Why Goldman Sachs Went From Investing For The Rich To Targeting Everyone

Рет қаралды 4,673,298

5 жыл бұрын

Goldman Sachs, the Wall Street investment bank, has a storied history. Founded by Marcus Goldman 150 years ago, his son Henry revolutionized the industry with company valuations and IPOs. It was the gold standard in investment banking for decades and partners got rich when the company went public. But the firm's reputation took a beating during the financial crisis, eventually leading to one of the most interesting pivots in Wall Street history.
» Subscribe to CNBC: cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC Classic: cnb.cx/SubscribeCNBCclassic
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC News on Twitter: cnb.cx/FollowCNBC
Follow CNBC News on Instagram: cnb.cx/InstagramCNBC
#CNBC
#GoldmanSachs
#WallStreet
How Goldman Sachs Became Wall Street's Most Powerful Investment Bank

Пікірлер: 2 200

@CNBC 5 жыл бұрын

What do you think of Goldman Sachs' strategy?

@aschmoove2006 5 жыл бұрын

Jellapper Lökkäs LOL😂😂😂😂

@trippynfun 5 жыл бұрын

@@Flaakk lol

@genxchas 5 жыл бұрын

Its a strategy that worked to say the least however left a stain

@thanos2170 5 жыл бұрын

Genius

@thanos2170 5 жыл бұрын

Jellapper Lökkäs Salty that you are poor

@jacksonroman1621 Жыл бұрын

What bothers me about this situation is the fact that the news and media are all going about a recession which is understandable due to the war and pandemic but still the same media still publish articles about folks in the same economy pulling off hefty 6figure profit(Averg. 200k in barely 8weeks) in this downtrend how is that possible?

@harrisonmichael5047 Жыл бұрын

I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing! Very inspiring! I love this.

@raychristopher7797 Жыл бұрын

I understand that tomorrow isn't promised to anyone, but investing today is hard for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.?

@harrisonmichael5047 Жыл бұрын

@@raychristopher7797 I invest across the top markets but not by myself though. I follow the guidelines of *PRISCILLA DIANE AIVAZIAN* . you might have heard of her. I can correctly say she's worth her salt as an investment advisor as her diversification skills is top-notch, I say this because I see that in her results as my portfolio grows by averages of 20 to 3O% every month, unlike I can say for my IRA which has just been trudging along. my portfolio just mirrors what she places and not just on some particular industries of my choosing. she gave me that financial freedom I needed

@raychristopher7797 Жыл бұрын

@@harrisonmichael5047 That’s great, your investment advisor must be really good, I have seen testimonies of people using the help of investment advisors in making them more financially stable. Do you mind sharing more info on this person?

@harrisonmichael5047 Жыл бұрын

@@raychristopher7797 look her up on the internet with her name. she's quite popular for her services as she was recently featured on CNN. She can work with anyone irrespective of where you're located

@raychristopher7797 Жыл бұрын

@@harrisonmichael5047 I just looked up this person out of curiosity; surprisingly, she seems proficient. I thought this was just some overrated BS, I appreciate this.

@kimyoung8414 Жыл бұрын

Lynch has mastered what patience looks like. He has stuck to the markets, having a long term view on the markets. This is what I'm struggling to do, trying to learn how to not react to market news about inflation and all. I have currently set aside about $253k to put in the market now that prices are down. Any ideas?

@alexyoung3126 Жыл бұрын

It takes some gut to really remain in the market despite downturns and all. So just find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

@joesphcu8975 Жыл бұрын

I agree. I have pulled in more than $435k since 2020 through my advisor. It pays off more in the long run to just pick quality stocks and ride with those stocks.

@lawerencemiller9720 Жыл бұрын

This is something I've been planning to do for a while now. My portfolio has been falling, and I'm scared, but I know the market always recovers. I wonder if I've been on the right stocks. How do I get in touch with your advisor?

@joesphcu8975 Жыл бұрын

I work with "Helene Claire Johnson". I understand what it's like to see your portfolio going down. I hope the performance improves.

@lawerencemiller9720 Жыл бұрын

I'm grateful to stumble on this convo. out of curiosity I was able to reach her web page on google and email her. I'm hoping she will respond to me shortly.

@1qlues 5 жыл бұрын

I recently found out the real reason why Goldman people go to government. It's because over the many years they have worked at goldman they have built up significant amounts of UNREALISED profits from stock and stock options which is a huge portion of their pay. For the ceo's these unrealised profits are in the hundreds of millions of dollars. When they realise those gains they would normally have to pay tax on that profit. BUT US law says that when you go into government you have to sell any shares that you have of publically traded companies etc because of conflict of interest. The key is that you are forced to sell your shares but it is TAX FREE if you do it because of going to government. This has probably saved these goldman people billions of dollars in tax deductions collectively.

