Goldman the magnificent

Goldman Sachs is an unstoppable beast.

First, they're the #1 investment bank on Wall Street.

Then they navigate the subprime mess with speed and efficiency unheard of in the Street (although the practice of taking the opposite side of the trade .... on their clients, is heard of) and was the only bank with heavy subprime exposure to turn a profit.

Third, all of their alums are heavily court at by their competitors and are turning up in CEO suites everywhere on the Street including Rubin (Citi), Thain (Merrill), Duncan (NYSE), Lampert (next coming of Buffett?).

And this last event is what really pops out at me .... Goldman Sachs' partners helping to play a hand in grabbing back the best player in baseball, A-Rod, from the grasps of Scott Boras and into the hands of the Yankees again.

I think this past quarter has been a great one for GS. Stay tune as I would not be surpise if Goldman somehow rescues the Knicks from being the NBA's black sheep into a powerhouse again by buying out the team from under the Dolan's eyes (Cablevision is a public company and the BoD hates the Dolans), firing Isiah Thomas, jettisoning Marbury, and getting LeBron James in 2009.

New York New York is soon becoming Goldman, Goldman.