In another sign that the recession is deepening, the average employee at Goldman Sachs (GS) will make only $363,654 a drop of 45% from last year. In other words, that would still…
Douglas A. McIntyre Moody’s Investors Service downgraded the long-term senior debt ratings of Goldman Sachs Group Inc. (NYSE: GS) to A1 from Aa3, excluding FDIC-guaranteed debt. The Aa3 deposit ratings of Goldman Sachs’ banking subsidiaries…
Douglas A. McIntyre Imagine a wide loss being considered a win. That is partly the case at Goldman Sachs Group, Inc. (NYSE: GS) This morning. The former "Golden Slacks" posted a loss of $4.97 EPS…
Douglas A. McIntyre This is a very important week for earnings from brokerage firms (or the new bank holding companies). Tomorrow morning we have earnings from Goldman Sachs Group (NYSE: GS) and on Wednesday morning…
According to Reuters, there may be another bubble in commodities prices. Reuters reports that the recession is hurting Japan’s economic sentiment and China’s industrial output. Reuters writes that Bush said the auto…
Most of the CEOs at banks and investment houses are losing their bonuses this year, so what not let every employee at the firms share their pain? Even if they did nothing…
Douglas A. McIntyre A man runs from a burning house covered with soot and with his hair and clothing aflame. A fireman stops him and asks, "What was your strategy for coming out of the…
According to Reuters, the House passed a $14 billion bailout bill. Reuters reports that according to Mastercard (MA) retail sales fell sharply in November. Reuters writes that Congress criticized Treasury over its…
Experts have been making predictions about when the credit crisis would end since several Wall St. CEOs said it was almost over this summer. A number of economists say the downturn could…
Douglas A. McIntyre According to Reuters, falling interest rates will not offset unemployment and falling prices to save to housing market. Reuters reports that GM (GM) and Chrysler are considering bankruptcy to get US funding.…
If you haven’t heard of a creative and backward way of trying to rapidly acquire assets, you can look to Goldman Sachs Group (NYSE: GS) this morning. The WSJ is reporting that…
Douglas A. McIntyre The wonderful and extraordinary thing about big federal spending programs is that the government does not have enough people to keep track of how the money is used. Grifters are everywhere. So…
According to Reuters, a bailout of US car companies gained support in Congress as GM (GM) and Chrysler said they needed money immediately to stay in business. Reuters reports that Merrill will…
According to Reuters, JP Morgan (JPM), Bank of America (BAC), and Merrill Lynch (MER) will cut a total of almost 20,000 jobs. Reuters reports that Boeing (BA) will sign a new deal…
24/7 Wall St. will name its annual CEO of the Year next week. The executive will be picked from a field of ten which we will profile this week. The CEOs are…
