狗剩要成仙了

maserati

不扶不性啊，看样子09年的100米林叫姨日比08年要翻番了，以后狗剩大门口挂一大烫金横匾＂美股第一庄，＂旁边挂一不起眼的小牌子＂The Federal Reverse Goldman Sacks Branch." Actually GS trading winning rate for the 2nd quarter is 97% (only 2 losses out of 65 trading days). Hello, SEC, anyone is working over there?  

Goldman Sachs $100 Million Trading Days Reach Record (Update1)

By Christine Harper

Aug. 5 (Bloomberg) -- Goldman Sachs Group Inc. made more than $100 million in trading revenue on a record 46 separate days during the second quarter, or 71 percent of the time, breaking the previous high of 34 days in the prior three months.

Trading losses occurred on two days during the months of April, May and June, down from eight in the first quarter, the New York-based bank said today in a filing with the U.S. Securities and Exchange Commission. The company made at least $50 million on 58 of the 65 trading days during the quarter, or 89 percent of the time.

Goldman Sachs, which was the biggest U.S. securities firm before converting to a bank last year, posted the biggest profit in its history during the second quarter as revenue from trading and equity underwriting reached all-time highs. The company, which has returned $10 billion to the U.S. Treasury and paid $1.42 billion in dividends and to cancel warrants, also made its largest market bets during the period.

“It’s very counterintuitive to think that they’d be able to generate this much profit and this much revenue in the middle of an ongoing recession,” said William Cohan, a former banker at JPMorgan Chase & Co. and Lazard Ltd. and author of “House of Cards” about the collapse of Bear Stearns Cos. “But the fact that so many of their competitors are out of business or severely wounded has put them in a very strong position.”

Trading Days

In fiscal year 2008, the firm had 90 days in which traders made more than $100 million, compared with 88 in 2007. In fiscal 2006, the figure was 49 days, up from 18 in 2005 and 14 in 2004. Goldman Sachs changed its fiscal year in 2009 to end in December instead of November.

Goldman Sachs’s trading results reflected the firm’s willingness to take on more risk during the period. Value-at- risk, an estimate of how much the firm could lose in any given day, rose to an average of $245 million in the second quarter from $240 million in the first quarter and $184 million in the second quarter of 2008. Most of the increase in the second quarter came from bets on equities, the company said.

“They take risks for their clients and for themselves and they’ve figured out a way in this market, with less competition bidding for these things, to make money,” Cohan said.

Trading and principal investments accounted for 78 percent of the bank’s revenue in the second quarter of 2009, up from 59 percent in the second quarter of 2008. Net interest income, the difference between the interest the firm pays and what it charges, climbed 60 percent from the second quarter of 2008 as the company’s interest expense dropped 83 percent.

Banks such as Goldman Sachs are benefiting from lower borrowing costs after the Federal Deposit Insurance Corp. in October started guaranteeing bank debt issues that mature within three years. Goldman Sachs said in today’s filing it had $25.1 billion of debt guaranteed by the FDIC under the agency’s Temporary Liquidity Guarantee Program. The bank sold about $30 billion of the FDIC-backed securities between November and March, according to company filings.

Today’s filing showed the weighted average interest rate paid by Goldman Sachs on its unsecured short-term borrowings dropped to 1.70 percent in June from 2.14 percent in March and from 3.37 percent in November.

To contact the reporter on this story: Christine Harper in New York at charper@bloomberg.net.

Last Updated: August 5, 2009 08:52 EDT

liblib123

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happylux

不扶不性，扶了也不性。

WaveRider

天之道，损有余而补不足；人之道，损不足而补有余。各国政府干的都是割大众的肉，补银行和大公司的疮。一旦金融市场形成垄断，那比其他行业垄断更可怕，到时只能期待美国出个毛泽东领导人民闹革命。

逍遥山人

这就是金融黑社会组织。

不过，就是搞掉它也没用，后面又会出来猫剩，猪剩什么的，黑帮是从不会消失的。

weigoodone01

ByStander

树打招风,狗剩的好日子快到头了

maserati

I have a better idea of saving US economy by creating high-paid jobs: the Federal Reverse takes control of all trading brokers and asks people to open trading accounts that allow you leverage your fund by 100~500 times to pump up markets. And Goldman Sucks will fanchise their 98% winning rate trading program to all of us. There you have it, a win-win strategy for all of us. The only problem is: where do we find those dumbass bagholders?

逍遥山人

I have a better idea of saving US economy by creating high-paid jobs: the Federal Reverse takes control of all trading brokers and asks people to open trading accounts that allow you leverage your fun ...
maserati 发表于 2009-8-5 10:19

tape

9# maserati


good point

yam

狗剩 = 狗日的

benshou

dong_wd

大家跟好队啦，狗剩100年也不倒。