[quote=Bubblesitter][quote=Bubblesitter]Gotta love Goldman Sachs
These guys have been able to hedge their big losses due Mortgage backed securities by shorting Mortgage related securities. These guys new all along that the MBS house of cards was gonna collapse some day. Bravo, well played. Other firms weren’t as savvy.
Well, Well, the true story may be coming out with today’s indictment of Goldman. Likely fraud on a massive scale. Time to short GS?[/quote]
One can’t help but wonder if GS will pull it off and just manage to settle for some paltry amount. IMHO, the world would be a better place without GS, but I have a feeling they have too many friends in high places.
[quote=Bubblesitter][quote=Bubblesitter]Gotta love Goldman Sachs
These guys have been able to hedge their big losses due Mortgage backed securities by shorting Mortgage related securities. These guys new all along that the MBS house of cards was gonna collapse some day. Bravo, well played. Other firms weren’t as savvy.
Well, Well, the true story may be coming out with today’s indictment of Goldman. Likely fraud on a massive scale. Time to short GS?[/quote]
One can’t help but wonder if GS will pull it off and just manage to settle for some paltry amount. IMHO, the world would be a better place without GS, but I have a feeling they have too many friends in high places.
