goldman sachs was down 5.5% in the week. that has to do what was going on with cyprus, but jpmorgan is also down. they lost a little bit of momentum. >> mike points out this shouldn't hurt jpmorgan. that's absolutely right. i think the stupidity is really the exception that proves that rule. >> financials, when we take a look back on this week, we pointed out transports and how it looks like it may be a canary in the coal mine, but financials are pulling back. >> that's actually the exact point. it's not the department of justice we need to worry about. we're looking at financials and transports are the bell weather that's going to turn the other way. it was interesting, with fedex's results, the thing you were basically telling us, there was a lot of cost cutting in europe and in asia, basically people looking for lower cost options. that's not really what you want to hear. you figure if you're in a really strong economic environment, the opposite is what you expect to get. i'd be more concerned about financials for the rea

and it was goldman sachs. the winner is goldman sachs. around. >> insane. >> sorry about that. >> come on. >> i wouldn't catch that -- >> act like you've been there before. >> goldman sachs advances to the next round. thank you, viewers out there for tweeting your responses. as you can see, you really do break the ties here on the desk. >>> let's move to the industrial region based on our votes earlier today, united technology's caterpillar, deere -- >> hold on a second, haven't we killed all the deere? >> deere with an "e." dupont and honeywell beating out the competition, but the battle between valero and transocean will be settled right now. so, again, we go to the left side, my left side of the desk, guy? >> now this is going to fly in the face of what i just said about goldman and aig. valero's had the run and rig has not done a lot, i think 52-week high is 59. that space seems mired in the mud. although head winds have started to come across their bows, i think there's still upside. i've got to go valero, mel. >> how about you, j.j.

morgan stanley and goldman sachs. >> what do you make of it, though? ment standpoint, i've got traders coming through my show every day, talking about goldman. buy goldman, buy jpmorgan, best in breed. best in class. are they right, are they wrong? >> they're not wrong about the companies. the question is what about the stocks? and i think right here one of the concerns has to be is that the federal reserve does not want capital, large amounts of capital coming out of these companies. so you have to be somewhat cautious on those names not because of what they're doing as businesses but from the ability of the money they're earning to come back as shareholders. >> as well scott when i say bye-bye goldman sachs this is the equivalent of saying nouriel roubini is right the end of the world is coming that's why you don't want to own morgan stanley or goldman sachs. within the content of the stress test we're incomp rating the shock that those markets would feel. if you think that's going to occur yes, sir they suffer more than anything else. i don't see tha

just let me remind you something very important from goldman sachs your friends your best friends. sachs banker said in think it was in huffington post that all the french salaries need to be taken down thirty percent so which is absolutely crazy i mean think about that oh i don't think banker there you know to come up you know and say you know oh. only french people routinely enter into people need to work through the person does a sort of crazy why because they're getting inference simply i'm missing greece right you have seen it so in greece also reese have been taken down with thirty percent and this is extremely difficult on top of that we had used to were doing to a french news through the french government and french people who you know the euro did just a bunch of lazy people which is which is totally false which really forms because it was in the business insider a huge piece saying to the french people are the most productive in the world so you can run. so right on an hour on an hour by hour basis productivity in france and as high but you know you mentioned all this actu

morgan and goldman sachs and barclays and royal bank of scotland why are they sniff their weight and coke every morning just to get started to begin their day rampaging through the market stealing people's wealth because they're being treated like rats by the pharmaceutical companies to get them into a state of perpetual larceny and it's working so the other way they do this is they chasing so that's exactly what it sounds like your three tries to say close the rat but never attacks and this is like that h f t the high frequency trading front running the constant front running and front of large trades by the pension funds or the constant front running as professor forgets a said and front of the treasury market in terms of the fed and the open market committee saying so they're constantly front running us chasing us and if they're not doing that they're continuously attacking just scalping scalping scalping we've seen that over and over whether it was the bank of new york mellon scalping every single time you put a trade through their bank they scalp the trillions of dollars in pens

