Goldman Sachs profit bonanza could stoke anger

Steve Eder
Reuters
Sunday, July 12, 2009

NEW YORK (Reuters) – Under normal circumstances, Goldman Sachs Group Inc (GS.N) might be afforded a moment of gloating as it struts toward what could be a banner earnings announcement just nine months after being roiled by Wall Street’s worse crisis since the Great Depression.

But these aren’t ordinary times for the biggest U.S. investment bank, which lately has faced a torrent of unwanted publicity stemming from employee theft allegations and an unflattering spread in Rolling Stone magazine.

Now Goldman, expected to announced second-quarter earnings on Tuesday, finds itself in a no-win situation.

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If earnings are too good critics may lambaste it for ramping up risk too much and embracing a hedge fund-like model that could make it vulnerable to big market swings.

If they fall short, investors may accuse the firm of failing to live up to its reputation for being more aggressive and intelligent than its rivals.

Full story here.

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9 Responses to “Goldman Sachs profit bonanza could stoke anger”

1. 12.160MHZ Says:
   July 12th, 2009 at 10:36 am

   Hang the traitors. GS owns the governement and its politicians. See the rolling stones article.

2. Reconmarine Says:
   July 12th, 2009 at 11:37 am

   GS is an economic terrorist organization. GS must be dismantled and the execs jailed for high treason.

   

   God(Goldman) Save(Sachs) the Queen Reply:
   July 13th, 2009 at 11:08 am

   Paid in Full http://www.youtube.com/watch?v=ZElWBsoyvUo

3. LRRP 1968 Says:
   July 12th, 2009 at 2:08 pm

   Let’s see , they give GS a few hundred billion dollars, and they manage to turn a profit. Is this such a big shock?

4. Madman Says:
   July 12th, 2009 at 4:12 pm

   Should stoke shootings and beheadings…
   Ooops, I said that outloud.

5. Tom T. Says:
   July 12th, 2009 at 7:25 pm

   Damn those crooks for paying back their taxpayer money!

   

   Bill Reply:
   July 13th, 2009 at 9:28 am

   After using it to make tons MORE money using their computer algorithms to manipulate the market and rip off not only the taxpayers but those that invest in the stock market too.

6. moose Says:
   July 12th, 2009 at 8:37 pm

   In fascism the best ideas don’t rise to the top, the ideas that best serve the fascists rise to the top. This is why the economy is sick. Next time somebody says “unfettered capitalism” or “unregulated greedy capitalists”, show them a globe and ask them to point at any country where such ideas have free reign. Tens of thousands of pages of regulations written every year to force the suckers into LESS choice in the marketplace, not more. If this were real capitalism we wouldn’t be staring at the Greater Depression right now. Real capitalism is a self-healing mechanism. Real choices allow a self-correcting economy that is not capable of more than a recession. True-live, all-the-way depressions are ONLY caused by governments that meddle in the economy for the sake of their clients. Like the symbiotic relationship between Goldman Sachs and friends.

7. $$$$$$$$$$$$$$$$$$$$$$$$ Says:
   July 13th, 2009 at 7:43 am

   LOL they want you to riot soooooooooooooo bad they want so badly to crush your bones and take your skulls.

   think catacombs. they want a stack of bones for their soup. demons demons demons.