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Goldman reports blowout earnings. (NYTimes, 24/7 Wall St., Crossing Wall Street)
The SEC’s case against Goldman is no slam dunk. (NYTimes)
The short case against Goldman shares. (Clusterstock)
Has Goldman’s stock price already taken its hit? (The Money Game, Deal Journal)
Goldman is fighting a PR battle it will never win. (Deal Journal, Fortune)
The Goldman case presages the rise of populism. (TheStreet)
The SEC filed charges against Goldman after settlement talks reached an impasse. (WashingtonPost)
Magnetar claims it isn’t Goldman. (Gapper Blog, DealBook)
On the crucial differences between the Magnetar and Goldman cases. (Felix Salmon, Conglomerate Blog)
An closer look at the Abacus deal and how it was designed to work in Goldman’s favor. (Huffington Post)
The Abacus deal worked, if you look at the downgrades. (WSJ)
Richard Field, “The way Goldman and John Paulson profited handsomely on their Abacus trades was to exploit the fact that they could see into the bag, but others, including Goldman’s customers, could not.” (Fortune)
Matthew Lynn says people prefer their bankers to be “nasty and mean.” (Bloomberg)
Were Abacus CDO buyers investors or speculators? (Felix Salmon, James Surowiecki)
Was Paulson’s involvement in the Abacus deal “irrelevant” because no one knew who he was? (True/Slant)
Is Goldman setting Fabrice Tourre to take the fall? (Clusterstock, ibid)
Roger Lowenstein on whether we should allow “side bets” on companies. (DealBook also NYTimes)
“(W)ould we be better off without a means to bet against housing?” (Free exchange)
Which clients’ interests come first on Wall Street? (Justin Fox)
Did traders wreck Wall Street? (Credit Writedowns)
Now for some non-Goldman links:
Individual equity allocations are stuck in the middle. (Big Picture)
Emerging markets have stopped outperforming. (TraderFeed)
The love affair with financial stocks seems to be over. (Barron’s)
What are the true normalized earnings for banks going forward? (FT)
The ETF market is rife with new small cap funds. (IndexUniverse)
Background on the Feds move to freeze leveraged ETF issuance. (DailyFinance)
Schwab (SCH) settles the YieldPlus Fund case. (Bloomberg)
Some companies (ACAS) are still happy to have John Paulson as an investor. (24/7 Wall St., market folly)
Is a CLO revival on hand? (Distressed Debt Investing)
Breaking down the returns of hedge funds shows significant alpha (and fees). (SSRN)
Thomson Reuters (TRI) is creating a one-stop-shop for market data. (FT)
The economy is in a “sweet spot” for Wall Street. (Tim Duy also Calculated Risk)
Fed regulators need to act more like intelligence analysts. (Real Time Economics)
Chinese real estate: boom or bubble? It is hard to tell. (FT Alphaville)
Canada laying the groundwork for higher benchmark rates. (Globe and Mail)
Jeremy Grantham is worried about bubbles in the Canadian and Australian housing markets. (FTfm also Tech Ticker)
What is the “discount rate mismatch“? (Baseline Scenario)
Why is Texas doing so much better economically than the rest of the nation. (The Big Money)
Miles driven continue to decline year-over-year. (Calculated Risk)
Estimating the costs of the volcano to the European economy. (Real Time Economics)
How much power do the big banks actually have? (Marginal Revolution also Baseline Scenario, Ezra Klein)
Laurence J. Kotlikoff wants to radically remake the banking system in his new book Jimmy Stewart is Dead. (Bloomberg)
On the power of agglomeration. (Economix)
How Hollywood got caught up in the fight over derivatives regulation. (Vanity Fair)
Can the iPad truly change the dynamics of the publishing industry? (New Yorker)
Add Yum! Brands (YUM) to the list of companies at-risk to the stadium naming rights curse. (SportsBiz)
Putting the unhealthiest fast food sandwiches to the test. (FiveThirtyEight)
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