REAL WORLD EVENT DISCUSSIONS

Investor Berko Analyzes GOLDMAN SACHS

POSTED BY: OUT2THEBLACK
UPDATED: Monday, March 1, 2010 14:51
SHORT URL:
VIEWED: 642
PAGE 1 of 1

Saturday, February 27, 2010 9:25 AM

OUT2THEBLACK


http://www.creators.com/lifestylefeatures/business-and-finance/taking-
stock/goldman-sachs.html


'...Dear Mr. Berko: What do you think of Goldman Sachs as a good growth stock? I'd like to own 50 shares and would appreciate your thoughts as a long-term (five years) investment. Also, I'm looking at the commercial real estate REITs. Do you think the commercial market has recovered? If so, can you recommend three or four issues? I'm really anxious to get into this market and I would invest about $2,500 in each stock. — E.R., Joliet, Ill.

Dear E.R.: Certainly, one of the best growth stocks to own might be Goldman Sachs (GS-$166.27), providing the company does not take itself private. Goldman is the most powerful investment bank in the world and nothing seems beyond its endless reach. Journalist Matt Taibbi describes GS as "a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money."

Goldman's success is a result of its highly connected alumni who left GS to take over Citigroup, the New York Stock Exchange, Wachovia, the Department of the Treasury, the New York Fed, the National Economic Council, the Commodity Futures Trading Commission, the Foreign Intelligence Advisory Board, the U.S. Embassy in Germany, the Bank of Canada, the Troubled Asset Relief Program, Allstate, the Italian Central Bank, the World Bank, ad nauseam. The list is formidable.

Goldman is the eminence grises and these alumni influence the uppermost echelons of governments and corporations all over the globe. This invisible hand of intelligence provides GS with unequaled reach and manipulative power to influence the price of commodities (especially oil), the availability of credit, the direction of the Dow Jones, mortgage liquidity and mortgage rates, the price of gold, the cost of fuel, our economy, Congress and the president's advisers. Goldman's controlling grip on the financial infrastructure of our economy gives CEO Lloyd Blankfein emperor status. And some Goldmanites will tell you that the Goldman motto is: "We few are born booted, spurred and ready to ride while the many are born saddled, bridled and ready to be ridden."

And certainly, past successes validate Warren Buffett's decision to become a large shareholder ($5 billion) in Goldman Sachs.
So if Goldman Sachs is good enough for the legendary Buffett, it should be good enough for you.

Goldman is ruthless (morality seldom plays in the quest for profits); its people are brilliant; it has access to information that makes the CIA and the FBI function like Cub Scouts while some folks believe that GS should be allowed to print its own currency. And certainly, Goldman can do a much better job of running our government than Congress. I may not like the company or many of its people, but I admit to a profound admiration for its business model. Morningstar thinks GS can be a $275 stock in the next few years, and other advisory services believe that Morningstar may be much too conservative.'

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Monday, March 1, 2010 2:51 PM

OUT2THEBLACK


Wall Street's Bailout Hustle

Goldman Sachs and other big banks aren't just pocketing the trillions we gave them to rescue the economy - they're
re-creating the conditions for another crash

MATT TAIBBI , Rolling Stone

Posted Feb 17, 2010 5:57 AM

http://www.rollingstone.com/politics/story/32255149/wall_streets_bailo
ut_hustle




NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

YOUR OPTIONS

NEW POSTS TODAY

USERPOST DATE

OTHER TOPICS

DISCUSSIONS
Elections; 2024
Fri, March 29, 2024 11:46 - 2082 posts
In the garden, and RAIN!!! (2)
Fri, March 29, 2024 11:33 - 3415 posts
BUILD BACK BETTER!
Fri, March 29, 2024 11:05 - 14 posts
Salon: NBC's Ronna blunder: A failed attempt to appeal to MAGA voters — except they hate her too
Fri, March 29, 2024 11:00 - 2 posts
Second and Ted Murdered Laken Riley
Fri, March 29, 2024 10:13 - 16 posts
Well... He was no longer useful to the DNC or the Ukraine Money Laundering Scheme... So justice was served
Fri, March 29, 2024 09:52 - 4 posts
Russia Invades Ukraine. Again
Fri, March 29, 2024 06:20 - 6156 posts
Russia says 60 dead, 145 injured in concert hall raid; Islamic State group claims responsibility
Fri, March 29, 2024 06:18 - 57 posts
Long List of Celebrities that are Still Here
Fri, March 29, 2024 00:00 - 1 posts
China
Thu, March 28, 2024 22:10 - 447 posts
Biden
Thu, March 28, 2024 22:03 - 853 posts
Russian losses in Ukraine
Wed, March 27, 2024 23:21 - 987 posts

FFF.NET SOCIAL