for putting out the truth for more information on the $$$ size of the problem…

http://bluelori.blogspot.com/2009/04/all-hail-government-sachs.html

]]> By: Transor Z http://www.ritholtz.com/blog/2009/04/how-to-puff-up-earnings-goldman-sachs-style/comment-page-1/#comment-162295 Transor Z Wed, 15 Apr 2009 13:46:12 +0000 http://www.ritholtz.com/blog/?p=23677#comment-162295 Today's op-ed page in WSJ has a response to GS's letter: http://online.wsj.com/article/SB123975976173619467.html Today’s op-ed page in WSJ has a response to GS’s letter:
http://online.wsj.com/article/SB123975976173619467.html

]]> By: Golis http://www.ritholtz.com/blog/2009/04/how-to-puff-up-earnings-goldman-sachs-style/comment-page-1/#comment-162292 Golis Wed, 15 Apr 2009 13:35:18 +0000 http://www.ritholtz.com/blog/?p=23677#comment-162292 1) GS reported after the close on 04/13, stock was down 11.5% from close to close on 04/14. The talking heads and major media sources put this on the dilution of the $5bn offering or the fact that the stock had doubled since the march lows. Whatever we want to believe was the cause, the market acted appropriately. 2) The only thing I hate more than IB cartel and it's control of the corporate world, is the fact that people don't do their own work, read the press releases and filings and figure this stuff out themselves. It's only your own fault if you didn't do the work to see this. People love to blame their own lack of hard work and intelligence on others. Doing the work is 90% of the game when it comes to investing. 1) GS reported after the close on 04/13, stock was down 11.5% from close to close on 04/14. The talking heads and major media sources put this on the dilution of the $5bn offering or the fact that the stock had doubled since the march lows. Whatever we want to believe was the cause, the market acted appropriately.
2) The only thing I hate more than IB cartel and it’s control of the corporate world, is the fact that people don’t do their own work, read the press releases and filings and figure this stuff out themselves. It’s only your own fault if you didn’t do the work to see this. People love to blame their own lack of hard work and intelligence on others. Doing the work is 90% of the game when it comes to investing.

]]> By: eren http://www.ritholtz.com/blog/2009/04/how-to-puff-up-earnings-goldman-sachs-style/comment-page-1/#comment-162265 eren Wed, 15 Apr 2009 04:19:19 +0000 http://www.ritholtz.com/blog/?p=23677#comment-162265 Pool Shark: you've got too much mercury in your body. kidding. thanks for the optionpain. I was doing very same charts the long way. it made my life so easier. Pool Shark:
you’ve got too much mercury in your body. kidding.

thanks for the optionpain. I was doing very same charts the long way. it made my life so easier.

]]> By: AmenRa http://www.ritholtz.com/blog/2009/04/how-to-puff-up-earnings-goldman-sachs-style/comment-page-1/#comment-162246 AmenRa Wed, 15 Apr 2009 01:04:19 +0000 http://www.ritholtz.com/blog/?p=23677#comment-162246 <a href="http://boombustblog.com/Reggie-Middleton/915-Reggie-Middleton-Breaks-Ranks-with-the-Crowd-Once-Again-and-Says-Goldman-is-Overvalued-by-Far.html" rel="nofollow">Reggie Middleton on Goldman Sachs earnings</a> has a good breakdown of GS earnings and how they have more risk than people expect. Reggie Middleton on Goldman Sachs earnings has a good breakdown of GS earnings and how they have more risk than people expect.

]]>