国产一精品一AV一免费,亚洲成AV人片不卡无码,AV永久天堂一区二区三区,国产激情久久久久影院


 
|
|
|
|
|
|
|
|
|
|
 
Will customers start walking from Goldman Sachs?
作者: Duff McDonald    時(shí)間: 2010年04月20日    來源: 財(cái)富中文網(wǎng)
 位置:投資理財(cái)         
字體 [   ]        
打印         
發(fā)表評(píng)論        





????This, friends, is the Goldman Sachs story we've all been waiting for, the accusation that just might stick. The Securities and Exchange Commission has charged Goldman and a senior employee with deliberate deception of some customers in order to benefit others.

????If it's true, Goldman (GS, Fortune 500) stands to lose the one thing its harshest critics have never been able to take away from it: its clients.

????Unlike those enraged at seeing their tax dollars fund the Wall Street bailout, Goldman's customers don't care a whit about the fact that monies paid to save teetering insurance giant AIG (AIG, Fortune 500) ended up in Goldman's pockets. Or that the investment bank continues to pay its employees a king's ransom. More like the opposite: no one wants to do business with a loser, and Goldman is anything but.

????Winning is one thing, though. Lying is another. What the SEC has accused Goldman of is outright lying to certain of its customers in order to curry favor with others. According to the SEC complaint, Goldman told buyers of a package of mortgage securities that an "independent, objective third party" selected its contents.

????Alas, it was not the case. They were chosen by another -- and more favored -- client, hedge fund manager John Paulson. And he chose them because they he wanted a package of mortgages that would implode. And implode they did.

????While Paulson has no complaint with the bank, it's a fair bet that the customers who were on the wrong end of that trade will think twice before buying anything from Goldman again. But there are three bigger questions that we will likely see the answers to in the weeks and months ahead.

1. Was this deal -- an instrument known as Abacus 2007-AC1 -- a solitary instance? Or did Goldman do this many times, to many different customers?

????The SEC is going to have to tell us that. After all, the suckers on the other end of such deals don't have much impetus to admit they were taken. It's a good bet, though, that there are more to come.

????After all, if there's one thing about Wall Street you can bank on, it's that its denizens will do anything over-and-over again if they can continue to make money from it. It's hard to believe that Goldman vice president Fabrice Tourre didn't think to do the very same thing again, with the same or different customers.

????Speaking of which, this brings to mind an example of poorly-performing securities being packaged together to be sold to some patsy investors: the now-infamous "Magnetar Trade" recently written about by Jesse Eisinger and Jake Bernstein at ProPublica. We haven't heard a peep by the folks on the other end of that one, either.

????In November, Goldman CEO Lloyd Blankfein made vague references to malfeasance at a conference: "We participated in things that were clearly wrong and have reason to regret," he said. "We apologize." But to whom was he apologizing and for what?




相關(guān)閱讀
用戶名: 密碼:      匿名


0條評(píng)論          查看更多評(píng)論











黑龙江省| 塔河县| 延吉市| 探索| 夏津县| 荆门市| 苍梧县| 秦皇岛市| 册亨县| 衡东县| 玉林市| 台北市| 新丰县| 遂宁市| 九台市| 新竹市| 抚宁县| 广昌县| 定襄县| 公安县| 陈巴尔虎旗| 怀柔区| 梓潼县| 稻城县| 黄陵县| 宁晋县| 垣曲县| 台安县| 梁山县| 柯坪县| 建始县| 翼城县| 庄河市| 麻城市| 揭东县| 天门市| 昌吉市| 德钦县| 确山县| 饶河县| 农安县|