{"id":198298,"date":"2007-11-19T22:12:00","date_gmt":"2007-11-20T03:12:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/11\/19\/remember-when-i-said-that-bear-stearns-would-be-gone-in-a-year\/"},"modified":"2007-11-19T22:12:00","modified_gmt":"2007-11-20T03:12:00","slug":"remember-when-i-said-that-bear-stearns-would-be-gone-in-a-year","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/11\/19\/remember-when-i-said-that-bear-stearns-would-be-gone-in-a-year\/","title":{"rendered":"Remember When I Said That Bear Stearns Would Be Gone in a Year?"},"content":{"rendered":"<p>We have a little story about <a href=\"http:\/\/www.nytimes.com\/2007\/11\/19\/business\/19goldman.html?ex=1353128400&amp;en=aca2b920d7c51de4&amp;ei=5090&amp;partner=rssuserland&amp;emc=rss\">the relative success of Goldman Sachs as compared to the other investment banks<\/a>.  What interests me is this quote:<\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p>Money soothes a lot of concerns, of course, and Goldman has had plenty to spread around. Through the third quarter, Goldman\u2019s $16.9 billion compensation pool \u2014 the money it sets aside to pay its employees \u2014 was significantly bigger than the entire $11.4 billion market capitalization of Bear Stearns.<\/p><\/blockquote>\n<p>So Bear Stearns&#8217; market cap is less than Goldman&#8217;s payroll for just 3 months.<\/p>\n<p>If they don&#8217;t go down, they will be bought out.  It&#8217;s just a matter of time before the big fish eat the little fish, and as <a href=\"http:\/\/40yrs.blogspot.com\/2007\/08\/anatomy-of-collapse-bear-stears.html\">I predicted at the beginning of August<\/a>, Bear Stearns will be one of the small fishes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We have a little story about the relative success of Goldman Sachs as compared to the other investment banks. What interests me is this quote: Money soothes a lot of concerns, of course, and Goldman has had plenty to spread around. Through the third quarter, Goldman\u2019s $16.9 billion compensation pool \u2014 the money it sets &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1261,1005,973],"tags":[],"class_list":["post-198298","post","type-post","status-publish","format-standard","hentry","category-bubble","category-business","category-economy"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/198298"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=198298"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/198298\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=198298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=198298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=198298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}