Goldman hedge funds smack into wall of worry facefirst

[c1ue]

http://www.metacafe.com/watch/686242...cle_hits_wall/

http://www.marketwatch.com/news/stor...7536F1C1AF5%7D

its Global Equity Opportunities hedge fund, which lost more than $1 billion last week, or about a third of it's value

Goldman GEO: $3.6B to under $2.6B = 28%
Goldman Alpha: -27% as of last week (started with $9B)

http://www.reuters.com/article/banki...41505620070809

And, true to Great Depression form, we have the large investors doubling down:

Goldman Sachs said Monday that it's pumping $2 billion of its own money, along with $1 billion from new investors

New investors joining Goldman in Global Equity Opportunities include C.V. Starr & Co., Perry Capital and Las Angeles investor Eli Broad, among others.

C.V. Starr is an insurer and investment firm run by Maurice "Hank" Greenberg, the former chief executive of insurance giant American International Group.

Our dear SecTreas has his work cut out for him!