Category Archives: Wall Street

Housing prices dip in Q4 2010

January 4, 2011 The WSJ is reporting that Manhattan home sale prices fell in the fourth quarter of 2010, and that the picture is not expected to be brighter in 2011. This comes on the heels of bad nationwide housing … Continue reading

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BPC is the star of Wall Street 2

September 27, 2010 The #1 film at the box office this weekend was “Wall Street: Money Never Sleeps”, the sequel to the Academy Award winning film of 1987, Wall Street. Most of the film was shot in Downtown Manhattan, and … Continue reading

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Lights out for Merrill Lynch

It’s lights out for Merrill Lynch, literally and figuratively. The tower all lit up is the new Goldman Sachs headquarters. To the left is the dark WFC 4, the old location of Merrill Lynch. Bank of America has relocated most … Continue reading

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Some economists say: “Let the housing market fully collapse fast”

September 6, 2010 The New York Times is reporting that some economists think the “delay and pray” tactics of the federal government to prevent foreclosures and housing price reductions is just making the recovery that much further away. They say … Continue reading

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Is this Newport?

September 3, 2010 No one would guess that the country is in a double dip depression from the looks of North Cove. The number of mega-yachts anchored for the Labor Day holiday weekend has to be near record levels. It … Continue reading

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Joke of the day

August 6, 2010 Jay Leno: Giuliani scolded his daughter after shoplifting “You go to Harvard. You don’t start stealing till you go to Wall Street” (more…)

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Why was Pfizer fined four times as much as Goldman Sachs?

Op-Ed August 2, 2010 The recent stock market collapse caused a $37 Trillion decrease in market cap valuation at its peak in 2008, according to Alan Greenspan. This triggered a global depression that persists to this day. Few disagree that … Continue reading

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Better food on the way courtesy of Goldman Sachs

July 28, 2010 (UPDATE) It was confirmed at the CB1 meeting that Danny Meyer is bringing his duo of Shake Shack and Blue Smoke to BPC. In addition, a third Danny Meyer restaurant will open in the location of the … Continue reading

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Goldman Sachs closes the neighborhood gym?

June 5, 2010 The only gym and aerobics facility in Battery Park City not within an apartment building, The New York Sports Club (NYSC) in the Embassy Suites building on Vesey Street adjacent to the new Goldman Sachs headquarters, is … Continue reading

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Did the Daily Show copy BatteryPark.TV?

The May 10th Daily Show on Comedy Central featured a video segment poking fun at the way the TV news covered the false “fat finger” trader rumor. Their choice of segments, including obscure Fox Business footage that BatteryPark.TV first selected, … Continue reading

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Exclusive: Citigroup is considering legal action over false rumors

May 10 BatteryPark.TV has learned that Citigroup has assigned their legal department to collect all of the video and text stories from last week that erroneously linked Citigroup to the “fat finger trader” rumor. Citi is trying to find the … Continue reading

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How network TV spread a false rumor about the collapse of the Dow

May 9th, 2010 On May 6th, 2010, the Dow crashed 1000 points within 20 minutes. As with all unexplained market movements, unsubstantiated rumors popped up to explain the movement. The most sensational one was that a single human was to … Continue reading

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How close are Goldman Sachs and Merrill Lynch?

April 28, 2010 The Senate questioned the CEO of Goldman Sachs and other executives for more than eleven hours on April 27th. The most memorable moment came from Senator Levin using the word “shit” or “shitty” more than a dozen … Continue reading

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Who were the suckers buying the Goldman Sachs junk and why?

Op-Ed  BatteryPark.TV, April 22, 2010 One of the key defenses used by Goldman Sachs in the SEC fraud case is that sophisticated institutional investors purchased the mortgage derivative product it sold, known as Abacus, and should have known better. “Mom … Continue reading

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Goldman Sachs left out of another big deal

March 29, 2010 Fox Business’ Charlie Gasparino is reporting that the U.S. Treasury has specifically excluded Goldman Sachs from one of the biggest equity deals of all time: the sale of Citigroup stock. Morgan Stanley got the lead underwriting deal. … Continue reading

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More bad PR for Goldman Sachs

March 15, 2010 On March 14, 60 Minutes featured the author Michael Lewis and his new book about the collapse of Wall Street due to the subprime mortgage debacle. The video replay can be found here. In the story, the … Continue reading

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Update: Did Goldman Sachs have a favorable article placed in the NY Times?

March 15, 2010 Perhaps related to our story last week about a freelance article in the NY Times that was conspicuously favorable to Goldman Sachs and the “10,000 Company” promise to lend $500 Million to small business, the NY Times … Continue reading

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Did Goldman Sachs have a favorable article placed in the NY Times?

March 11, 2010 The NY Times printed an article on March 10 that was favorable to Goldman Sachs. Any positive article about Goldman Sachs these days is noteworthy. The story, written by Peter Carbonara, mentioned how Goldman was helping small … Continue reading

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Goldman Sachs angering its new neighbors

December 1, 2009 When it rains it pours. In addition to the horrendous bad publicity that Goldman Sachs has endured on the national scene leading to an apology by the CEO, their new several-billion-dollar skyscraper headquarters being completed in Battery … Continue reading

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Good news for the NYC economy soon?

October 14 It is being reported that Wall Street is expected to pay out the largest total in salaries ever: more than $140 Billion. This will, of course, directly impact the struggling NYC economy. (more…)

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