E-mails Show Goldman Profits Went Up As Economy Tanked
"We lost money, then made more than we lost because of shorts."
Skip to content, or skip to search.
Skip to content, or skip to search.
"We lost money, then made more than we lost because of shorts."
Apparently, Obama's use of the phrase "financial weapons of mass destruction" set off some whispers in the Goldman seats.
"We weren't consulted about the particular position," spokesman says of Goldman's new adviser.
"In light of recent events involving the firm, we appreciate the support of our clients and shareholders, and the dedication and commitment of our people."
Execs including Blankfein got involved when housing market began to collapse, paper says.
Hell hath no fury like a hedge-fund manager scorned.
The Goldman VP was impressed with himself for figuring out how to game the system with "complex, highly leveraged, exotic trades he created without necessarily understanding all of the implications!"
Says the firm let hedge-funder John Paulson pay them to structure a crappy CDO, then sold it to clients like it was awesome.
But it wasn’t like he didn’t know what was going on, okay?
The furor over Greece is just one of many small panics we can expect to see in the coming years.
politics, business, goldman sachs, media, barack obama, ink-stained wretches, fi-cri fallout, sec, wall street, gossipmonger, early and often, eliot spitzer, fabrice tourre, lloyd blankfein, mayor bloomberg, client 9, john paulson, larry king, the supremes, wall street journal, andrew cuomo, ballsy crime, banks, crime, financial regulation, new york times, oh albany!, chuck schumer, fab fab, iceland, jamie dimon, sarah palin, video, wall street journal new york section, arizona