the first rule about goldman sachs is you don't talk about goldman sachs.n a while they let something slip. when i typed in goldman sachs and did my instagram search feed up came these pictures taken by a cocktail wait waitress, she had these lavish pictures and said it was like the golden globes of investment banking. i then knew i had a good story. >> john: what do you think tipped the scales? what do you think made goldman think it's okay to bring back this excessive party? >> two years ago four years ago it was not appropriate. we had just been through the bailouts. goldman sachs was being protested and occupied. >> john: they needed this money for their million dollar bonuses. >> they did needed money. they were cutting way back, including their yearly christmas party, which they canceled. >> john: and boasted of canceling. >> they would have these lavish occasions. they brought in harry connick jr. to play one year, then they canceled it. what tipped the scales this year is they did have this good cart. $2.9 billion in profit. it's four years ago that

morgan, goldman sachs, citigroup... and with options expiration being later today, what you are going to find is if the market does in fact rally, even just a little bit, there is going to be a lot of short-covering going into the close of the market. people that are short options with strikes just above where maybe their stocks are trading, are going to have to cover. so i would look for volume really to pick up if the market continues this uptrend later today. > what is the stock market telling us about the economy? yesterday we had better-than- expected news coming from the labor market. jobs are being added. is that giving a boost to the market? > > you know, all signs point to that we are just in this low- volatility grind upward. i don't think the professional community - traders on the floor, brokers - really think that the economy is on solid footing yet. but, boy, if it does, if we do see a turnaround and gdp does start to pick up, who knows what then? > aren't you one of those traders who is seeing a rotation

morgan stanley and goldman sachs near the bottom.s, including what the bank planned to pay to shareholder, we again saw morgan stanley and goldman sachs near the bottom. jpmorgan chase far behind. the fed said only conditionally approved jpmorgan and goldman sachs because they wanted them to improve the way that they were planning to distribute this capital, because they weren't planning for the risks that were as steep as the fed planned. when you look at numbers, what does that mean? how much of a capital buffer, larry, do banks have in terms of boosting what they have in the portfolios. you look at the list, you see the big banks that have less of an exposure to investment banking or the overall-pro file of the bank. toward the top, faring better and this will bring back the debate as far as should the big banks be broken up? i don't think they should. the bigger you are, the lest investment banking you have the safer the fed says you are. >> this will be a hell of a debate. morgan stanley, goldman sachs, jpmorgan. did they not pr

david: they ditched goldman sachs. they raised $600,000. developed a perfect platform to turn fans of products or artists into effective advertisers. it is called, jamplify. have you heard of this? you will. more than 150 brand have already signed on. the cofounders are joining us next. liz: plus the world car of the year. not just u.s.. david: the world? liz: yes. it has been named, david. the winner is it this one on your screen? david: geraldo likes it. liz: get very deep into this one on the prestigious reward. that is ahead on "after the bell." ♪ . we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ at tyco integrated security, we consider ourselves business to

goldman sachs is taking risk with a public profile.ew york magazine reports for the first time since 2006, goldman partner dinner is back and in early february, the bank held the black tie gala in manhattan for top 450 executives blues guestes with a gourmet dinner followed by a jazz performance. is this type of risk the bank should be taking? kate, to the actual risk first, your take. >> scott, i wouldn't put too much stock into the bar numberes. it is an interesting metric and certainly something that any risk manager or overall manager would look at. it is just one of many metrics a bank looks at where they are exposed. and the size definitely matters. what kind of positions they have on their books matter. it is quite possible that during period they were on the side lines along with other investors. they didn't see investments that they like. not necessarily that they add concerted decision to have risks. i do think the last years are years of transition for goldman sachs which is adapting to dodd-frank. you have been reporting on

now that you got goldman sachs in there, i think you're all right.ou have a floor under the stock. you can probably buy it here. >> all right. time for the buzz kill of the week, and that is the financials. one of the worst performing sectors with names like morgan stanley, goldman sachs and citi all losing ground. do you use this as an opportunity to get in, grasso? >> i think we had an analyst on that said, the biggest exposure you can get is morgan stanley. the least you can get is goldman. it was counter intuitive but you want to play it on that. you want to buy goldman on the dip. >> tim? >> valuation wise, i still like bank of america and one of the big calls this week, a lot of people have said, you don't need major growth. you just need normalization, the balance sheet to continue on. so, there seems to be a lot of momentum in addition to valuation supporting this sector. this, to me, is how you play growth in america and global deflation, which is what i think we have. >> blackstone got whacked this week. just people taking profits on the ba

