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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: RockyBalboa who wrote (196157)4/13/2009 5:50:07 PM
From: RockyBalboaRead Replies (3) of 306849
 
Goldman put the loss into the December month:

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When Goldman became a bank holding company last fall amid the mushrooming credit crisis, it switched its reporting cycle so its fiscal quarters were in line with calendar quarters beginning Jan. 1. To adjust its reporting schedule, Goldman began fiscal 2009 on Jan. 1 instead of Dec. 1 of last year. The bank said for the month of December, which fell between the change in reporting cycles, it lost $1 billion, or $2.15 per share.

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