@menthy 5 жыл бұрын

Thank you for this. I am now going to build a portfolio of investments with massive unrealized gains, and then run for mayor or something. Millions in tax savings!!! Yes!!!

@hugonongbri8100 5 жыл бұрын

Thanks for sharing. ..had no idea...so thats why most of the treasury secretaries are from GS 😂😂😅😆

@BigTone999 5 жыл бұрын

Jesus Christ

@lozoft9 5 жыл бұрын

@@menthy That only works with the federal gov't. State gov'ts don't have such sweetheart ethics deals. If you go to work for a state government, you won't get a federal tax write-off and in most cases, neither will you get a state tax writeoff.

@waminette 5 жыл бұрын

That's actually really smart

@Chenny0 5 жыл бұрын

👏 For CNBC for not having ads every 5 minutes

@panchitov12 5 жыл бұрын

Chenny Andy whats an ad ?

@pshivvy4212 5 жыл бұрын

@@panchitov12 That one thing, ya know?

@genxchas 5 жыл бұрын

They own the broadcast no need

@genxchas 5 жыл бұрын

@@actualfactual8737 in 🇺🇸 we say u cant beat em join em 👌😎💰

@OutSideTheBoxFormat 5 жыл бұрын

There's ads on KZfaq?

@DelusionalLogic 4 жыл бұрын

Ahh yes, the 3 groups of people in the world: Millionaires, Billionaires, and Me the consumer.

@siramrit 3 жыл бұрын

lol

@johnnym9498 3 жыл бұрын

You sound like you’re front the left

@loangxuong9863 2 жыл бұрын

wow

@conductingintomfoolery9163 2 жыл бұрын

@@jereflechis4014 pretty true, if you are educated in basic money and economics your not going to be a consumer

@lcmiracle 2 жыл бұрын

@@jasperbudiono295 Incredibly stupid and untrue

@susannnico Жыл бұрын

Venturing into the trading world without the help of a professional trader and expecting profits is like turning water into wine, you would need a miracle, that's why i trade with *ROCHELLE DUNGCA-SCHREIBER* , her skills set is exceptional.

@lailaalfaddil7389 Жыл бұрын

Amazing to see others who trade with *ROCHELLE DUNGCA-SCHREIBER* , I'm currently on my 5th trade with her and my portfolio has grown tremendously.

@gTr4yr4y 5 жыл бұрын

“Goldman Sachs is going from caviar to cheeseburgers.” Thank you for that analogy Mr. Mike Mayo.

@theroyalcrane 5 жыл бұрын

Haha! The Ted Cruz school of food based analogies.

@user-hs2hd7wp9g 5 жыл бұрын

@@actualfactual8737 Rant about that, they don't care, the make 50 times your salary if not more

@bloom6921 5 жыл бұрын

@@simonwilson7581 lol:)

@sammagid8030 5 жыл бұрын

Can i put mayo on cheeseburger?

@theroyalcrane 5 жыл бұрын

@@sammagid8030 It's your burger, put what you like on it.

@kyb3709 5 жыл бұрын

CNBC the real goats for all these informative types of videos recently. Y'all hold this W

@thagoatcryptoNews 5 жыл бұрын

True CNBC doing good things

@skippingrhyme4386 4 жыл бұрын

Idk if they Realise how important this Comment really is. It should be Pinned.....

@Stoneface_ 4 жыл бұрын

KYB I noticed they changed a lot recently. Now they’re making educational videos that matters to the American people instead of the garbage political videos they were making. Great job CNBC.

@SyafriMukhrizal 4 жыл бұрын

Look all of them no work, just sit Bald and fat, thats what they do and you know about that They always give theori and not work, never saw them with worker, they want easy get money Never built anything just sit and roll they money and next time they withdraw with huge invest. Thats what they do, never saw real estate just roll money soo unrealistic theori idiot

@blueoystercultforevs 4 жыл бұрын

This is not an educational video. It's an advertisement for Goldman Sachs.

@markteague8889 5 жыл бұрын

Letting Goldman Sachs play with depository accounts is like letting the foxes into the hen house. Kiss your chickens goodbye! ROTFL

@leonardopurba5140 4 жыл бұрын

Do I really have to kiss my chickens? :(

@jameskresl 4 жыл бұрын

Or just keep your balance under $250k.

@RK831 4 жыл бұрын

That was what Glass-Steagall was for.

