The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 17 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Hayes: David Solomon Was Told to Shut Down Marcus or Resign
“DJ D Sol was told to shut down Marcus and Consumer, or get out of the job. So he cut all of Marcus except for savings.”
Shkreli: Prime brokers rely on Ken Griffin as Wall Street's liquidity backstop
“The prime brokers, the Goldman's and Bank of America's, they do so much business with Citadel, and they've done this before where they know who to go to, just the same way the US government went to Warren Buffett when they wanted to shore up Goldman. They know…”
Coogan: SpaceX is hiring BofA, Goldman, JPMorgan, and Morgan Stanley for IPO
“SpaceX is set to hire Bank of America, Goldman Sachs, JP Morgan, Morgan Stanley to lead its IPO.”
Dixon: Blockchains solve political trust problems preventing bank coordination
“There's a lot of interest from the banks to think about ways to use blockchains to create essentially marketplaces there, you know, maybe permissioned marketplaces where only kind of certain participants can participate. For them, the benefit is, you know, why…”
Housel: High IQ and exhaustive due diligence increase risk of self-delusion
“The harder you work at something, the more opportunities you have to fool yourself. So if you're very smart and you have a one 40 IQ and you went to Harvard and you work at Goldman Sachs and you spend six months doing due diligence on this deal, you are going …”
Hayes: Goldman Sachs Failed at Marcus Because It Is Transactional
“GS effed up because it's a transactional org, not a longitudinal org, and really thought they were smarter. But never focused on the fundamentals of running the business.”
Coogan: Goldman Sachs Lost $1B on Apple Card and $3B on Consumer Banking
“Goldman is like, we got to get this off our balance sheet. They've already lost a billion dollars. Their consumer bank overall, which includes Marcus has lost three billion.”
Coogan: Banks Rejected Apple's Unprofitable Card Terms Before Goldman Sachs Accepted
“The whole reason why they jumped at the opportunity to work with Apple, and they kind of bent over backwards because Apple had tried this with, they'd went to a whole bunch of other banks, remember going back to Capital One and every bank had said like, now, a…”
Coogan: JPMorgan Is Buying $20B Apple Card Debt at $1B Discount
“There's a little bit of both the twenty billion dollar card balances. That's trading JP Morgan's acquiring that at a one billion dollar discount instead of an eight percent premium, you would expect that they would pay 21.6. They're actually paying 19 for this…”
Dr. Drew: Goldman contemplated $30M check for zero-revenue drdrew.com
“The day the Nasdaq fell apart. The day we were sitting in Goldman Sachs and the woman across the table was contemplating giving us thirty million dollars on a hundred and ten million dollar valuation for a company that had never made a penny.”
Giffon: Pure alpha-focused investment firms cannot scale into giant institutions
“Your business can only really get so big if you're actually in the business of like true alpha outperformance, you can't, you know, build the JP Morgan or Goldman Sachs or something.”
Coogan: Goldman Sachs won lead left role over Morgan Stanley for SpaceX IPO
“Incredible that Goldman beat out Morgan Stanley for the SpaceX IPO, left lead left. Given that Michael Grimes returned to Morgan Stanley in part for this deal, of course, Morgan Stanley is on the deal but that is it is a big win for Goldman that DJ SpaceX is a…”
Coogan: Apple required all Apple Card statements to generate on month's first
“And that's not rocket science, but Apple also wanted another consumer friendly feature. They wanted all of the bills to drop on the first of the month, every month. And normally credit cards will stagger it out.”
Major Banks Offer 60% Valuation Buyouts for Government Appointees' Illiquid Shares
“I did hear a incredible financial innovation. I think it's from JP Morgan or Goldman is one of those two. They offer a service where if you're taking a government post and you need to divest assets, they will basically buy it at like 60% of like the last mark.”
Coogan: Apple Card Program Is Moving From Goldman Sachs to JPMorgan
“The Apple Card program is moving from Goldman Sachs to JP Morgan.”
Goldman Sachs offered pre-revenue DrDrew.com a $110M valuation in 2000
“We were sitting in Goldman Sachs, and the woman across the table was contemplating giving us thirty million dollars on a hundred and ten million dollar valuation for a company that had never made a penny.”
Coogan: Goldman Sachs Estimates Big Tech Will Spend $1T on Capex
“Goldman Sachs has estimated that all the American tech giants collectively will spend an estimated one trillion on capital expenditures in the next
And so, that will include large outlays on data centers, chips, and power, and the power grid.”