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  Thursday, 20 Jan 2011 | 11:11 AM ET

Goldman Sachs & Pop Psychology

Posted By: Ash Bennington
The Goldman Sachs booth on the floor of the New York Stock Exchange
Getty Images
The Goldman Sachs booth on the floor of the New York Stock Exchange

Goldman Sachsshould forget about the new age pop psychology and instead examine the basic structural elements of their business.

That's Jesse Eisinger basic thesis, posted at ProPublica Goldman's navel gazing notwithstanding, here's the core issue:

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  Thursday, 20 Jan 2011 | 10:09 AM ET

John Kline: Governors Tell Me Obamacare Will Crush Them

Posted By: Lori Ann LaRocco

As expected, House Republicans passed a bill to repeal President Obama’s health care plan by a vote of 245 to 189. Republicans say this vote was a mandate of the American voter.

The bill now goes to the Senate but Majority Leader Harry Reid (D-Nev.) has promised that any attempt to roll back the law would be blocked. The topic of health care is one that not only polarizes politics, but Americans as well.

I decided to speak with Representative John Kline, \(R-MN\) Chairman of the Education and the Workforce Committee. This committee shares jurisdiction over health care reform specifically the employer-sponsored health care plans that cover approximately 170 million Americans. Cost and uncertainty surrounding the bill dominated our conversation.

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  Thursday, 20 Jan 2011 | 9:38 AM ET

The Real Great Depression

Posted By: Nicole Lapin
Image Source | Getty Images

The inalienable right of the “pursuit of happiness” is becoming tougher for most Americans with each passing day. America is no longer the happy country it wants to be.

A Forbes poll has us barely making the top 10 percent when it comes to happiness, in spite of our still dominating prowess on other major indicators. Have we become an unhappy nation, contrary to the ideals we were founded upon? Perhaps. But, it's much more serious than that.

Going through one of the worst economic sagas in US history has thrown the country into two types of depressed states: a financial one and a psychological one.

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  Thursday, 20 Jan 2011 | 8:43 AM ET

Obama's Rating Rise

Posted By: Ash Bennington

Morgan Stanley Beats [CNBC] "Morgan Stanley posted a solid quarterly profit that beat analyst expectations both for revenue and bottom-line, sending shares higher in premarket trading. The Wall Street titan, which had been trampled during the financial crisis, bounced back with a profit of 41 cents a share, ahead of Wall Street expectations for 40 cents, according to Thomson Reuters. The profit was a 60 percent jump over the previous year"

Eisman May Leave FrontPoint [Wall Street Journal] On the flip side of the coin, here's a touch of gray for Morgan Stanley "High-profile hedge-fund manager Steve Eisman is considering leaving his investment firm, a move that would complicate efforts by its owner, Wall Street bank Morgan Stanley, to spin off the business. Mr. Eisman has talked recently with potential investors about managing money for them if he leaves the firm, FrontPoint Partners, according to people familiar with the matter. Since 2004, Mr. Eisman has overseen FrontPoint's wagers on financial-services companies, including a well-known bet against subprime mortgages that earned him and FrontPoint's clients huge profits in 2007. He manages about $1.3 billion at FrontPoint."

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  Thursday, 20 Jan 2011 | 8:39 AM ET

Waking up With Nicole Lapin

Posted By: Nicole Lapin

Happy Friday Eve! I've been up way longer that you, so here's what you missed while you were sleeping and need to know to knock it outta the park today, slugger:

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  Wednesday, 19 Jan 2011 | 6:42 PM ET

Has Goldman Lost its Mojo?

Posted By: Ash Bennington

Hu Jintao Heads to the White House [Wall Street Journal] "President Barack Obama formally welcomed Chinese President Hu Jintao to the White House on Wednesday, with both leaders calling for a renewed effort of cooperation as they embarked on a summit that will help redefine the relationship between the world's longtime superpower and its rising Asian rival."

Today's Afternoon Headlines read like Marsha, Marsha, Marsha—Except It's Goldman, Goldman, Goldman. But hey: How often do you lose $5 Billion in 24 hours?

Felix Salmon Follows up on Goldman Pay [Felix Salmon] Felix Salmon follows up on a DealBook's analysis —which we included in our morning call.

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  Wednesday, 19 Jan 2011 | 3:54 PM ET

Alexandra Lebenthal and Meredith Whitney Square off in Muni Land

Posted By: Ash Bennington
Glow Images | Getty Images

Alexandra Lebenthal and Meredith Whitney are squaring off over municipal bonds.

Both are lovely ladies—and as tempting as it is to strike the cat fight note—there is a substantive story here. \(Note: Lebenthal isn't making the metaphor easy to ignore: She's challenged Whitney—and I quote "on TV [or] outside in the school yard".\)

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  Wednesday, 19 Jan 2011 | 3:30 PM ET

Maybe Goldman Sachs Isn't So Shaken Up By The Facebook Fiasco

Posted By: Kate Kelly

Goldman Sachs earnings calls aren’t known for their levity. But there was a funny moment in this morning’s fourth-quarter investor question-and-answer period with CFO David Viniar.

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  Wednesday, 19 Jan 2011 | 1:56 PM ET

New European Financial Stability Facility Bonds Expected to Yield 70 BPS Over German Bunds

Posted By: Ash Bennington

New EFSF bonds are expected to be priced by investors with a yield 70 basis points above the German sovereign bond.

This is according to a research note by Citi's Peter Goves, as reported by Tracy Alloway in the Financial Times Alphaville .

Goves explains, in an excerpt:

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  Wednesday, 19 Jan 2011 | 1:43 PM ET

Bonus Day Hits Goldman Tomorrow!

Posted By: John Carney

Goldman Sachs is likely to reveal the details of its bonuses to staff tomorrow, according to people at the firm.

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  • Lawrence Develingne

    Lawrence Delevingne is the ‘Big Money’ enterprise reporter for CNBC.com and NetNet.

  • Stephanie Landsman is one of the producers of "Fast Money."

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