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Panic, greed good

Sep 17, 2008 Gelt, Stragety

Buy Goldman:

Stronger-than-expected earnings from Goldman Sachs Group Inc and Morgan Stanley Tuesday failed to reassure investors who staged a run on Bear Stearns in March and drove Lehman Brothers Holdings Inc LEH.P into bankruptcy Monday.

And despite assurances from Goldman and Morgan Stanley — the two remaining major investment banks — that they had ample cash and capital, investors fled.

Good old “investors.”

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This entry was posted on Wednesday, September 17th, 2008 at 5:39 pm and is filed under Gelt, Stragety. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

2 Responses to “Panic, greed good”

  1. jaymaster Says:

    September 17th, 2008 at 8:50 pm

    I generally despise lawyers. But probably 50% of those I


  2. James H Says:

    September 18th, 2008 at 8:19 am

    There’s some buzzing about how this may affect attorneys, too. A mailing list I subscribe to notes that with financial companies collapsing, white-shoe law firms are losing some of their top clients … and leftover clients are going to be much more alert about cutting legal costs. Which is not a good thing.