number one, goldman sachs. cheap, trading at somewhere around 10 pe bu look at revenue growth rate over the last year, 31% eps up at 200%, two other names, kroger and sig -- cigna. you have to model the valuation but then you want to see the turn in the sector. >> i'd be curious to get your opinion on airlines. >> cramer recommending them for the first time ever on his show, bill miller mentioning an airline today on his. people have fallen back into love. >> they look cheap, all 10 pe-ish names. but the growth rate going forward -- >> i do buy that. people are loving the idea that the industry itself is in transformation, the returns on capitals are going to be a step function better than the past. >> what i don't understand, though, is why does it have to come -- why does the next leg have to come from those that have will go laguardiaed? why can't it be the performance of the industrial space, the pharmaceuticals, financials. maybe the others are lagging for a good reason right now, mike. why wouldn't you sa

long, looking to add to the position, just so many out there talking about goldman sachs.t a higher dollar, the first place you look is u.s. financials. when you look at the metrics for the stress test, they're incredibly apocalyptic. i don't see the boogeyman in the room. i think that's one of the reasons goldman sachs is declining on that fear. >> they came out sort of on the low end. >> they did. >> of the large banks that passed the stress test. >> they did. you know, listen, if the metrics were correct and the capital markets would return in essence to where they were. many more, rather beyond goldman sachs would have a rather large problem. >> earlier in the show, we asked you to weigh in, to decide whether the bull or bear won. we've tallied the results. you said mike murphy, the bull, won or debate on yum. >> i think the harlem globetrotters lost one game in their career. this is it. >> he hasn't beaten me yet, but someday. >>> the final trade, when we come back. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves.

goldman sachs, and both of them call the blackberry phone, disappointing.and fix pictures by the time. and geo, he liked it, but i don't think the investors liked it at all. nicole, how bad. nicole: i like the peek feature, but the stock down on a goldman sachs downgrade. cut from neutral to a buy. and after they went from store location to store location and including at&t and the like and best buy and radioshack and revealed a surprising lack of marketing, and position of the product and talked about the fact the location sell through at most locations was less than ten per day, what? that's terrible. stuart: yes. nicole: and this is a stock over the last 26 weeks, let's say roughly six months is up 131%. stuart: now it's at $13 a share, last time i spoke to you, late last week, 16 and change, so it's really coming off there. and nicole, we'll be back on this in a second. and two other names you know making news this morning. increased of foods and basics at dollar general and profits nicely. and that's 4.8%, a healthy gain. as a takeover battle is brewin

it was at goldman sachs that i first figured out how humbling it could be. it just started a year and a half before i got hired. but when one of your ideas went against you, you had to get on the horn and explain either why the person should buy more or whether they had to cut their losses, kind of like what we hear in the lightning round every night, isn't it? that's why we always have to recognize how fallible investments could be and what to do when stocks go against you. i also learned how to cut your losses and when to cut those losses. i had to learn the hard way. most of my clients were business people who didn't know a lot about stocks. they had been entrepreneurs, investors, that kind of thing. i had a real cantankerous client. i had to work hard to get the guy, try to win him over for ages. i told him i would be judicious. he said he didn't want trade. he only wanted long-term investments. at the time, i liked kimberly clark. i told him i thought this would be great. he agreed. almost immediately it went up eight points. i had a winner. so i called

they were down there with goldman sachs and jpmorgan chase.t the federal reserve is on joking to the capital -- objecting to the capital plan process. they didn't like the way the banks were going about their plans. ally financial and bb&t getting rejected the, bb&t did pass the stress test last year. its capital looks solid but the federal reserve is still worried about its balance sheet. bb&t has been on acquisition spree. it bought crump insurance and another bank. federal reserve is being very close to the vest. they're not saying what they did not like in the bb around t plans. the fact you see smaller regionals getting approved is an indication basically the banking sector is healing. what is really interesting too, i've got to tell you, david, the fact that american express, the breaking news here, american express resubmitted their capital plan before the announcement today. what happened was the federal reserve initially rejected american express's dividend hike. they went back and cut it. so they did get approval. that is interesting

