October 8, 2007 (LPAC)-- Goldman Sachs is now the largest hedgefund owner, and is eating all the other bankers, from Merrill Lynch to Bear Stearns.

How did Goldman Sachs do it? With fangs, of course. They will be building their new sky rise lair on Wall Street, where they will over see the blood fest.

Goldman Sachs third-quarter blood count levels soared 79% to almost $2.9 billion after taking positions that rose in value as the price of mortgage-backed securities declined. By contrast, Merrill Lynch, the biggest U.S. brokerage, and Switzerland-based UBS, Europe's largest bank, got lynched. They reported their first quarterly losses in more than 4 1/2 years after mortgage-related writedowns. Bear Stearns, the fifth-largest U.S. securities firm, "posted its biggest earnings drop in a decade." Merrill Lynch lost $4.5 billion on sub-prime and CDOs, and another billion in other markets.

But lets not let them eat our chartered banks, help implement the Homeowners and Bank Protection Act.