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
U.S. Stocks: Futures Rise; Tractor Supply Surges On Upgrade
U.S. stock futures climbed on Thursday, lifted by better-than-expected quarterly results and upbeat eurozone data.
Top Equities Stories Of The Day
Hong Kong Protests Expose Differences in Local Media
Correction to AT&T Earnings Preview Story
Kyle Bass: Still Bullish on GM, Despite Recall Issue -CNBC
Luxembourg Tax Deals Under Pressure
Stifel Financial to Hire Two Former Merrill Lynch Advisers
U.S. Hot Stocks: Hot Stocks to Watch
Polish Regulator Wants Market Newcomer to Buy GE's Local Bank
Citrix Systems Posts Third-Quarter Revenue Below July Projection
Alex G   Tuesday, 05/04/10 09:09:48 AM
Re: roguedolphin post# 50062
Post # of 73197 
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