goldman sachs passed but not >>> welcome back.of the nation's largest banks passed the fed's stress test with relative ease. courtney reagan is looking at how the big banks are trading in the wake of the results. >> reporter: without a doubt citigroup is the most improved player. shares are up more than 2% since yesterday's results showed just how much the bank shored up its capital position. this year analyst think sti will have no trouble getting approval. two regional banks, bb&t and suntrust surprising analysts with their stress test strength. no news is good news for the regional banks. shares of state street and byn melon moved higher. bank stocks taking it on the chin today are the ones with the biggest capital market businesses as the fed used a severe stress model. one assumption used is the stock drop of 50%, and that hurt the firms that rely mostly on trading. goldman, jpmorgan and morgan stanley. these three came out of the stress test. goldman at the bottom of the heap and goldman sachs shares were sent lower today. t

goldman sachs definitely in front of it.y were on it in november when they upgraded this to the conviction buy list. this stock's made a huge run since then. smart timing to get out, maybe use this as the opportunity to get out. i think on the pullback, there's a reason to maybe want to own this stock going into thursday. >> what kind of pullback are we talking? >> anything close to where it was a month ago, which is just below 14, i think it's a buy. i added some options today in the stock. >> all right. finally piper jaffray downgrades whole foods on a decelerating same store sales trends. >> i think they used this bounce that we've seen from the 83, 83 1/2 up to recent levels. stock had a nice bounce to get their downgrade in. they're playing a little bit of stock market here. yes, the quarter in february was lousy, the stock took a major bath, but you also had a monster volume day on valentine's day. i think it's sort of interesting with the valuation. 25 times forward earnings. it's rich, but if the tape does behave its

goldman sachs calls blackberry's z-10 launch disappointing.s taking a hit as a result today. since blackberry is all in on this launch, should you be out of the stock? we're going to look at both sides of the smart phone's make it or break it moment coming up next. >>> a little bit later talk about early birds. find out why more young people have been buying homes in retirement communities. are these investments that you might want to look at as well? >>> later, ford, here we go again. its add agency in full damage control after a mock-up. brian bell is looking at this for the first time. mock-up art work depicting paris hilton with three kardashian sisters tied up in the trunk of a ford make their way online. how did that even happen? the shocking story coming up. ] it's time for the annual shareholders meeting. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need t

bit of discrepancy between what the federal reserve had required and what jpmorgan as well as goldman sachs were prepared for on that side. we haven't talked to sources about what exactly goldman's issue was. we do know their issues were different here, but they both have to revise those processes by the end of q 3. >> cale lab, thank you. again, bank of america right newt 52-week highs in the after-hours session. >>> it's almost here. in just about an hour, samsung will reveal its much hyped new galaxy s4 here new york city. jon for jon fortt joins us with a preview. >> an hour and a half. thanks to plentiful leaks, the cat is halfway out of the bag. the phone will be able to sense your fingers within an inch of the screen. a way to bringing off preview information without tabbing. the phone looks a lot like the s3, big, gorgeous and much brighter screen. it can pause video when you turn away. three rather mundane things probably more important than the features here. one can samsung use the s4 to create a halo effect, boosting its tablet and tv businesses? that's something apple has been

goldman sachs did it because they thought -- it didn't work out.l took the bail out money. the treasury secretary forced it upon them and the media uncovered the backdoor bail lout. when they bailed out aig -- >> that's the greenburg thing, that it went through. >> gave everybody 100 cents on the dollar. they were made money good by the bailout of aig so it didn't work out. >> neil: fast forward to today. why are some goldman shareholders saying wait a minute, this isn't honkey dorey. >> well, it isn't. they paid up big time. i believe they did it as a ruse. goldman knew that that's -- they were in the best position of any other firm if they could get through the financial crisis and make a lot of money in the new year when interest rates were cut to zero and everybody else was hurting and they were better. they could make a lot of money and guess what they want to do? they want to pay themselves. the use of buffet for goldman sachs to say we weren't bailed out, we deserve the gazillion dollar bonuses. >> neil: it didn't hurt to have his name and c