@angiesworld8038 3 жыл бұрын

I wish they were responsible for my bank deposits.

@reheyesd8666 4 жыл бұрын

This should be called "How the banking sector owns Governments"

@guruspubichair 3 жыл бұрын

This should be called "How the banking sector owns Governments"

@seandmello3793 3 жыл бұрын

@@guruspubichairvery original!

@cc23001 3 жыл бұрын

China is the other way around.. think that's better?

@aumkarranjanbehura5332 2 жыл бұрын

@@cc23001 Wuma

@tomlxyz 2 жыл бұрын

They don't own it, just influence it, and since 2008 they've lost a lot of influence

@MCorpReview 5 жыл бұрын

Love the part about making money from a fine. Classic

@videodude2010 5 жыл бұрын

CNBC been uploading banger after banger. I’m liking this content!

@annaromulus 5 жыл бұрын

which are your favorites? Suggest please

@Stoneface_ 4 жыл бұрын

Bethlem RomulusDaas Amazon paid zero federal tax

@codelunatic 4 жыл бұрын

worked in their tech division for a few years, actually started my graduate job there the day Lehman Brothers went down.. Have to say great firm, fantastic people... What people keep forgetting is that GS was probably the only big IB that did not require a bailout but was forced to accept one along with the others to stabilize the markets.. They were fantastic risk managers and had already taken a calculated bet against the mortgage markets, the crisis wouldn't have happened if only other banks were that diligent..

@klintsheganaku913 2 жыл бұрын

Goldman received a $10B funds from the Government as part of the TARP, it was not forced to accept any of it, and yes, it did get bailed out, so even though you are here telling us your narrative, that does not make it true. They received these funds from taxpayers pockets as a relief to prevent a systemic financial crisis that they had created, along with other big financial institutions, by committing financial fraud for years and getting rich by defrauding their clients; no one of these principal actors went to jail, instead, part of the relief funds went straight in their pockets as bonuses...

@johnyac60 2 жыл бұрын

@@klintsheganaku913 Paulson literally forced to take the funds? Ha.. cute argument though

@NOName-nn3jv 2 жыл бұрын

So does JP Morgan, they didn't need any bailout either

@onee Жыл бұрын

Ah yes, such an ethical firm that they made half a billion bankrupting Greece.

@zxylo786 9 ай бұрын

@@oneeWho cares about Greece

@n3gi_ 4 жыл бұрын

The Goldman Sachs Ideology: When life gives you lemons, turn them into GOLDEN Lemons!!!!

@DanielPronych 4 жыл бұрын

Yes, for Goldman Sachs? Not necessarily other investors as the primary goal?

@IhaveBigFeet 3 жыл бұрын

More like when life gives you lemons loan those lemons out to your neighbour for exorbitant interest fee then funnel the money back to israel

@williamsmith9921 5 жыл бұрын

One of the conditions for being CEO is that you must be bald or balding. It's naturally the price of doing God's work.

@menthy 5 жыл бұрын

Combing hair is not a profitable activity. These CEO's understand that. Much better to make billions than waste time combing hair.

@yugiohpokemon5285 5 жыл бұрын

William Smith it comes with age the average ceo is about 50

@jen_nice2059 5 жыл бұрын

Make pattern baldness makes you more mature and smart

@552mustang 5 жыл бұрын

William Smith Its true. Alpha male personalities that take risks tend to have higher testosterone and thus DHT. Testosterone levels society wide have been plummeting in the last few decades. This is part of the reason why male pattern baldness isnt as seen in the general populace anymore. Lots of theories as to why the drop, but could be xenoestrogens in the water and food supply from plastics etc. Used to be (when men were men) upto like the mid 80s, MBP went part and parcel with aging. it was basically par for the course for a majority of men.

@markzucc3277 5 жыл бұрын

552mustang no facts to back this up but I want to believe it’s true

@EternalEchoflame 5 жыл бұрын

Loving these CNBC documentaries.

@Shlomoadamov 4 жыл бұрын

Where can I find more like this one?

@RESPINOZA94 5 жыл бұрын

Goldman Sachs #1. The most hated bailout that worked.

@qstunrr 5 жыл бұрын

Key word: it worked. But no one seems to get that

@nicksullivan4203 4 жыл бұрын

Ya man it seem like every one hates the bailout but it did work. I read "Firefighting The financial crisis and its lessons" which was written by a financial advisor under bush, one under obama and another independent and it was pretty interesting. Would Recommend.

@belowaverageluke1369 5 жыл бұрын

Legend has it that Goldman sachs is still alive today.

