Fidelity SPDR Advertisement
Home > Boards > Free Zone > User's Groups > Your Economy (No Politics) (YE1)

Goldman Sachs Reveals it Shorted Gulf of Mexico

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Alex G Member Profile
 
Followed By 42
Posts 27,335
Boards Moderated 1
Alias Born 07/08/02
160x600 placeholder
Target again lowered its earnings outlook for the year, still reeling from data breach of its customers' credit and debit card information and slower traffic at its stores. Target also posted a 62% decline in 2Q earnings. Shares fell 1% premarket.
More Top Equities Stories Of The Day
Berkshire Hathaway Continued Investing in Media in 2Q
Tech Stocks Weaken Ahead Of H-P's Earnings
Infineon to Buy International Rectifier for $3 Billion -- 4th Update
U.S. Hot Stocks: Hot Stocks to Watch
Steve Ballmer Steps Down From Microsoft Board -- Update
Alaska Oil Tax Repeal Measure Losing--Update
U.S. Hot Stocks: Hot Stocks to Watch
U.S. Hot Stocks: Hot Stocks to Watch
Alex G   Tuesday, 05/04/10 09:09:48 AM
Re: roguedolphin post# 50062
Post # of 72813 
Goldman Sachs Reveals it Shorted Gulf of Mexico

NEW YORK (The Borowitz Report) - 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!"

The news about Goldman's bet against the Gulf comes on the heels of embarrassing revelations that the firm had taken a short position on Lindsay Lohan's acting career. More here.

http://www.huffingtonpost.com/andy-borowitz/goldman-sachs-reveals-it_b_558774.html

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist