Lawrence147, Thanks for the post. It has been a while since I read this but this article reconfirms wy GS can get burnt Big-Time if this goes to trail. Settlement or orange jump suits.
"Goldman - which made billions of dollars last year by shorting the subprime mortgage bonds that its bankers were pumping out in volume - seems to have timed its latest calls right. Both the WaMu and Fannie-Freddie short calls have made investors money, as shares in all three companies have since fallen.
Even so, one hedge fund portfolio manager who spoke on condition of anonymity, describes the practice of recommending that clients short sell a stock as "playing with fire." Leave it to Goldman to do so without getting burned - at least not yet."
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