goldman sachs and j.p. morgan are insolvent the central banks whether it's the fed the e.c.b. or the cock the bank of cyprus are completely insolvent they've got nothing in there but hamster poop there's nothing there and that's why gold silver and bitcoin continue to make new highs but here again you know so only a certain class of people a few regulators and the bankers ever have any of this information about what the true state of the banking system is and that's why we see the pigs and the camels now in america is that you know these sudden panics emerge out of nowhere and it's yes no maybe possibly we may be bankrupt but we're not allowed to tell you because they're secret because if we tell you then well bankers may not show up for the day and there might be a bank if everybody knew what was in this camels and these pigs well you know i mean this is exactly what happened over in the catholic church once one of the priests started settling minors it people hear the truth and now it becomes an endemic it's the same thing with watergate nixon you know the post watergate era

and give me your take on this conditional approval for jpmorgan and goldman sachs. >> we knew there could adjustments there, because actually, the big difference between goldman and jpmorgan chase and the fed was in their assumptions for the pre-provision net revenues. they were closer on what they thought the losses would be on the asset side, but there were some divergences. and we still, apparently, don't have clarity. which is unfortunate. i was hoping having this two-step process with the capital distributions this week, we'd have a clean process, and we don't. so it's evolving. it's getting better, but that does create some uncertainty. clearly, it doesn't take a stress test to know that allied capital, allied bank shouldn't be distributing any capital. bb&t's a little surprising. that's a bank that performed well during the crisis, and from the standpoint of shareholder reforms, has performed well. i'm not sure what's going on there. but it would have been nice to have a little bit of a cleaner process here. i was hoping for that with this two-step new model they were using. >> eve

they actually recently beat goldman sachs, they have a bigger dark pool than goldman sachs. that came in january. rosenblatt securities is providing some of these numbers. this is really interesting the dark pools are now beating the new york stock exchange in terms of average daily trading volume. we're waiting to get it from the nasdaq. i would assume they are beating the nasdaq as well. remember what an exchange does, it matches a buyer and seller of stock. if you are merrill lynch, you send your order flows -- liz: why would i go through barclays versus the new york stock exchange? >> well, it depends on who you are. if you are you, you are going to the new york stock exchange, and you're getting whatever price they print. but if you're a big institution investor, you don't want anybody to know you're trading. so guess what? you send it to credit suisse and guess what? who knows what price they are charging. maybe it is better than what we're getting because not everybody -- it's not sent to one place. this is the problem with the competitiveness of this market. yes, the

goldman sachs as bush wanted to go after saddam, but i think i'd be arrested. think i'd be arrested if i produced false information, and to just say it's a mistake. you know, it a f -- if somebody ran over your 4-year-old, they get out of the car and they go, i'm sorry. a mistake. >> i heard today a former british deputy prime minister john prescott who is tony blair's deputy and britain had the same thing. we were told saddam had weapons of mass destruction. that is why we're taking british troops to war. it was a completely false pretext, and i heard him today saying, well, i changed my mind now. it was a mistakech we shouldn't have done it. it's a bit late, isn't it? late in the day. tony blair is standing by what he did. george bush stands by what he did, but to say simply, well, we got it wrong. if you get a war wrong, what are the repercussions? >> unless there are repercussions, unless we do take blair and bush and cheney and these guys to task right now still. if this doesn't happen, what's the message that future presidents and prime ministers, they ar

goldman sachs however is.u can come in above the 5% that is the real key number which what happened here with goldman sachs. david: gerard, it was just announced within the beltway they will hold these congressional hearings on jpmorgan's whale trade. just a at a time when jpmorgan seems to emerge quite well from all this. was there any indication at all, usually they're behind a step, by a longshot, congress is in the regulatory policies but is there any indication that that whale strayed, as disasterous as it was really interfered with their viability as a bank? >> oh absolutely not. that trade, let's put it in perspective. you have a balance sheet of over $2 trillion and the losses of that ran into billions. the capital of this company is well in excess of 100 billion. not even close to having any sort of going out of business type of situation but it was an embarassment for jpmorgan because they're considered to be one of the best managed banks in the country. liz: is it a little bit of a embarassment, pet

