http://bankimplode.com/blog/2008/04/09/on-the-level-3/ Tue, 06 Mar 2012 18:32:20 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://bankimplode.com/blog/2008/04/09/on-the-level-3/comment-page-1/#comment-390 Mike Thu, 10 Apr 2008 16:56:25 +0000 http://bankimplode.com/blog/?p=126#comment-390 I've seen this show before with different actors. Look for these assets to be bundled and sold to vulture investors who have examined the underlying assets and are satisfied these notes aren't over-leveraged, just caught in the same tide as the sucky ones. Much like Citi laying off a majority of their paper at the expense of their stockholders to "good friends of the bank" at a .9, look for Goldman to do a solid for some of their old money patrons down the line as well. I’ve seen this show before with different actors. Look for these assets to be bundled and sold to vulture investors who have examined the underlying assets and are satisfied these notes aren’t over-leveraged, just caught in the same tide as the sucky ones. Much like Citi laying off a majority of their paper at the expense of their stockholders to “good friends of the bank” at a .9, look for Goldman to do a solid for some of their old money patrons down the line as well.

]]> http://bankimplode.com/blog/2008/04/09/on-the-level-3/comment-page-1/#comment-385 Bank-Implode! » Goldman Sachs - $5.4B Wed, 09 Apr 2008 23:45:04 +0000 http://bankimplode.com/blog/?p=126#comment-385 [...] On The Level 3 [...] [...] On The Level 3 [...]

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