In what is looming as another public relations predicament for Goldman Sachs, the banking giant admitted today that it made “a substantial financial bet against the Gulf of Mexico” one day before the sinking of an oil rig in that body of water.
The new revelations came to light after government investigators turned up new emails from Goldman employee Fabrice “Fabulous Fab” Tourre in which he bragged to a girlfriend that the firm was taking a “big short” position on the Gulf.
“One oil rig goes down and we’re going to be rolling in dough,” Mr. Tourre wrote in one email. “Suck it, fishies and birdies!”
Well, that’s just fucking priceless.. And as WFB says, love it or leave it[/quote]
Arraya: I read that article, too, and was howling. Wow. Just wow.
Obama has been handed a gift from the gods. This is a tailor-made opportunity to drive hard on a comprehensive energy program (and one we’ve been promised since the Nixon Administration).
I thought he was going to come up with something good with FinReg, but that’s proving to be a friggin’ joke.
He needs to show his mettle on this Gulf mess, or risk the same sort of PR disaster Dubya had with Katrina (“Heckuva job, Brownie!”).
