Is goldman a buy here at like 135 for the long term 7-10 years. Is there still a lot of debt that could possibily write down. Even if this 700b deal breaks down whats GS's liquidity status. Someone asked me about their personal portfolio holdings and they had a bunch of citi which they made quite a bit of money on the last few days since they bought it when it cratered. I explained that he is essentially gambeling but if thats what he wanted to do and it diddnt take up to large a percentage of his portfolio I diddnt see a huge proble. His stance is that he plans to hold them long term and he just thinks they are too cheap. (Hes not in the finance industry, just your average citizen) I then told him that I thought GS might be a better long term play esp since buffett took a 5bil stake. He is determined to keep citi but i was wondering how they are doing these days compared to GS. They have seemed to stay out of the press recently with all the other talk about lehman, freddie fannie, merrill etc Main question is, do people finally have a clear picture of what type of assets GS has on their books or is it still very much up in the air ala lehman pre collapse. Ive listened to a lot of conference calls with Loyd Blankfield and generally trust the guy. I havent listened to the most recent one since im been very busy with school and in cash since the dow was at 14000. I figure they are still levered in the 8-12x range? does this sound about right? Bottom line is that I see GS picking up a lot of new M and A and IB business while at the same time recruiting some of the best people on wall street and additionally strenghtining their risk manegment. Also possibly some brokerage accounts. He asked me to tell him if and when to pick up some GS but since im not an expert I wanted to get some other opinions as I have not stayed up to date on their liquidity or writedown issues. And now it looks like this bailout plan is stalled out in washington.