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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST

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To: Rolla Coasta who wrote (24397)10/22/2007 6:25:14 AM
From: TobagoJack  Read Replies (4) of 217615
 
:0)

we have listed companies in hk sporting 1/8 to 1/4 the market cap of bqi and effectively asset free!

in the mean time, an e-mail from pal

QUOTE

Goldman now has over US$1 Trillion in assets.
If Bloomberg is right, GS has approximately US$36 Billion in Equity.

425.5 milllion shares valued at $84.65 per share.

So they have around 3.5% equity to assets? How does that work?
Since they are not a bank, they don't have Basel type requirements?

It seems that Goldman is playing a very, very highly leveraged game.

What am I missing?

UNQUOTE
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