AMA: Worked in real estate banking for Goldman Sachs during the 07 hosing crisis

Joined Goldman Sachs in real estate banking in 2006 and still work here today. Have seen some major fuckups, incredible greed, absurd hubris and best of all, fat ass bonuses through it all.

Ask me anything.

Other urls found in this thread:

businessinsider.de/best-rooftop-bars-nyc-2017-6
twitter.com/NSFWRedditGif

why should i care?

Show us bank account balance

How does one get a job with Goldman Sachs?

Idk, I figured wage cucks occasionally like to break out of their downtrodden bubble and talk to succesful people. Lelz.

Amount: More than yours.

Was it all about giving useless unemployable niggers massive home loans they could never repay in an attempt to keep them from chimping?

How much Cocaine and Hookers flows through the company per month? Please use Tonnage as it is the best scale of such things

image is ripped off BI

the-crown-hotel-50-bowery-2

Why does the Fed have to raise interest rates? Couldn't the Fed keep interest rates low and QE forever? Money velocity is dropping as the money supply increases, so by definition inflation isn't likely a real phenomenon. Why can't Yellen just go with the flow and print us away into prosperity?

pic with timestamp faggot

Is Goldman exposed to big risks? Like Canadian real estate, the failing retailers like Sears, etc?

Step 1: Get into a top 25 college (either straight out of HS or the easier way by transferring in from Community College)

Step 2: Major in either finance, accounting, econ, engineering, math or stats and earn above a 3.5.

Step 3: Lie a fuckload on your resume about clubs you were in and what positions you held

Step 4: Send out about 200 applications and read the Vault Guide to Technical Finance Interviews.

Step 5: Keep your cool during interviews, earn a summer internship and then get a return offer.

Step 6: Greatness

>lelz
Jump off that roof kike

She would if we would have elected Hillary. Trump will have to fight rising interest rates for 8 years.

>the-crown-hotel-50-bowery-2

businessinsider.de/best-rooftop-bars-nyc-2017-6

dude's a larper.

OP is fake and gay

>Was it all about giving useless unemployable niggers massive home loans they could never repay in an attempt to keep them from chimping?

Well investment bankers don't do home loans but commercial banks were basically chasing profits by giving people with shitty credit adjustable rate loans so they could earn higher rates in the short term and eventually enough of those niggers and wagecucks defaulted. This was just one problem of millions though.

Please tell us about the incredible greed, I thought it was the name of game anyway?

Proof?

No ok then slide thread.

So the plan is to set the house on fire while being trapped inside it? And after everything has burned down, we'll just put it back together like nothing ever happened. Because we'll survive the fire of course.

There are ways to take down Trump, but crashing the economy to do so is like utilizing nuclear weapons in terms of collateral damage.

greentext some stories about the greed and hubris

I probably do coke more than most people but I only indulge about once a month or less. As for hookers, that's the type of thing most people do once and never again. It's more about the "Instagram models" or bottle girls and such that will fuck any guy who is willing to spend a grand at the club/bar on them. Which is basically soft core prostitution.

>image is ripped off BI
I am glad you are from another country so I don't have to worry about a pleb showing up to our spot lmao.

>pic with timestamp faggot
Draw a smiley face on your ballsack and post it and I'll do it and wire you a couple bitcoin as well for the lulz

>Is Goldman exposed to big risks? Like Canadian real estate, the failing retailers like Sears, etc?
Ehhhhhhhhh, kinda sorta. Long story but the business model (especially since '08) is pretty much default-proof.

>Jump off that roof kike
You probably would have done it a while ago if you weren't to poor to afford the cover charge to any rooftop bar lmao

Better hurry and do it before your computer time runs out at the public library, Jamal

When will house price crash?

What is your opinion of the economic future of Europe? Are you betting on a crash?

>dude's a larper.
You are so sad that I called you out on being a wage cuck hahaha

>When will house price crash?
If anyone could predict that they would be a billionaire - but no one can.

I don't see any radical changes in the near future desu. I do think the UK would have done themselves well to have stayed in the EU and I think that most economists agree with that.

You type like a high school student, you're just mad you got called out on your obvious larp attempt.

Fake and gay.

>Why don't you fuck back off to reddit?

No one here gives two chimp shits about your greedy ass or Goldman.

Hey dude. If im a loser neet who is eventually going to inherit about 150k. what would be the best way to protect it or even grow it (slowly)?

I really dont want to risk it and want to keep it as a nest egg.

But if i wanted to risk it could alot of money be made with it easy?

No way I'm putting any bank information on fucking Sup Forums but here's a picture of me chiling with Waka Flaka before he played at my bosses christmas party

>You type like a high school student
Contrary to plebeian's belief - just because I'm rich and successful doesn't mean I sit at my computer with a fucking eyegalss studying my messages on Sup Forums before I send them. You're an idiot (and poor).

>No one here gives two chimp shits about your greedy ass or Goldman.

Damn, maybe if you did you wouldn't be so broke. Loser.