he now will own a lot of goldman sachs stock for nothing. he took a bet during the financial crisis and has, what, 9 million shares now worth about $1 billion. is it time to own goldman sachs stock? > > you know, goldman's a great company. they are kind of the best of the best. it is a great long-term hold, it is a great long-term company. financials have done really well, but if you are going to buy financial, goldman might be the best one to own. maybe j.p. morgan. > ebay has an analyst meeting coming up this week, and already there is a lot of buzz that has been generating on the trading floors. it's a darling on wall street. is this stock a buy? > > i think so. we have seen visa and mastercard, big payment processors, really rally. ebay is less an auction company and more a payment processor, and i love this stock, and personally, i am long it right now via call options. > thank you mark. > > thank you. china's economy may be slowing, but the brakes aren't being applied at caterpillar. the american heavy-equipment manufacturer announced

that means jpmorgan, which is a pretty darn hot stock, morgan stanley and goldman sachs will see a suddenpirit from their businesses. morgan stanley is caught in the hodgepodge. jpmorgan is in very good shape. goldman? they just named this guy as head of mergers and acquisitions. he's got a fresh and aggressive attitude with a global focus. i believe he becomes the rainmaker for goldman sachs going forward. peek under the shroud of dodd/frank. you see investment bankers making money for shareholders without that baggage of used leverage. goldman sachs at ten times a probably way too low 2014 number, it makes sense if they're taking gigantic risks, swinging around billions of their own money, way too low a p/e ratio. sure we want to catch the next takeover if they're coming fast and furious but maybe we should go for the companies that will win most consistently, the fee generating investment banks that i think will crush the earnings estimates during the next reporting period. stick with cramer. zap technology. arrival. with hertz gold plus rewards, you skip the counters, the lines, and t

businesses that are pushing marriage equality include goldman sachs the head of goldman sachs made thisercial last year for the human rights campaign and lgbt advocacy group. let's take a listen. >> i'm lloyd blankfein chairman and ceo of goldman sachs and i support marriage equality. american corporations learned long ago that equality is just goodbyes and it's the right thing to do. >> michael: so when you see that jim does it surprise you that so many corporations are supporting the civil rights issue that are so still politically controversial? >> i think it goes to their workforces, and the equality that they want to offer to everybody. you know, sometimes you say san francisco is a little far left or progressive and off the charts, but what starts or seems to flow east to other companies. levi straws, pg & e and corporations that took the lead locally and encouraged that participation in litigation back in 2007. >> michael: you know progressive that you said a few times now has the word "progress" in it. it's not surprising that things start there and then spread. tell me with all

once goldman sachs took it off the list.see a couple. >>> and also costco with higher than expected quarterly profit. >> can thank rising market shares. who doesn't need a 20-gallon tub of mayonnaise. some have concerns about the margins, more members are paying more. this company has the ability to keep people and members engaged. >>> we have a crash team, is the second worst performer. >> he said there's more sellers than buyers. >> he eats curly fries by the dozens. >> here's why, goldman sachs piling on. >>> don't look for a best buy. >> and it lost half of its value over the past year. >>> this is one of those companies. find a way that's moving. this is an environmental services company. basically as i get it, they get rid of water and treat water for things like fracking. >> they're soaring on good earnings, sales and guidance. sales also -- the stock was way up in 2008, down 22%, so kind of a one-day pop. you can see it's still down. >>> well, blackberry had a huge rally yesterday, but it is down about 4% today. at&t

goldman sachs, they cannot a bank holding company licensed, morgan stanley got a bank holding company licensed. they got immediate access to the fed window. there was an insurance company in hartford that said go out and buy a small bank for $10 million, which they did. they had access to the fed window. aig was denied access to any government-funded. finally, olson calls -- hank paulson calls and says we're going to give you one plan, take it or leave it. this is the second day of the treasury. give you $85 million at 14.5 percentages to anybody who is barred from the fed when it is barring at about one and a half to 2%. and what we want we will take, 79.5% of the equity. of the company. and incidentally you're fired. i'm putting in somebody else. somebody else happened to be ted ligety goes on the goldman board. so he asked to sign the agreement that he had just told about connie said i'm not going to summit, you just fired me. so he signed the agreement, resigned to the board retroactively three days later. i've never heard of the secretary of the treasury in the united states call

