Lloyd Blankfein owns 1,819,128 shares at yesterdays closing price of 178.75 makes $325,169,130. There are other partners with current holdings exceeding $100 million, so they do still have significant skin in the game.
http://finance.yahoo.com/q/ir?s=GS+Insider+Roster

Thank you for the link. I wonder whether Blankfein was one of the unlimited liability partners, and if so how many shares he sold in the privatisation?

Found an interesting snippet: http://dealbook.nytimes.com/2011/05/...now-scattered/

He was indeed, as were the other large holders.
If you search you can find the prospectus & other forms submitted at & after floatation. A handful of partners retired at the time so it's difficult to track their holdings. Many had holdings exceeding $50 million at the time.

I know several UK partners who sold large holdings when capital gains tax was reduced to 18% & was then going to rise to 27%. The UK revenue spent 10 years arguing what the 1982 base value for CGT would be & finally settled at the original figure proposed by Accountants working for GS. Around £14/$20 IIRC.
15 years on you would expect large sales to have taken place, some of those original holders are now dead, others will have lost 50% due to marriage break ups & Just retiring will get you off the list of current partners so the numbers look very reasonable to me.

It's an interesting subject, but a bit of a waste of time when the banksters own the politicians who run the world. Let's face it, they own our currencies and much of our working lives - maybe we shouldn't let them own our free time too.

Bloomberg: Let Banks Fail Is Iceland Mantra as 2% Joblessness in Sight

Seems Credit Suisse will pay circa US$ 850M to close discussions about some bad mortgages in 2005/2007.

Any bank is ultimately a confidence game. If you look at their balance sheet (any bank that is) you'll see that their own capital is dwarfed by their liabilities - meaning that when people pull out money 'en masse' , or when there is a portion of the loans failing, the bank gets in trouble, This has been the case since the Dutch & English invented 'fractional' banking.

At the moment, trust is there (again), but any bank - also UBS - can fail.

Take it this way - if you feel comfortable putting money in HSBC, Barclays, RBS etc then UBS is fine too.

There are smaller alternatives such as CLientis - all they do is taking savings in and making (small) corporate loans and extend mortgages. There your risk is the Swiss economy.

looks like CS will be paying the US Govt. around US$ 2.5 billion to settle certain allegations

... without admitting guilt of course. when is this nonsense going to end??

We've done nothing wrong, but we'll pay 2.5 Billion if you'll never bring this up again..? Yeah right.

Small change to close a matter , rather like paying a parking ticket.

Barclays sued by New York attorney general over alleged 'dark pool' fraud - another day in Paradise

Some people are forecasting a fine of circa US$ half billion

Whereas BNP are rumoured to be looking at a fine around twenty times that

Seems the BNP fine will "only" be $8.9 Billion

CS just wrote to over 1,000 current and former employees that the US tax authorities have their names as advisers to possible tax dodgers??
Oooppss

A bit off topic since it is Austria but a fairly large bank there is in the process of going tits up (sorry, bankrupt is not the right word these days. Possibly "Break up" is more appropriate ) Apparently these days "insolvency" is a dirtier word than the one I used above. LOL

Austrian Parliament Approves Hypo Alpe Law Imposing Loss

And from today's Telegraph
"Portugal’s regulator today suspended trading of Banco Espirito Santo after its share price crashed 17pc in Lisbon, reviving worries about the underlying health of Europe’s banks.
The STOXX index of European lenders fell to its lowest this year following a bank run in Bulgaria and a profits shock from Austria's Erste Bank.
The index is down 11pc since early June. "

Now Citigroup fined seven Billion; never ending story!

Because US banks are a model of virtue!

It's being speculated on some alternative financial sites that the German Deutsche Bank and the Commerzbank might be next on the list of US targets for fines.
What the fools in Washington don't realize is that they are driving Europe into the arms of the Eastern sphere of influence and thereby are shooting themselves (and the dollar system) in the foot.
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