Bailout and Financial Crisis News

Goldman’s biggest hedge fund manager, Pierre-Henri Flamand, is leaving the firm to start his own fund. This after just losing their top guy in China. Flamand had only been running the Goldman Sachs Principal Strategies for three years, but he’s an old timer, having spent twelve years at Goldman prior to that. A Goldman executive told BusinessWeek that [...]

Three cougars were sited at the Salt Lake City offices of Goldman Sachs around 7 a.m. Monday. And we’re not talking about women of a certain age out on the prowl. These are real life cougars. Mountain lions. The Goldman offices are located at a remote spot near the University of Utah campus. Three young cougars were spotted [...]

(This post previously occurred at The White House blog) The last few days have brought even more evidence that the health care status quo is working out great for the insurance companies – at the same time as it continues to fail American families and businesses. No wonder the insurance companies are spending millions and millions [...]

Here’s a huge counter-consensus call from Goldman — the Chinese yuan isn’t undervalued anymore. While cautious to highlight the uncertainty regarding any currency valuation model, Jim O’Neill lays out his case why the yuan is now pegged near parity in his latest Global Economics Weekly: Jim O’Neill @ Goldman [Emphasis added] : Our GSDEER model used to show [...]

Yes, believe or not, Goldman Sachs whips out precise Excel models even when it comes to determining the hiring impact of a snowicane: Jan Hatzius @ Goldman: Exhibit 2 below incorporates the knowledge from our model, assessing the snowstorm impact on payrolls with fully revised data, after removing the estimated impact of temperature changes. The [...]

Being long commodities may all well and good, given China et al., but it usually pays to follow what brokers do, not what they say: Alphaville: As piles of base metals from aluminium to nickel build up due to poor demand, Goldman Sachs and JPMorgan have entered the little known but very profitable business of metal warehousing. The [...]

By itself, Prudential's acquisition of AIA Group from AIG represents a huge fraction of the M&A activity in the last year. A little background: Britain’s Prudential bought AIG’s Asia operations for $35.5 billion in cash and shares. According to the Wall Street Journal, the deal will make Prudential the leading insurer in Southeast Asia and AIG [...]

Matt Taibbi has directed a lot of anger at Goldman Sachs, after coining the term “Vampire Squid” and launching several long diatribes against the investment bank in the pages of Rolling Stone. But don’t take it personally, Lloyd, it seems like Taibbi hates a lot of people. Vanity Fair has an article by James Verini about [...]

The Federal Reserve has pushed short-term interest rates to near zero, flooded the financial system with loans and committed to purchase more than $1.7 trillion of mortgage and Treasury securities to restart a financial system devastated by the debt crisis. After all that, however, financial conditions tightened a bit at the end of 2009, according [...]

Believe it or not, Goldman Sachs is calling a top for U.S. treasuries in their latest global daily. They believe inflation and interest hike expectations have been overdone for U.S. government bonds, and appear further emboldened in their call for no major interest rate hike through 2011 after Bernanke’s words with Congress. Get ready for disinflation (falling [...]

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