@_ABDUL-RAHIM. 5 жыл бұрын

@@actualfactual8737 what if this thing was actually one of the reasons why hitler caused holocaust back then ?

@skippingrhyme4386 4 жыл бұрын

@@actualfactual8737 Very true, but Just like the Medical I formation we got From Nazi Germany it's a Vital part of the Modern Day.......

@HankTheTank23 4 жыл бұрын

Goldman Sachs isn't a person...

@christiangallagher8856 3 жыл бұрын

“Goldman Sachs is going from caviar to cheeseburgers.” Thank you for that analogy Mr. Mike Mayo.

@ClxTablet-pv5hi 9 ай бұрын

I sure hope he's with devil trying to steel

@amazoidal 5 жыл бұрын

Interestingly, after the Bailout and Recession, Lloyd and his friend Jamie Dimon, went from Millionaires to Billionaires. Doing God's work, of course.

@dennisp8520 5 жыл бұрын

Honestly, I hate banks, I don't want to give names of the ones I have used. However, I started with a small bank and they sucked because they never worked. I used a big bank and they have tons of fees. There is no winning as a consumer. Unless you have money of course. Sadly you need banks to get paid no one pays cash. I hope one day we can get paid in cryptocurrency to avoid the bureaucracy of it all.

@tristan2338 5 жыл бұрын

Lmaoooo

@lnhart7157 5 жыл бұрын

You know that Jamie Dimons bank didn't need or want the bailouts? And also paid them back with interest to the government?

@amazoidal 5 жыл бұрын

Loan me the money and I will pay it back also.

@traplover6357 5 жыл бұрын

@@dennisp8520 credit unions are the best way so far.

@akj3344 4 жыл бұрын

The closing line of these video is fire. These guys are truly the smartest guys in the room.

@dumisanitsotetsi2272 3 жыл бұрын

The CEO is a part time DJ. My Fav.

@thecapone45 4 жыл бұрын

Man. These videos are actually really well done. I’m impressed!

@hipolitoreyes5579 5 жыл бұрын

Welcome to the World of Banking, where you can turn a fine into a Profit 😂

@hlboerr 5 жыл бұрын

paid 7 billion in fines, which 1 billion was in crappy mortgages, which 70% of that billion was to consumer relief. yeah so great world of banking

@nicksullivan4203 4 жыл бұрын

It wasn't a fine. It was a required investment. So its pretty clear how you can make a profit off it.

@hakshustletv 4 жыл бұрын

Lol even if you hate them come on now, we have to give them fellas some credit, they're damn smart😂😂

@ryannayr140 4 жыл бұрын

Why should they have been fined? They made a risky bet and won. The people that should be fined are the people making a risky bet and know that they're too big to fail.

@socrates_the_great6209 3 жыл бұрын

Greed, Greed

@alexknox1596 3 жыл бұрын

loved the looks CEO of Goldman's was getting when recommending the bail out, says more than words can!!!

@Keyboardscholar 5 жыл бұрын

I love all CNBC's videos about banks. Please keep them coming!

@tinniefresheats888 4 жыл бұрын

How come they don't teach these classes in High School???

@leoramirez3146 4 жыл бұрын

Cux they want to keep u poor. But us up to u to be more like a lion.

@gregorychristine9972 3 жыл бұрын

Success is not final; failure is not fatal: it is the courage to continue that counts. Business opportunities are like buses, there’s always another one coming.

@russellnuhkaser7164 3 жыл бұрын

Truth, it is really profitable as an investment.

@elijahisabella6781 3 жыл бұрын

It’s fortunate that many of us are still confused about crypto currency while others are busy earning from it

@luciabvxharder4669 3 жыл бұрын

@@elijahisabella6781 Is never stressful when you're guided by a pro

@justinpamela7184 3 жыл бұрын

I remember friends calling me crazy when I started investing in bitcoin now I shut them up with my 4 figures weekly returns.

@richardbeen6545 3 жыл бұрын

Thanks so much to Ma'am Diana Lucy for introducing and making me believe in crypto

@arashkborzoo 5 жыл бұрын

I love these CNBC documentaries

@eckmann88 5 жыл бұрын

Goldman’s CEO DJ’ing just makes me think he’s the business equivalent of Amy Poehler’s “cool mom” in Mean Girls.

@JK-gu3tl 4 жыл бұрын

When Hank Paulson became Treasury Sec., he was able to cash in on his GS equity w/o having to pay tax.

@tarshun 3 жыл бұрын

Yes and Gary Cohn did the same after leaving GS and working as Trump’s Chief Economic Advisor. I think he capitalized on both opps by paying low/no taxes and leaving the Trump Admin when he did...👀🤑

@aviralsingh002 3 жыл бұрын

The background music is killing it, just like Goldman!

