Created Mon 12th Jan 8:37pm PST by
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Will Goldman Sachs Declare Bankruptcy in 2009?
Background: Will Goldman Sachs survive to 2010 without declaring bankruptcy?
Goldman Sachs is one of the most powerful and respected Wall Street firms. According to legendary investor Warren Buffett, "Goldman Sachs is an exceptional institution... It has an unrivaled global franchise, a proven and deep management team and the intellectual and financial capital to continue its track record of outperformance."
Yet the collapse of Lehman Brothers in September 2009 proved that even venerable Wall Street institutions can disappear overnight.
Will Goldman remain solvent in 2009, or will it be forced to declare bankruptcy?
Goldman Sachs is one of the most powerful and respected Wall Street firms. According to legendary investor Warren Buffett, "Goldman Sachs is an exceptional institution... It has an unrivaled global franchise, a proven and deep management team and the intellectual and financial capital to continue its track record of outperformance."
Yet the collapse of Lehman Brothers in September 2009 proved that even venerable Wall Street institutions can disappear overnight.
Will Goldman remain solvent in 2009, or will it be forced to declare bankruptcy?
Settlement details:As reported by a major mainstream news source. If Goldman is rescued or bailed out by the Federal Government or Federal Reserve, that does not qualify as a bankruptcy.
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- Predictions: 17 |
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