Who's that nog? You sound insecure, like most GS kikes. Now kys.

SAGE.

>Hey dude. If im a loser neet who is eventually going to inherit about 150k. what would be the best way to protect it or even grow it (slowly)?
>I really dont want to risk it and want to keep it as a nest egg.
>But if i wanted to risk it could alot of money be made with it easy?

If I'm you what I'd do is wait until the next recession and then invest it all into the S&P Index. Right now the entire market is way fucking overvalued and eventually it's gotta come back down to earth. Once that happens and things drop way down put it in the S&P.

>Who's that nog? You sound insecure, like most GS kikes. Now kys.

Why do poor people love to project at rich successful people? How am I insecure? I make 10x your yearly wage. You're the insecure one knowing that a guy like me could come through, wreck your home, fuck your wife, repo your home and take your entire life with ease. Everything you have going for you in your small downtrodden life could be mine in a second.

I can tell you're not rich because real rich people don't go around calling others poor. But you wouldn't know that would you?

Is that a sure bet? I mean i agree this market is a big fucking retard lie but Its all i got. I would be safe taking a 70% sure bet?

What kind of profit could i look at? doubling? tripling?

Next stock market collapse when?

Here's a picture of the boathouse at my family vacation place. Can't say I financed the place, as it's been in the family for decades and decades.

>Next stock market collapse when?
No one can time the market and anyone who claims that they can is bullshitting. Repeated experiments and surveys have demonstrated that humans cannot consistently outperform the market and/or time the market. That doesn't mean that you can't get lucky - but it's basically the same as betting on sports.

>I make 10x your wage

How do you get any satisfaction from lying on a basket weaving imageboard? Are you on welfare or something and and dream of being rich one day and calling wagecucks poor?

who?

Post a pic sucking your own dick and I'll transfer you 0.0001 btc you kike faggott

Bretty nice desu

>Is that a sure bet? I mean i agree this market is a big fucking retard lie but Its all i got. I would be safe taking a 70% sure bet?
>What kind of profit could i look at? doubling? tripling?

Yes it's about a 99.99999% sure bet if you put your money in the S&P Index. Unless our entire country fails it will go up over extended periods of time. If you want to get an idea of what type of gains are possible - look at how much the S&P has grown since 2009 after the last recession? It's just about quadrupled in about 8 years.

>who?
What shitty, socialist country are you from? I've never even seen that poverty looking flag that's in all your posts.

you don't start out a thread claiming to be a Goldmanite by lifting an image off Business Insider and re-naming it "July4thPics"

you have no class.

oh wow thats pretty good.

I think the money im talking about it already invested and heavily autistically diversified though. Should i begin pulling out? would a failure of tax reform be the time to pull out?

Should i pull out if its already diversified?

>Post a pic sucking your own dick and I'll transfer you 0.0001 btc you kike faggott
Aren't you from Chile? Better shut the fuck up before some MS-13 hoodlums come and raid your house in the slums and rape your mom in front of you then cut your dad's arms off. Does it bother you that you'll always be subjected to the world's worst indignities because you're poor and you'll never get to experience luxury houses, cars and beautiful women?

the new leader of the free world.

>oh wow thats pretty good.
>I think the money im talking about it already invested and heavily autistically diversified though. Should i begin pulling out? would a failure of tax reform be the time to pull out?
>Should i pull out if its already diversified?

The S&P is diversified. I'd let a pro handle your money - no offense but you don't sound like a professional

My bad, thought I was talking to an adult, not someone who mistakes chile for west africa

How many greedy kikes are in the field

>the new leader of the free world.
BAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHHAHAHA you personally are not the leader of shit, you're poor!!! HAHAHAHAHAHAHHAHAHAHAHHAHAHAHHAHHAHAHAHAHHAHAA

>but no one can

Oh sweet summer child.

The economy is so centrally controlled the fed can cause a crash whenever they want. Insiders are absolutely informed ahead of time.

Holy shit this guy may actually be dumb enough to be from Goldman.

I'm a young engineer trying to make sense of the economy. What's your #1 piece of advice for preparing for the future? Do you think a crash is coming?

Do you read ZH?

>the new leader of the free world.

He thought he was so cool saying this lmfao, this man is living in the slums next to the refugee neighborhoods just waiting to get raped talking like he's the next POTUS lolololol

im not a pro at all and a pro is handling it. Just thought i would give you some stuff to talk about

also this thread...

you got called out, and now you're being a whiny bitch.

>My bad, thought I was talking to an adult, not someone who mistakes chile for west africa
Hahahahah this kid is so poor he thinks that Chile is actually a decent place to live lmfao. How many of your family members have been raped or dismembered?

>How many greedy kikes are in the field
Way more Asians and Indians than jews.

You have to be like 15 at most.

So do you think the economy will crash by Christmas?

>Oh sweet summer child.
>The economy is so centrally controlled the fed can cause a crash whenever they want. Insiders are absolutely informed ahead of time.