@KonkelVonk 5 жыл бұрын

That rise from 2008 during the crash to 2009 with the big hike in that net income chart is your bailout tax money people.

@TheRealHarsjan 5 жыл бұрын

Criteria for CEO of Goldman Sachs: Don't have hair on your head.

@tantiwahopak101 5 жыл бұрын

That's racist!

@aadhithanu9070 5 жыл бұрын

That's Hairist

@lencymuna465 4 жыл бұрын

@@aadhithanu9070 lol

@roryboytube 4 жыл бұрын

Gary Cohan went from Gold to Bald in just a few years

@user-iv6og5iv7w 3 жыл бұрын

GOT7 “Breath (넌 날 숨 쉬게 해)” M/V 2000만뷰 돌파! 아가새 아름다워 그 무엇보다💚 GOT7 “Breath” M/V hits 20 million views! I GOT7 are beautiful more than anything else💚 kzfaq.info/get/bejne/nZuZl82py5rOeH0.html #GOT7 #갓세븐 @GOT7Official #IGOT7 #아가새 #GOT7_BreathofLove_LastPiece #GOT7_Breath #GOT7_LASTPIECE

@amanapart7466 5 жыл бұрын

These "people" have the entire US finance system in their hands.

@lucaliberati5807 5 жыл бұрын

And Europe and about 40 countries too !

@funnyhomemadefilms4145 3 жыл бұрын

That's why you folks should be supporting communism

@toesucker863 3 жыл бұрын

@@funnyhomemadefilms4145 national socialism

@tongkatali7643 5 жыл бұрын

From Investment Banking to Retail Banking. A true diversification

@geocyo8835 4 жыл бұрын

1:07 I can't believe they are eating caviar with a metal spoon. Philistines.

@a7dfj8aerj 4 жыл бұрын

Thanks for reminding me how poor i am not to even know there are caviar spoons for that

@TheBOMMShow 3 жыл бұрын

THAT BEAT IN THE BEGINNING GOES HARD!!!!!

@chrisgitonga4850 4 жыл бұрын

The CEO is a part time Dj🤣

@georgejaneiro4970 5 жыл бұрын

"To Targeting Congress, The Treasury, and No-Strings-Attached Backdoor Bailouts". There, I fixed it for you.

@kfcthanksgiving 5 жыл бұрын

George Janeiro no-strings-attaches bailouts? They paid back the entire sum with interest. It wasn’t just a free handout

@georgejaneiro4970 5 жыл бұрын

@@kfcthanksgiving Every bankster apologists' go-to response: "but they paid it back, with interest!" A) they never "paid back" the damage they did to tens of millions of Americans; B) the interest should have been 30-40 points higher; and C) there's no way to pay back the future damage from the moral hazard of letting the banksters know they'll always be bailed out.

@dylanf3108 5 жыл бұрын

The bailout was a loan meaning they had to pay interest back which they did. There weren’t no strings.

@georgejaneiro4970 5 жыл бұрын

@@dylanf3108 yeah, it was a loan, which is why they called it a loan, oh, wait, nooo, they called it a BAILOUT, because we bailed out bankrupt banksters.

@user-ir4pj9pn2c 3 жыл бұрын

This has been the greatest thing that has ever happen, thanks For your testimonies it has helped a lot

@user-ir4pj9pn2c 3 жыл бұрын

Our last trade was amazing

@gideonmoses9706 3 жыл бұрын

Hello,I'm new to forex and I have been making huge loses but recently I see a lot of people earning from it,can someone please tell me what I'm doing wrong

@jacksonmoses2379 3 жыл бұрын

Hello,I'm new to forex and I have been making huge loses but recently I see a lot of people earning from it,can someone please tell me what I'm doing wrong

@gideonmoses9706 3 жыл бұрын

How can I get started earning from bitcoin

@francesallthom1933 3 жыл бұрын

I don’t think it’s easy to get a legit manager at this time

@AZOffRoadster 5 жыл бұрын

Pure Evil. Just watch for GSCO on your level II screen and you can observe them doing evil things. Jail everyone there and break it into a dozen new banks. Put some REAL rules in place, and actually ENFORCE them. No more slap on the wrist fines, imprison those in charge.

@superqaxclub 5 жыл бұрын

And that's why Apple choose them for Apple Card

@johnmoore1495 4 жыл бұрын

I just applied for it today and got a $7,000 credit limit and I'm still in college lmao.

@aleydrus8067 4 жыл бұрын

@@johnmoore1495 Awesome. Goldman sachs loves you for giving them your money.

