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Goldman Plunges, -10% In A Week, -24% Yoy

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If you haven't been paying attention, Goldman Sachs shares have been in freefall.

They lost over 3% Friday amid a slew of headlines about imminent subpoenas related to Blankfein, the firm's activities during the crisis, and just generally for being the much-reviled Goldman Sachs.

The stock has lost over 10% in just the last week since Matt Taibbi wrote his latest takedown, costing the firm over $8 billion in market cap.

From its 52-week high made earlier this year, the stock is off 24%.

At $134, it's only barely above its $129 book value, meaning that either A) people don't believe that the company's book value is real, or B) the value of the Goldman Sachs franchise has been reduced to $5/share, or just over $2.5 billion, based on 517 million shares outstanding.

The stock is only barely above where it was at its depths last summer, before it settled civil fraud charges from the SEC.

chart.jpg

Couldn't happen to a nicer bunch.

Lloyd Blankfein Says He Is Doing "God's Work"

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bless matt taibbi.

bubba time.

Goldman is heading down and then out. The fraud has pretty much been proven by the senate, and soon heads will roll.

As a said a few weeks ago, short Goldman could be the trade of the decade.

Thought watch out for a few up ticks between now and the disappearance of Goldman,

Mind you, I am sure like time lords the b**tards will just regenerate.

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Goldman is heading down and then out. The fraud has pretty much been proven by the senate, and soon heads will roll.

As a said a few weeks ago, short Goldman could be the trade of the decade.

Thought watch out for a few up ticks between now and the disappearance of Goldman,

Mind you, I am sure like time lords the b**tards will just regenerate.

Who knows... With Osama Ben Kenobi dead (again), and no real bogey man for the public to loathe and winge over, that Blankfien and his fellow crooks on wall street will prove to be easy targets. A few heads on stakes will take the Yanks minds of of their woes, at least for a short spell, but it won't change anything...

Not much you can do when you have foxes guarding the chicken hut though.

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Mind you, I am sure like time lords the b**tards will just regenerate.

They have their guys in positions of power all over the financial world. Isn't the new MPC member ex Goldman's?

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Goldman is heading down and then out. The fraud has pretty much been proven by the senate, and soon heads will roll.

As a said a few weeks ago, short Goldman could be the trade of the decade.

Thought watch out for a few up ticks between now and the disappearance of Goldman,

Mind you, I am sure like time lords the b**tards will just regenerate.

I am interested in these conjectures - and, to be honest, I've not followed the story of allegations of fraud.

What's the scope of the allegations - and, if found guilty, are the consequences likely to be civil or criminal?

Does anyone really think that Goldman would be allowed to outright fail?

Sure, negative press will suppress any share price - but what basis, if any, is there to suppose this is of consequence over the medium to long term?

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There cannot be any funny business at Goldman Sachs or the BoTfSiE wouldn't have Ben Broadbent, a senior economist at Goldman Sachs, on the MPC.

It would be like saying the BoTFSiE don't know what they are doing.

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Could be some decent political milage for ex Goldmans turning against Goldmans?

That depends how who heavily involved they have been in Goldmans past indiscretions. Although politically they may have no option but to go with it and hope they don't get dragged into it.

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Goldman woldn;t be worth a polished turd if they did not have so many placemen pulling economic and political levers that geerate money opportunities for them which then attracts investment money which would not otherwise touch them with a bargepole - they bet against the own clients' money - you can't get much dirtier and squalid than that.

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Goldman woldn;t be worth a polished turd if they did not have so many placemen pulling economic and political levers that geerate money opportunities for them which then attracts investment money which would not otherwise touch them with a bargepole - they bet against the own clients' money - you can't get much dirtier and squalid than that.

Top tip - Holiday Inn and Best Western are Goldman Sucks owned hotels. Don't feed the Squid.

If you need business accommodation go for Premier or Old English owned by Whitbred and Greene King respectively - ie real British Companies. Travel lodge are owned by some Dubai based spivs

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  • 276 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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