The bank may not be in financial trouble, but it appears that plenty of Goldman, Sachs & Co. (NYSE:GS) employees are as the bank is reportedly offering loans ranging from "a few thousand dollars to hundreds of thousands," according to a report in The New York Times.
With the economic picture getting cloudier by the day, Goldman staffers (and Wall Street in general) are having their own liquidity crisis, as investments in equities, bonds, hedge funds and private equity all tumble in value. Goldman, in particular, offered its employees the chance to invest in the bank's hedge funds, which was considered a major perk a couple of years ago. Now many of those funds have suffered serious losses, which may be hitting a lot closer to home than Goldman's employees ever dreamed. -
George WhiteSee NY Times story
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