@johnmoore1495 4 жыл бұрын

aleydrus I barely use my cards. I just keep opening them up so later down the road I have a long credit history.

@anonymjin3278 4 жыл бұрын

John Moore Smart

@lefthanded5473 4 жыл бұрын

John Moore $7,000 for limit in college, you probably got some loaded parents co-signing you.

@neves69 4 жыл бұрын

This was serious quality.

@Tom-np7ct 4 жыл бұрын

This is great, CNBC is the only place that provides a true and detailed history of companies like this one. Anywhere else, the story of the company is manipulated to support a point of view.

@junesilvermanb2979 4 жыл бұрын

en.m.wikipedia.org/wiki/CNBC

@leem.5917 2 жыл бұрын

Oh wow blindly following an MSM ? You can always do better

@austinhorton6350 5 жыл бұрын

7:42 Might want to charge your phone

@Mullet-ZubazPants 3 жыл бұрын

1:09 "Vampire Squid" is the handle Matt Taibbi gave them in his Rolling Stone article. It's a good read, I recommend

@zoecarlibur 4 жыл бұрын

CNBC is doing really great. I'm loving it.

@umarlawal7695 3 жыл бұрын

Investment is the stepping stones for success. Waiting for the government to provide is total waste

@faithmathew1821 3 жыл бұрын

Miss Anna is legit and her method works like magic I keep on earning every single week with her new strategy..

@maryamumar7835 3 жыл бұрын

Miss Anna have been handling my account for years now..

@nmarkert01 3 жыл бұрын

They constantly send me offers thats like 2-3 times the rate of most personal loan offers I get. 😂🤷🏻‍♂️

@user-mq3ts7lr9l 5 жыл бұрын

How trading division made money during the crisis? As the story goes from KZfaq documentaries and the big short movie.... Derivatives, in English, bets. They made bets at the 10th hour that the housing market would crumble, repackaged & sold investments that they had on hand linked to the housing market to unwitting clients, and then what they couldnt sell... Well they had AIG insure the downside of the investments left which were linked to the housing market, and when it crumbled, they made a killing. Meanwhile clients who bought advice from them were advised to do the opposite... and obviously they charged the clients for that advice.

@JK-gu3tl 5 жыл бұрын

There's a reason why Matt Taibibi called them a Vampire Squid.

@yugiohpokemon5285 5 жыл бұрын

Jay K you are aware that many big investors didn’t know that the bonds were bad there was only a handful of people who knew about that

@user-mq3ts7lr9l 5 жыл бұрын

Thing is, I'm not sold on the idea that a handful of people caused the markets to inflate with nothing. Even though the fact that ratings agencies gave stellar ratings on these products, which is VERY suspicious... I think we should also consider 1. greed/desperation and 2. group psychology of investors. 1. Many people who end up with nothing in pyramid schemes are not clueless about the fact that they could lose everything, they are well aware that it is too good to be true, they can tell you exactly what the sales man said the first time that sounded like flying cows. But out of desperation or greed, they join anyway. It's like when the sales man says high risk, high reward, the former falls on deaf ears. 2. I think investors bought into the property gospel, the you can never go wrong with X type of financial religion, to that effect, wilful mass ignorance, I can believe that they chose not to know. but then, those are my thoughts.

@rudaguimaraes9 5 жыл бұрын

Jay K the Great Depression was followed by a great increase in monetary supply by the federal reserve. Of course everyone is going to make bad and riskier investments, the whole market is distorted.

@mcapps1 5 жыл бұрын

Satan is the one who would charge you for buying AND selling.

@blahblah55237 4 жыл бұрын

How appropriate that there is a gangsta rap beat to introduce GS in this video. Because everyone know Goldman is gangsta.

@slowmopoke 5 жыл бұрын

Marcus Goldman was born Mark Goldmann ] His family was Ashkenazi Jewish. His paternal grandfather was called Jonathan Marx

@DivineFrag 5 жыл бұрын

It's still kinda funny how Goldman has maintained the image of having the most successful traders when the numbers clearly don't support this statement.

@fairysox221 5 жыл бұрын

I love the punishment 18:44 , its like "Timmy, go to your room.." when that's where all Timmy's toys are.

@jamesjackson9331 4 жыл бұрын

Great video, very clear and doesn't seem biased

@tinniefresheats888 4 жыл бұрын

Great way to do a story about Goldman Sachs by CNBC.

@sejungsong 5 жыл бұрын

When I see the thumbnail of CNBC, I always think it's Huawei. You guys are really competing on brand recognition with that logo.

