Goldman Sachs Abacus Pitch Book
Goldman Sachs Abacus Pitch Book
Goldman Sachs Abacus Pitch Book
The bank has its defenders in the media. In April , Greece was at risk of defaulting on its national debt. Have a look at the unbiased slice of the
story at: As well, Republicans are questioning whether the SEC timing of it fraud charges was politically motivated to help the Democrats pass
financial reform legislation. The Abacus pitch book can be seen here. After all by taking out the third-, fourth- and fifth-largest securities firms as
competitors in the market, it stands to reason the remaining firms will benefit. Paulson was open about what he was doing. Any derivatives-savvy
gambler knows a Synthetic CDO is exactly one thing: Retrieved from " https: We welcome comments that advance the story through relevant
opinion, anecdotes, links and data. This is hardly an uber-bullish document ignoring the dangers of buying a synthetic CDO backed by []. Well,
of course they are; everyone knows the stock market only goes up! I am sure the Goldman Sachs line will be that they gave all sorts of disclosure.
The European Union has strict rules about how much debt a member government can carry and how large of a deficit they can run. Navigation
menu Personal tools Log in. The corporation was allowed to suddenly become a bank holding company, a privilege denied Lehman Brothers, and
hence eligible for TARP funding and a sharp discount in the cost of borrowing money. Government backing means the bank is considered a very
low risk and is able to borrow at extremely low rates to fund its deals. Posted by jmowreader Report as abusive. The Money Opposing Reform
[]. One of the experts interviewed, former IMF chief economist Simon Johnson, explained that in Goldman Sachs was facing bankruptcy, but
because of their status as an investment bank they could not borrow from the Federal Reserve. Reuters has kindly made the Abacus marketing
documents available. Three options have been suggested to soften the negative public reaction to the bonuses: The thing that we are selling to them
is supposed to give them the risk they want. This page was last modified on 19 February , at Code Pink demonstrating at Goldman Sachs,
October, Wray wrote in his blog: Treasury Secretary Timothy Geithner, then head of the New York Fed, worked with Paulson to give Goldman
the federally protected status of a commercial bank and also worked on the deal that passed taxpayer money through AIG to Goldman. For more
information on our comment policy, see http: Cheat Sheet Report as abusive. They are not coming to us to represent what our views are. In ,
Goldman Sachs had the most profitable year in its history. The cover of this flipbook tells the prospective investor all he needs to know. The
specific rules Goldman Sachs is accused of violating are: Views Read View source View history. The potential for conflicts of interest is illustrated
by the Abacus deal, since it involved Goldman Sachs structuring a collateralized debt obligation for a hedge fund that wanted to bet against it at the
same the bank was responsible for convincing investors to buy this product. This marketing of Abacus on the basis of its safety contrasts with the
comments in Goldman Sachs employee emails about the dire state of the housing market. What clients are buying Former Goldman trader Nomi
Prins was also interviewed for the PBS program, and she pointed out that another advantage of becoming a bank holding company was that
Goldman Sachs would be covered by FDIC protection, which is ultimately guaranteed by the US taxpayer. Marcy Kaptur, D-Ohio has asked the
Attorney General for criminal charges as well, arguing "On the face of the SEC filing, criminal fraud on a historic scale seems to have occurred in
this instance. Goldman, Pimco, Stanford and Goldman. Views expressed in the comments do not represent those of Reuters. The company is
reportedly planning to hire a brand manager to combat its negative public image. Nine months after Abacus AC1 was sold to investors, 99 percent
of the underlying mortgage securities had been downgraded. Johnson said that the authorities came up with the solution of transforming both
Goldman Sachs and Morgan Stanley into bank holding companies so that they could get access to cheap money from the Fed. Goenka Diamond
lists at discount. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links.
But that boilerplate provision may not be enough. That, in turn, lets it borrow at near-zero interest rates. Because most of its executives have large
pieces of their net worth tied up in shares of Goldman, the wealth effect would be bigger and less sensational than paying all those huge bonus
packages at the end of the year. They probably, the institutional clients we have, wouldn't care what our views are, they shouldn't care. No Legal
or Beneficial Interest in Obligations []. Abacus Ac1 Flipbook Greece has been able to disguise the true nature of its fiscal problems due to a
deal Goldman Sachs structured for it in Reuters Readers who liked this also enjoyed these posts: For a better understanding of subprime
mortgage-backed credit derivatives, visit: Commenting on the charges, former SEC lawyer Steven Thel says that given their serious nature the
SEC would not have launched the case unless it thought it was going to win. Thel stated in an interview with the International Financial Law
Review: Goldman Sachs CEO Lloyd Blankfein has denied there is a conflict when his employees package securities they know are bad and sell
them to investors.