what will happen to me when they go down to goldman sachs and find no kids many n the basement? course, you would think i would want to go after goldman sachs as bush wanted to go after saddam. but i think i would be arrested if i produced false information. to say it's a mistake, you know, if somebody ran over your 4-year-old, they get out and go, i'm sorry. mistake. >> i heard tony prescott was told the same thing. we are taking british troops to war. it was a false pretext. i heard him saying i changed my mind. it was a mistake. it's a bit late, isn't it? >> yeah. >> tony blair is standing by what he did. george bush stands by. to say, we got it wrong. if you get a war wrong what are the repercussions. >> unless there are repercussions. unless we take blair, bush, cheney and these guys to task right now still. if this doesn't happen what's the message to future prime ministers and presidents. wow, those guys got away with that. that was a bunch of malarkey. how did they get away with that? i think -- >> it's depressing in iraq. you look at it and see the kurds in the north ha

goldman sachs got -- they -- they got a bank holing liangs, morgan stanley got one, they got media access to the fed window. there was an insurance company in hartford said go out and buy a small bank for $10 million, which they did. they had access. aig was denied access to any government funds. timely, he calls says we're going to give you one plan. take or leave it. this is secretary of treasury calling williams saying give you $85 billion at 14.5% interest. everyone borrowing from the fed window was borrowing at 1.5%-2%, and we want -- we're going to take 79.5% of the equity of the company. incidentally, you're fired. i'm putting in somebody else. somebody else happened to be, on the board, so he asked williams to sign that agreement that he had just told them about. i'm not going to sign it, you just fired me, and so the goldman board signed the agreement, resigned to the goldman board retroactively three days later. now, i never heard of the secretary of the treasury of the united states calling a company ceo and firing him. that's the job of the board of directors. not the secretar

. ♪ >>> goldman sachs gets shot down by the supreme court. >>> goldman sachs gets shot down by the supreme that story and more. >> good evening, larry. the u.s. supreme court refusing to hear an appeal from goldman sachs as the bank tries to thwart a lawsuit. a new york-based court last year ruled the investors could sue even though they didn't invest in a lot of these securities. the supreme court upholding that ruling. goldman stock down $3 a share today. one of the most infamous heart heists may have been solved. they think they know who sold 13 priceless works of arts from boston. that was march 18, 1991, 23 years ago to the day. the fbi is not naming the culprits. offeri offeri offeri offering liency in the art is returned. >>> mayor bloomberg is saying he wants cigarettes to be hidden out of sight. playing our sad violin wall of greats behind the wall. >> it includes cigars and other tobacco products. what is that chewing tobacco or whatever? why should cigars be banished the way cigarettes are? >> mayor bloomberg might not have anything to do. the soda ban is done. the court system

this is started by former goldman sachs executives. ke that clear so goldman can just, in a way keep it in their pants a little bit here. just, they just went --. melissa: making it so much better with that comment. >> since we're talking about, they went off the charts on me. i want to keep that in mind. this is not an affiliated directly. these are former goldman executives. turn to steve cohen. this is interesting case because i would say the street is divided on settlement. $614 million paid by sac capital and one of its affiliates to essentially settle sec charges that the firm, that matthew mart toma and the firm basically considered insiding trading on elon, back in 2008. i'm going to give you a little bit of information which i just found out today. number one, there wasn't like a lot of time for the cohen and sac to respond to a wells notice. that is the official notice that the commission is thinking about charging you. they didn't say and come back here is why you shouldn't charge us. they launched right into settlement negot

i mean, notable goldman sachs and morgan stanley down 2%.ind why they would be reacting somewhat negatively? >> the big brokers, so to speak, jpmorgan included, had perhaps lower than expected stress capital ratios, primarily due to the fed's positioning on what trading losses might be in a worse case scenario. keep in mind we have the whale from jpmorgan in regulator's minds at this point in time. and there could have been some overly conservative adjustments made there. >> so when goldman makes the front page of the financial "times" for its weakness, that is in general terms for investors a concern because it's the ultimate stressed environment in which they don't perform so badly? >> exactly. another way to look at it, they passed with flying colors, but there may be some reduction in the amount of return investors were expecting this year. we'll have to wait and see next week. >> anthony, if it's not a '13 story, how much confident are you that it's a '14 story or '15 stor sni. >> citi is a top pick right now. when you look at their num