Posted on 04/25/2010 5:48:08 PM PDT by kcvl
Goldman Sachs released internal documents over the weekend that it said demonstrated that its subprime mortgage trading reflected prudent risk management rather than speculation.
Days before Lloyd Blankfein, chief executive, is due to appear before the Senate, the embattled bank said it did not “consistently or significantly short” the market for subprime mortgage securities, and any negative positions it had were intended to counterbalance long exposures.
The material, consisting largely of internal e-mail traffic, is meant to refute allegations by a Senate investigation committee, which claimed on Saturday that Goldman had made big profits betting against the mortgage market, which subsequently crashed.
internal e-mails
=
corporate entrails
Goldman also released documents proving that Barack Obama is a Communist, a mulatto, was born illegitimate, is a homosexual, and paid blackmail to Richard Daley to prevent the release of damaging video tapes. White House spokesman, Robert Gibbs, confirmed the accuracy of the documents saying, “ It’s all true! I admit it!”
I find it hard to believe the dimoKKKRATS would cherry pick an email and give it to the press. sarc
I would trust both the Rats and GS about as far as I could throw them.
Goldman Sachs and the Art of Ripping Your Clients’ Faces Off
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