Word: goldmans
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...Facebook-friended your famous classmates and Googled your roommate, but you might consider searching for them on YouTube as well. You’ll probably need to blackmail them at some point during your Harvard career or when you’re both competing for that cushy job at Goldman Sachs six years down the line. In fact, you should probably just log onto Facebook right now and download one embarrassing photo of everyone in your class, because at least eight of them will make a run for president at some point. And when they do, guess whose farm will...
...YORK—Eugene M. Plotkin ’00, a former Goldman Sachs associate, pleaded guilty Tuesday to an insider trading conspiracy that reportedly earned him and his partner profits of more than $6.7 million...
Plotkin, once a member of the Harvard Ballroom Dance Team, partnered up with a colleague at Goldman Sachs, David Pajcin, to form the insider-trading ring. Pajcin is cooperating with authorities...
...What matters is who owns what, who is under pressure and what else they own. Hedge funds are constantly shifting their exposure, so it is difficult to predict the course a crisis will take. But if you are a highly leveraged fund precariously perched as these dominos fall - as Goldman's are today and as LTCM was in 1998 - you become part of the game. And if you are both highly leveraged and big, the problem that started in one insignificant little segment will now become your problem, and a much bigger one. Again, it's all about leverage. This...
...only have several hedge funds suffered or failed as a result of their exposure to U.S. mortgage products, but some banks and insurance companies as far afield as Australia, Germany and Taiwan have also run up large losses. And they are likely just the beginning, with major firms like Goldman Sachs and Bear Stearns announcing in recent days that some of their own investments have been badly hit. Second, problems in the U.S. housing-credit-market have also spilled over into the world of "leveraged loans," which have been widely used to finance the global boom in mergers and acquisitions...