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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Bindare_Dundat on April 25, 2010, 08:55:22 AM
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http://news.yahoo.com/s/ap/20100424/...oldman_sachs_6
NEW YORK – E-mails released Saturday morning show top executives at Goldman Sachs Group Inc. boasting about the money the firm was making as the national housing market collapsed in 2007.
The e-mails suggest Goldman benefited from its bets that securities backed by subprime mortgages would lose value.
"Of course we didn't dodge the mortgage mess," CEO Lloyd Blankfein wrote in an e-mail dated Nov. 18, 2007, according to the e-mails released Saturday by the Senate's Permanent Subcommittee on Investigations. "We lost money, then made more than we lost because of shorts."
Goldman restated its position Saturday that it did not reap huge profit from bets against the market.
(http://d.yimg.com/a/p/rids/20100423/i/r2823060293.jpg?)
Reuters – Goldman Sachs Chief Executive Officer Lloyd Blankfein attends a speech by U.S. President Barack Obama …