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dmceng

02/04/13 9:01 PM

#383343 RE: Lawrence 147 #383342

Lawrence147

The last sentence is VERY compelling,imo. Especially with one of the foremost litigators in the world going after them now.

Thanks for the post.

Take Care
David
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dugit69

02/04/13 9:18 PM

#383344 RE: Lawrence 147 #383342

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.
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umaw

02/04/13 10:10 PM

#383345 RE: Lawrence 147 #383342

Respectfully, nothing new here! This article is like 5 years old!
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955

02/04/13 10:22 PM

#383346 RE: Lawrence 147 #383342

Oops!

"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."


http://money.cnn.com/2008/04/15/news/companies/boyd_goldman.fortune/index.htm?postversion=2008041604