{"id":55762,"date":"2009-11-30T12:42:00","date_gmt":"2009-11-30T17:42:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/goldman-believes-two-thirds-of-financial-losses-realized-completely-ignores-derivatives-and-fas-166167-2009-11"},"modified":"2009-11-30T12:42:00","modified_gmt":"2009-11-30T17:42:00","slug":"goldman-believes-two-thirds-of-financial-losses-realized-completely-ignores-derivatives-and-fas-166167","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/55762","title":{"rendered":"Goldman Believes Two-Thirds Of Financial Losses Realized, Completely Ignores Derivatives And FAS 166\/167"},"content":{"rendered":"<p>&#8220;Bad loans = big losses.&#8221;<\/p>\n<p>Goldman&#8217;s most recent quantification of bank losses begins objectively enough, yet promptly devolves into yet another cheer fest for the financial system.<\/p>\n<p>GS promptly rehashes its estimate of &#8220;only&#8221; $2.1-2.6 trillion in bank losses, slighty adjusting the composition of loans it believes will go bad, while completely ignoring the onboarding of off-balance sheet liabilities (FAS 166-167) as well as any and all potential losses in the derivative realm, where Goldman itself is on the hook for tens of trillions in gross notional.<\/p>\n<p>The only thing missing from this fluff piece is a Conviction Buy rating on Goldman itself (but the Conviction Buy on toxic credit card and real estate debt laden BAC, JPM and COF is certainly present).<\/p>\n<h2><strong><a href=\"http:\/\/feedproxy.google.com\/~r\/zerohedge\/feed\/~3\/yiM2pYhHI-Y\/goldman-believes-two-thirds-financial-losses-realized-completely-ignores-derivatives-and-fas\">Continue reading at Zero Hedge &gt;&gt;<br \/><\/a><\/strong><\/h2>\n<p><a href=\"http:\/\/www.businessinsider.com\/goldman-believes-two-thirds-of-financial-losses-realized-completely-ignores-derivatives-and-fas-166167-2009-11#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/goldman-settling-into-sub-par-recovery-2009-11\">Goldman: This Is What A Sub-Par Recovery Looks Like<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/rosenberg-this-isnt-a-recession-its-a-depression-2009-11\">Rosenberg: This Isn&#8217;t A Recession, It&#8217;s A Depression<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/socgen-prepare-yourself-for-the-worst-case-scenario-2009-11\">SocGen: Prepare Yourself For The Worst Case Scenario!<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/ovsKIk9wRf0\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Bad loans = big losses.&#8221; Goldman&#8217;s most recent quantification of bank losses begins objectively enough, yet promptly devolves into yet another cheer fest for the financial system. GS promptly rehashes its estimate of &#8220;only&#8221; $2.1-2.6 trillion in bank losses, slighty adjusting the composition of loans it believes will go bad, while completely ignoring the onboarding [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-55762","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/55762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=55762"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/55762\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=55762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=55762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=55762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}