The whispers are rampant: Goldman Sachs earnings are gonna top $2 Billion in Q2.
On Tuesday, we will learn if they have pulled another rabbit out their hat — along with those $2B net. All the chatter has been about a surprise to the upside.
The NYT has an interesting article in Monday’s paper (online tonight) about Goldie. Its filled with some juicy quotes:
“On Wall Street, where money is the ultimate measure, Goldman is both revered and reviled. Its bankers and traders are sometimes referred to as the Bandits of Broad Street. An executive at a rival bank characterized Goldman traders as “orcs,” the warlike creatures of Middle Earth in J. R. R. Tolkien’s “The Lord of the Rings.”
Even mainstream America is taking notice. An article about Goldman in a recent issue of Rolling Stone, by Matt Taibbi, characterized Goldman as “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.” Goldman dismissed the article as the ramblings of conspiracy theorists.”
Orcs? Vampire Squid?
When even the NYT gets into the spirit of eloquent Goldman bashing, you know you are seeing a new cultural zeitgeist take place.
Fun stuff . . .
Goldman Sachs Likely to Post Huge Profits, Analysts Say
GRAHAM BOWLEY and JENNY ANDERSON
NYT, July 12, 2009