@Rakion09214 5 жыл бұрын

It's been NBC's logo since before Huawei was a company.

@sejungsong 5 жыл бұрын

@@Rakion09214 I know that's why it's interesting to see my friends and myself to associate that logo with another company more often recently.

@dadude4960 4 жыл бұрын

up with you!

@yuchenchen8012 4 жыл бұрын

@@sejungsong Well, no American is gonna associate the logo with Huawei. NBC is many times older than Huawei and I highly doubt NBC worries about logo recognition in its news market.

@marcuswilliam8856 3 жыл бұрын

Thanks for the comments! don't forget to hit the subscribe button +1>9>37>9>30>5 WASP

@sanketmarutiraosonawane9519 4 жыл бұрын

Really interesting journey of GS. Curious to know about its future path.

@LMays-cu2hp 3 жыл бұрын

Thank you for sharing.

@stevecole9422 5 жыл бұрын

A DJ CEO, that alone makes me want to run away from doing any business.

@rud 5 жыл бұрын

Apple card: "Variable APRs range from 13.24% to 24.24% based on creditworthiness." Didn't realize that running a credit on a credit card was that expensive. Think I will continue to pay everything in full every month.

@dm2060 3 жыл бұрын

There's no interest of you pay your bill on time.

@Leonardo-jj5co 4 жыл бұрын

1:15 this dude just called me cheeseburger and im not offended

@smallrossy 4 жыл бұрын

Mike Mayo talking about cheese burgers, i love this

@stefanluginger3682 4 жыл бұрын

They are from Bavaria? That’s what I guessed with that names. Goldmann und Sachs. 🤔 Incredible there were two wars between the countries.

@ferm65 5 жыл бұрын

Please do another video on Citibank or Morgan Stanley.

@gulpbiys5705 2 жыл бұрын

kzfaq.info/get/bejne/qbN3ZNGdts-Zkps.html ,

@mikerobertson6346 3 жыл бұрын

*Friends I'm not telling you to resign from Your Job or abandon Your business, I'm telling you to create another source of income.....BE wise*

@jenniferlopezs9995 3 жыл бұрын

Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today

@louisanderson2423 3 жыл бұрын

Most intelligent words I've heard.

@davidmiller2318 3 жыл бұрын

Crypto is the new gold

@derickmacall2541 3 жыл бұрын

I wanted to trade Crypto but got discouraged by the fluctuations in price

@christinedaniel5311 3 жыл бұрын

@prosper That won't bother you if you trade with a professional like Mr Barry Silbert

@MrAlexLowen 3 жыл бұрын

Very informative, thank you

@markconradomail4496 3 жыл бұрын

I feel a bit smarter now bout bankings. Thanks

@kennedytorerit3690 5 жыл бұрын

The CNBC logo is like Huawei logo.

@Motiontalktv 5 жыл бұрын

PhDs we locked in a cage somewhere 😂

@KevinJohnson-cv2no 4 жыл бұрын

It's funny because it's an oxymoron. Goldman is known for being "the smartest shop on the block" and having the most competitive talents and minds under it's wing. It's like Einstein saying "yeah I just beat up some nerd to discover E=MC squared"

@TommyCarstensen 4 жыл бұрын

It's Sue Herrera from Nightly Business Report at 9:49 :-) I love her and Bill and NBR :-)

@domingodeanda233 4 жыл бұрын

Happy new year!

@Augustus98 5 жыл бұрын

Now do a video on JP Morgan chase

@XCoreSol 5 жыл бұрын

kzfaq.info/get/bejne/bLiSZbektNOXe6s.html They did that already

@jorgehdz2030 5 жыл бұрын

Also a video of blackrock

@yugiohpokemon5285 5 жыл бұрын

Aakash Bose J.P. Morgan is a good bank

@RONNYfromOZ 5 жыл бұрын

@@yugiohpokemon5285 no such thing as a good bank

@yugiohpokemon5285 5 жыл бұрын

RONNYfromOZ so where would you get a loan for a business?

@auro1986 5 жыл бұрын

this is what happens when you complicate things to cheat people

@3883melange 2 жыл бұрын

So incredible!!

@esq.m7076 3 жыл бұрын

Risk Management is a global pre-need and synergistic reality ... to everyone in business ❤️👍🏼

@RE2PECT 5 жыл бұрын

Apple + Goldman Ballsack = taking over the world one iPhone at a time

@AdamSmith-gs2dv 5 жыл бұрын

What? Only 20% of the world uses iPhones

@RE2PECT 5 жыл бұрын

Adam Smith I’m talking about their new credit card with apple....

