Blog Flux Directory Subscribe in NewsGator Online Subscribe with Bloglines Blog directory
And, yes, I DO take it personally: Another Goldman news story that makes the fraud charge look like an empty gesture
Mandy: Great blog!
Mark: Thanks to all the contributors on this blog. When I want to get information on the events that really matter, I come here.
Penny: I'm glad I found your blog (from a comment on Think Progress), it's comprehensive and very insightful.
Eric: Nice site....I enjoyed it and will be back.
nora kelly: I enjoy your site. Keep it up! I particularly like your insights on Latin America.
Alison: Loquacious as ever with a touch of elegance -- & right on target as usual!
"Everybody's worried about stopping terrorism. Well, there's a really easy way: stop participating in it."
- Noam Chomsky
Send tips and other comments to: /* ---- overrides for post page ---- */ .post { padding: 0; border: none; }

Tuesday, April 20, 2010

Another Goldman news story that makes the fraud charge look like an empty gesture

$3.46 BILLION in ONE QUARTER...? oh, gag me with a spoon...
Goldman Tops Forecast, With $3.46 Billion in Earnings

Earnings for the Wall Street giant rose 91 percent in the first quarter of 2010, to $3.46 billion or $5.59 a share, up from $1.81 billion or $3.39 a share in the same period last year. Revenues increased 36 percent to $12.78 billion, up from $9.42 billion in the quarter a year ago.

Analysts surveyed by Bloomberg had expected revenue of $11.05 billion and earnings of $4.14 a share.

never mind those with mortgage foreclosures... never mind those with no jobs... our super-rich, elite masters continue to rake it in and justify it with b.s. like this...
Dushyant Shahrawat, a senior research director for TowerGroup, said the results reflected the depths to which Goldman had fallen during the financial crisis. “Things had fallen off the cliff so badly that frankly the only way from there was up,” he said.

oh, and fair warning to anyone who stands in the way...
Going forward, Goldman should profit from fast-paced growth in overseas markets, Mr. Shahrawat said, but it also may face new pressures like financial regulation and questions about its reputation.

and, just in case you still think $3.46 BILLION is a lot of money, think again...
“Unless the Dow goes to 14,000 anytime soon, the revenues are not going to blow the barn doors off,” Mr. Shahrawat said.

what a load of bollocks...

Labels: , , , , ,

Submit To Propeller

And, yes, I DO take it personally home page