The Abacus Pitchbook - Goldman Sachs Group Inc. (NYSE:GS) | Seeking Alpha
Gooldman a look at the unbiased slice of the story at: The cover of this flipbook tells the prospective investor all he needs to know. Government
backing means the bank is considered a very low risk and is able to borrow at extremely low rates to fund its deals. This marketing of Abacus on
the basis of its safety contrasts goldman sachs abacus pitch book the comments in Goldman Sachs employee emails about the dire state of the
housing market. I am sure the Goldman sachs abacus pitch book Sachs line ggoldman be that they gave all sorts of disclosure. Navigation menu
Personal tools Log in. Treasury Secretary Timothy Geithner, then head of the New York Fed, worked with Paulson to give Goldman the federally
protected status of a commercial bank and also worked on the deal that passed taxpayer money through AIG to Goldman. The company is
reportedly planning to hire a brand manager avacus combat its negative public image. This page was last modified on 19 Februaryat The Money
Opposing Reform []. That, in turn, lets it borrow at near-zero interest rates. Cheat Sheet Report as abusive. Goenka Diamond lists at discount.
No Legal or Beneficial Interest in Obligations []. As well, Republicans are questioning whether the SEC timing of it fraud charges was politically
motivated to help the Democrats pass financial reform legislation. Posted by jmowreader Report as abusive. Goldman sachs abacus pitch book
welcome comments that advance the story through relevant opinion, anecdotes, links and data. Any derivatives-savvy gambler knows a Synthetic
CDO is goldman sachs abacus pitch book one thing: Marcy Kaptur, D-Ohio has asked the Attorney General for criminal charges as well,
arguing "On the go,dman of the SEC filing, criminal fraud on a historic scale seems to have occurred in this instance. Goldman Sachs CEO Lloyd
Blankfein has denied there is a conflict when his employees package securities they know are bad and sell them to investors. Goodman months
after Abacus AC1 was sold to investors, 99 percent of the underlying mortgage securities had been pjtch. Retrieved from " https: Not all financial
institutions felt the kind of deals Gook Sachs made goldmab bet against the housing market were ethical. For more information on our comment
policy, see http: Abacus Ac1 Flipbook InGoldman Sachs had the most profitable year in its history. They are not coming to us to represent what
our views are. They probably, the institutional clients we have, wouldn't care what our goldmaj are, they shouldn't care. The thing that we goldman
sachs abacus pitch book selling to them is supposed to give them the risk they want. Former Goldman trader Goldnan Prins was also interviewed
for the PBS program, and she pointed out that another advantage of becoming a bank holding company was that Goldman Sachs would be
covered by FDIC protection, which is ultimately guaranteed by the US taxpayer. Goldman, Pimco, Stanford and Goldman. What clients are
buying The specific rules Goldman Sachs is accused of violating are: Goldman Sachs is considering its options dealing with the issue of bad bonus
publicity. If you see a comment that you believe is irrelevant or inappropriate, you can flag goldman sachs abacus pitch book to our editors by
using the report abuse links. Commenting on the charges, former SEC lawyer Steven Thel says that given their serious nature the SEC would not
have launched the case unless it thought it was going to win. In AprilGreece was at risk of defaulting on its national debt. The potential for conflicts
of interest is illustrated by the Abacus deal, since it involved Goldman Sachs structuring a collateralized debt obligation for a hedge fund that
wanted to bet against it at the same the bank goldman sachs abacus pitch book responsible for convincing investors to buy this product. Swchs
said that the authorities came up with the solution of transforming both Goldman Sachs and Morgan Stanley into bank holding companies so that
they could get access to cheap money from the Fed. But that boilerplate provision may not be enough. Reuters has kindly made the Abacus
marketing blok available. The corporation was allowed to suddenly sacys a bank holding company, a privilege denied Lehman Brothers, and
hence eligible for TARP funding and boo, sharp discount in the cost of borrowing money. Code Pink demonstrating at Goldman Sachs, October,
After all by taking out the third- fourth- and fifth-largest securities firms as competitors in the market, it stands to reason the remaining firms will
benefit. This is hardly an uber-bullish document ignoring the dangers of buying a synthetic CDO backed by []. Goldmxn of the experts
interviewed, former IMF chief economist Simon Johnson, explained that in Goldman Sachs was facing bankruptcy, but because of their status as
an investment bank savhs could not borrow from the Federal Reserve. Because most of its executives have large pieces of baacus net worth tied
up in shares of Goldman, the wealth effect would be bigger and less sensational than paying all those huge bonus packages at the end of the year.
Thel stated in an interview with the International Abacuz Law Review: Greece has been able to disguise the true nature of its fiscal problems due to
a deal Goldman Sachs structured for it in The European Union abacuw strict goldman sachs abacus pitch book about how much debt a member
government can carry and how large of a deficit they can run. The Abacus pitch book can be seen here. Paulson was open about what he was
doing. Three options have been suggested to soften the negative public reaction to the bonuses: For a better understanding of subprime mortgage-
backed credit goldman sachs abacus pitch book, visit: Wray wrote in his blog: Reuters Readers who liked this also enjoyed these posts: Views
expressed in the comments do not represent those of Reuters.