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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Gib Bogle who wrote (73243)4/20/2010 1:11:17 AM
From: shades2 Recommendations  Read Replies (1) of 74559
 
Goldman Sachs is like Darth Vader - they didn't completely kill it off in the 1930's - so it came back stronger in the dark side of the force. Your lack of faith that they can easily defeat the puny republic is disturbing - they have been doing this as a corporate culture for a LONG time padawan.

2004:
casinocitytimes.com
The board on Wednesday asked Las Vegas attorney David Arrajj, who represented Goldman Sachs Asset Management, New York, to return next month with a more detailed explanation of what changes have been made at the company since it paid $110 million in a settlement with the SEC.

1937:
pqasb.pqarchiver.com
The Wall Street Journal, 900 words
Jun 3, 1937
WASHINGTON Waddill Catchings, former senior partner of Goldman, Sachs & Co. and author of several books on finance, Wednesday denied specific allegations of David Schenker, conducting the SEC's investment trust hearing, to the effect that Goldman, Sachs & Co. had formed Goldman Sachs Trading Corp. chiefly for the purpose of increasing the investment banking business of Goldman, Sachs & Co.

CHANGE you can believe in *snicker*

LOL!!
pqasb.pqarchiver.com
W.E. Sachs Testifies At SEC Trust Hearing
Questioned on Possible Conflict in Interests of Investment Firm and Trading Unit
The Wall Street Journal, 297 words
Jun 16, 1937

WASHINGTON Walter E. Sachs, senior partner in Goldman, Sachs & Co. and former president of Goldman Sachs Trading Corp., denied Tuesday that the company in its investment banking activities had put its interests before those of the trading corporation.

select.nytimes.com
'RIGGING' CHARGED BY SEC IN TRUSTS; Counsel Points to Purchases of Own Stock by Goldman Sachs Trading Corp. DENIAL MADE BY WEINBERG Partner in Banking House Tells of 40-Point and 30-Point Advances in Shares
March 9, 1937, Tuesday
Page 39, 433 words

Counsel for the Securities and Exchange Commission contended today that parent companies in the Harrison Williams Utilities empire of 1929 "ran up" their stocks for the purpose of floating new issues

GOLDMAN SACHS, FIN. & IND. SEC.
Combination Will Make Largest Investing Unit in Country, $235,000,000 Assets
The Wall Street Journal, 1101 words
Feb 15, 1929

Union of the Goldman Sachs Trading Corp. and the Financial & Industrial Securities Corp. will make the consolidated company not only the largest unit in the country in the line of investing companies but will give it the largest list of stockholders of organizations of that kind. Financial & Industrial Securities has approximately 18,000 shareholders, while the recent Goldman Sachs Trading Corp. has probably 65% to 75% as many.

GIBSON HITS TRUST UNITS; Banker Testifies at SEC Hearing on Goldman Sachs Trading
June 23, 1937, Wednesday
Page 39, 105 words

Harvey Gibson, president of the Manufacturers Trust Company of New York, told the Securities and Exchange Commission today that he disapproved of affiliations between commercial banks and investment trusts

The Christian Science Monitor (1908-Current file) - Boston, Mass.
Date: Jun 4, 1937
Start Page: 11
Pages: 1
Section: Business/Finance
Text Word Count: 279
WASHINGTON (AP)--David Schenker, counsel for the Securities and Exchange Commission, asserted that the Goldman Sachs Trading Corporation controlled or was able to exert substantial influence over a $1,694,494,103 industrial and financial empire in 1929.

By From THE WALL STREET JOURNAL Washington Bureau, The Wall Street Journal, 322 words
May 28, 1937
WASHINGTON The SEC will hold public examination of the Goldman Sachs Trading Corp., subsequently named Pacific Eastern Corp., and its subsidiary and affiliated companies, it was announced in connection with the commission's study of investment trusts and investment companies. The hearing will be held June 2 in Washington.

Stop it - Please - you are killing me - LOL!

'PRIVACY' DEFENDED IN UNDER WRITINGS; Partners in Lehman Brothers and Goldman, Sachs Give Views at TNEC Hearing PACT BY FIRMS DISCLOSED Herbert H. Lehman Described as Active in Drafting of 'Treaty' in 1926
E-MAIL
By JOHN H. CRIDER Special to THE NEW YORK TIMES.
January 9, 1940, Tuesday
Section: Business & Finance, Page 35, 1148 words

WASHINGTON, Jan. 8--John M, Hancock, partner in Lehman Brothers, and Walter E. Sachs, partner in Goldman, Sachs Co., defended privately negotiated underwriting relationships between investment...

DEAL MADE IN JERSEY TO ESCAPE STOCK TAX; Counsel for Goldman, Sachs & Co. Traces Exchange of Shares at SEC Hearing
June 15, 1937, Tuesday
Page 33, 276 words
The Securities and Exchange Commission received testimony today that New Jersey was chosen as the site for a stock trade between an investment trust and a holding company so that payment of the New York transfer tax on securities might be avoided.

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