frank partnoy goldman sachs

I thought I had read that GS had hired quite a few PR firms (27?) Otherwise they would indeed not have needed any help at all from the Feds. Well, they did care because they NEEDED a short on the other side of the deal. In a comment titled, “Goldman is wrong target for official censure,” he writes (among other things): “Goldman is not to blame for the financial crisis,” a straw man if I ever saw one. S6P is racist and isnt reliable. Heck, forget about Paulson who was not well known or particularly successful at the time. In Lords of Finance, we meet the neurotic and enigmatic Montagu Norman of the Bank of England; the xenophobic and suspicious Émile Moreau of the Banque de France; the arrogant yet brilliant Hjalmar Schacht of the Reichsbank; and the dynamic Benjamin Strong of the New York Federal Reserve Bank. Award Dinner at the Victoria & Albert Museum. Full disclosure: Lifetime democrat who has just “had it” with these “experts”… So how’s that oil gusher working out, you geniuses? Labeling a vehicle toxic avoids the length of description necessary. And you clearly can’t take it. Huh? They’re the smartest guys n gals in the room,remember and they can recognize an unguarded pile of cash and they know what to do with it when they see it, we should thank them for revealing to us our folly (you left your bike outside and unlocked, I stole it from you to teach you a lesson about trust,i.e. I read recently that Obama invited Paul Krugman to dinner, presumably not to talk about Princeton basketball. Read that argument a second time. A 10-bagger would be even better but I don’t want to be greedy. It seems he’s switched sides. And how do we, living in a globalised world caught in an age of financial and ecological turbulence, respond to the differing needs of individuals and institutions? A lot of opinion makers dont do their homework about Portugal. And keep your inaccurate charge of bias out of here. The county has sued IKB and the rating firms that put their stamps of approval on Rhinebridge. Yves – thank you for the post. As I have said repeatedly on this blog, structured credit cases have very few precedents, this is an untested area. I’m not worried, though I’m sure you’ll find an Eli to keep you out of trouble, and a Harvard to help you capitalize on the crisis…. Frank Partnoy said…”The Securities and Exchange Commission advertises itself as the “investor’s advocate”.”. The shortlist is: Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism George A. Akerlof & Robert J. Shiller (Princeton University Press) The global financial crisis has made it painfully clear that powerful psychological forces are imperilling the wealth of nations today. Reader bystander then informs us that you have reversed your position. So if Frank Partnoy’s misconceived defence has one potential benefit, it might shift attention to the behaviour of the other banks which were doing the same thing. Another explanation is that Goldman is the healthiest, most profitable remaining target. They were more clueless and less well paid than US commercial bankers. Opinions about Kreuger were deeply divided: hero or villain, innovator or fraudster, suicide or murder victim. You claim it to be on the facts having changed, when no facts have changed. And It needs to go straight up, no bouncing around to blow out the stop loss. Unless Partnoy can tell us that there are other referrals for complaints that the SEC or the Justice Department is not taking as seriously as the Abacus case, it’s hard to see how this “Goldman as victim” argument stands. “When the huge financial apparatus devised by Goldman went down in flames, taking Rhineland with it, King County was saved from a loss only because IKB had agreed to insure Rhineland’s debt. As for expertise, someone who does not know the difference between 144a and 144A is hardly in a position to take on someone of Partnoy’s training and background. But he won’t.

In short, in shark-infested waters, he’s bait. But no, this is not the way it went down…. My word racist should be readed as xenophobic. Just a holder of GS call options. As far as A E-P and other British nationalist critics of the Euro, they rightly see European integration as an existential threat to the United Kingdom, which is one of the last remnants of that crumbing Hegelian construct, the British Empire. Now it is fair to say that the MEDIA focus on Goldman has been consistent and pointed, with the Matt Taibbi famous “vampire squid” article as centerpiece. Merrill (now BofA), Deutsche, Calyon, SocGen. But first of all it is important to recognize that there are obviously glaring structural deficiencies in the financial and political architecture of Europe’s institutions. Except when the crisis hit. Let us look at what has happened in this thread. 19 (2001), Barbarians at the Gatekeepers? He was a statesman as well as a financier, and usurped Jack Morgan as the leading lender to Europe. How about 20x that, perhaps more. These four men were as prominent in their time as Alan Greenspan, Hank Paulson and Mervyn King are today, but their names were lost to history, their story untold, until now. I think the bigger picture regarding Goldman and the other large financials is that they’ve become parasites on the U.S. and global economies. Maybe a lot of people is surprised about the economic perfomance of Portugal. None the less, the “converted critic” technique is a nice way to take the well deserved authority of the Wall Street critics and to transfer it towards actually protecting Wall Street itself. The real problem is that like the Titanic, there are too few lifeboats. It’s hard to understand how this article came about, since Partnoy has been a long-standing critic of both the dubious products and sales techniques that have become widespread in the financial services industry.

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