@davidkarin3443 5 жыл бұрын

I’m so happy I own stock in both companies, they just make me money

@davidkarin3443 5 жыл бұрын

John Marsh my portfolio says otheriwse

@LOSTGAM3R 5 жыл бұрын

Actual Factual... you know Jews have the highest average IQ, right?

@ohcrapitsmrG 4 жыл бұрын

GS isnt like silicon valley. GS knows how to interept the law funny and has people in power to give them a break. More like legal gangsters.

@brandonsimpson90 4 жыл бұрын

when you have that many people working towards one goal yeah you would obviously get the results they have.

@leefarrier9728 3 жыл бұрын

Banks take your money and reinvest it they don’t just have the money sitting there 😂😂😂😂

@davidhidalgo8465 4 жыл бұрын

I’m locked in on some CD’s with Goldman Sachs. Very easy to use and has been a good bank for me so far, and I’m not rich (yet)

@ThePiinkcoco 4 жыл бұрын

I like caviar on my cheeseburger though

@kevind97 5 жыл бұрын

I'm not going to say what I think about every video (that y'all are great); instead, I'm going to say that CNBC is staying true to their viewers. What do I mean that? I use to watch Business Insider for their reports on businesses and random topics they deemed were popular for the new population on KZfaq. However, they have slowly transitioned away from good content to clickbait, which they are great at. Nevertheless, CNBC is staying true to its brand and providing us with great reports on companies and current events. Props to the team that does KZfaq videos. I can't wait to watch and learn more.

@hugonongbri8100 5 жыл бұрын

Bloomberg has been putting out great content check them out

@marcuswilliam8856 3 жыл бұрын

Thanks for the comments! don't forget to hit the subscribe button +1>9>37>9>30>5 WASP

@rebekahwhite2939 2 жыл бұрын

"To forget would be not only dangerous but offensive; to forget the dead would be akin to killing them a second time." -Elie Wiesel Yom HaShoah begins at sundown tonight. Please join me in pausing and remembering the six million Jewish lives lost during the Holocaust. Let us honor their memory and keep them in our hearts. #NeverForget #NeverAgain Some of my Dad Fred White's family members died in the Holocaust in Europe When I know about what my Dad Fred White has lived through in the 1920s and 1930s and 1940s and 1950s and 1960s it gives me a different perspective and I realize how much easier my life is compared to what my Dad Fred White lived through

@Rade34 3 жыл бұрын

I loved the intro And This is not my first time

@TheFinancialController 4 жыл бұрын

“Too big to fail” describes GS’s bonus scheme!

@604pmei 5 жыл бұрын

Senior management was unaware of the activity going on in the company..its not like they're stupid or anything.

@allanjasonmburu2186 3 жыл бұрын

awesome quality content cnbc

@thugfragility 3 жыл бұрын

My very first credit card I got two years ago was from Goldman Sachs, via Apple. And I love it. So damn convenience to never have to carry a wallet ever again. My Apple card is still in the case it came in.

@MrSibilings 4 жыл бұрын

"They were making business with Millionaires, Billionaires and now they want to do business with you - The consumers" OOPS

@MrSibilings 3 жыл бұрын

@@marydavis841 Whats GS? And what is the issue with pushing the need for face masks?

@debaterofeverythingpresent2775 5 жыл бұрын

3:52 Joined as an assistant janitor. That promotional ladder though.

@hugonongbri8100 5 жыл бұрын

Got those gains bro 😂😂😂😂

@lorenzoburton3974 5 жыл бұрын

Very informative

@mohammadmousa9797 3 жыл бұрын

Wow... this big big big game, I liked

@whatsapp4947 3 жыл бұрын

Why are most person being dodgy about how they made money in 2020? We all know what's been buzzing for months now, so why the dribbles.

@George-jd8qc 3 жыл бұрын

Trust me anyone watching this right now is in search for innovation that will change the way we work,and only the new age dream traders are willing to share and not dribble.

@alzard5858 3 жыл бұрын

Do you trade? Because some of these dream traders are like ghosts, really good but almost unreachable.

@George-jd8qc 3 жыл бұрын

@@alzard5858 of course, most of these experts are obviously running a decentralized system with new tech, they're only willing to talk to who is ready, I know a guy tho.

@George-jd8qc 3 жыл бұрын

"Consultant.eltonstephens1"(a)..(G)////ma:::il!!!. (c"(o)"m"....''!!!!)

@alacer8633 3 жыл бұрын

Meet some buddies some days ago saying"if you have your savings in Bitcoin your going to be in trouble when the central governments outlaw it....I guess I would be better suited in gold and US treasuries.