Information about finance, the economy and business. Entertaining and informative. Seeking Alpha Certified Mark Sunshine Chairman & CEO

Category Archive: Goldman Sachs

  1. Wall Street Throws A Party But No Customers Show Up

    Imag­ine throw­ing a party for your best cus­tomers and none of them show up. What would you think about your future?

    Well, about a week ago at a Miami Beach asset-backed secu­ri­ties con­fer­ence, Wall Street pro­fes­sion­als invited their best insti­tu­tional bond cus­tomers to a cool South Beach party and almost no one showed up.

    Wall Street is loos­ing its rel­e­vance and becom­ing a dinosaur. Its busi­ness sim­ply can­not exist with­out cus­tomers. Unless it fun­da­men­tally reforms, and quickly, an entire gen­er­a­tion of bankers and finance pro­fes­sion­als will find that they are no longer rel­e­vant. [read full story]

    Posted in: BANKS, Credit Crisis, economy, Finance, Goldman Sachs, Merrill Lynch, Public Policy, REGULATION, Securitization
  2. Brokers Becoming Banks? The Press Got It Wrong! – A Guest Blog by Winthrop Brown, Partner, Milbank Tweed

    Mark Sun­shine here…Yesterday I received the below e-mail from Winthrop Brown, a friend of mine who is a very senior and dis­tin­guished bank­ing lawyer at Mil­bank Tweed.  He was con­cerned about mis­re­port­ing of the Gold­man Sachs and Mor­gan Stan­ley con­ver­sions to bank hold­ing com­pa­nies and e-mailed me a clar­i­fy­ing analy­sis. Appar­ently Win believes that it […] [read full story]

    Posted in: Bank Holding Company, BANKS, Finance, Goldman Sachs, Guest Blog, Milbank Tweed, Morgan Stanley, Winthrop Brown