You're an idiot. Stop trying to explain the economics that you don't understand through conspiracies.

i know it's more a deutsche bank thing, but how close is the eu to collapse, also thoughts on yanis varifakis?

oh wow. A NY/NJ rooftop lounge thats so exclusive and rare.

>I'm a young engineer trying to make sense of the economy. What's your #1 piece of advice for preparing for the future? Do you think a crash is coming?
>Do you read ZH?

A "crash" isn't coming but the market is currently overvalued and eventually we're due for a recession. Never heard of ZH

Why are you on here on a sunday when you could be doing rich people things?

Also... Why do you like to talk shit to people below you?

Does it make you feel better?

Some people dont care about money, whats the point in joining the rat race when people are shitty to other people and enjoy making others feel like shit?

Notice how I did not insult you or talk shit or name call?

I am broke as fuck, unhealthy from a back injury and thats why Im broke.... I have every reason to hate you and the way you treat people like me, but I choose not to.

I dont care that you fuck whores, are rich, go to rooftop, blah blah...

but i am curious as to why your hear making fun of us serfs.

Its a shame because I came in this thread wanting to learn, but the way your talking to people makes me glad I dont have your life.

>you're being a whiny bitch.
If making enough money to steal your wife and buy you out of your own home is considered being a whiny bitch then I plead guilty

>You have to be like 15 at most.

If you mean 15 Million more in the bank than you'll ever have then truuuuu

OP is the little brother of someone who works at goldman. maybe....

>So do you think the economy will crash by Christmas?

No and it's not going to "crash"

>i know it's more a deutsche bank thing, but how close is the eu to collapse, also thoughts on yanis varifakis?

EU is not at all close to collapse

Also being around Waka flame or whatever his name is not an achievement. Music has been dead for over a decade, now its just a bunch of corporate jingles posing as music under the guise of idol worship.

Rap is cancer.

>A NY/NJ rooftop lounge thats so exclusive and rare.

Is to you because you're poor. Differnce between you and I is that my nightly routine is your special holiday. On your best days you strive to act like you live like me.

i work on Wall Street not for Goldman but another big company. OP is a larper. After working for these soul destroying companies for a long time the last thing you give a shit about is coming here and "showing off". So either he is a larper or a summer intern who has a relative that got him an internship. Most of you guys aren't called back so hopefully you don't get called back. You sound like you have low self esteem so thats pretty much a given.

never heard of ZH?!

a very uninformed Goldmanite...

I think its interesting that everyone knows how fake OP is, and everyone keeps going with it because we all hate investment bankers that much.

>Step 6: Greatness

Sounds gay and like a lot of work. I'll stick with Mass Mutual.

Thanks.

>Why are you on here on a sunday when you could be doing rich people things?
>Also... Why do you like to talk shit to people below you?
>Does it make you feel better?
>Some people dont care about money, whats the point in joining the rat race when people are shitty to other people and enjoy making others feel like shit?
>Notice how I did not insult you or talk shit or name call?
>I am broke as fuck, unhealthy from a back injury and thats why Im broke.... I have every reason to hate you and the way you treat people like me, but I choose not to.
>I dont care that you fuck whores, are rich, go to rooftop, blah blah...
>but i am curious as to why your hear making fun of us serfs.
>Its a shame because I came in this thread wanting to learn, but the way your talking to people makes me glad I dont have your life.

Way too fucking long, not gonna read. But yeah, basically it kicks ass to be able to fuck the wives of poor people and on my worst day live like other people on their best. I feel bad for poor people that spend holidays at expensive restaurants trying to pretend like they aren't poor.

I've gone to rooftop lounges in sandals and shorts. Thy exist to trick tourists into buying $12 bottles of beer and $15 glasses of Merlot. Also the whole allure of rooftop lounges stops being a thing when you are like fucking 22 and you realize there are tons better places to go to.

Keep it up, you will get doxxed.

>OP is

OP is soooo much richer than you and you are still here crying about it.

lol nu/pol/ will fall for this

you couldn't even steal women's underwear from the laundromat.

that's how bad you are at LARPing.

>Also being around Waka flame or whatever his name is not an achievement. Music has been dead for over a decade, now its just a bunch of corporate jingles posing as music under the guise of idol worship.
>Rap is cancer.

Why so negative bro? This is why I feel bad for poor people- you've learned to be so defeated and angry about everything in life. Sucks for you man. I don't care what rappers preach as long as they smoke blunts and sniff lines with me at parties lol.

How come you're not in jail where you belong ?

>a summer intern
LMFAO maybe

What firm do you work for, pussy?

>we all hate investment bankers that much.

Why do poor uneducated people hate investment bankers? There is no way anyone who has ever been to college would hate investment bankers because you would realize what they contribute to the economy so now we can all tell that your family was too poor and pathetic to send you to college.

>tried to pretend like the picture was straight out his camera with the IMG formatting but its in 480p

well i guess money can't buy intelligence after all