GS Media Pile On

April 24, 2010

Today its the Yahoo homepage (one of the most widely read ‘things’ in the world).  This interesting thing to note is that the headline is almost tabloidic and isn’t substaniated by the quotes found in the article.  Thats the point of what we here at ANT have been pushing, once the initial shot was fired it was clear that a coordinated (in the loosest most decentralized sense of the word) global ‘pile on’ was about to occur.  When the history of the financial crisis is written there is no doubt here at ANT that GS will be its primary villain, and thats why its time to go short.

Courtesy of Associate Press:

E-mails show Goldman boasting as meltdown unfolds

In e-mails, Goldman Sachs executives boast of profit-taking as housing market collapses

….”Of course we didn’t dodge the mortgage mess,” CEO Lloyd Blankfein wrote in an e-mail dated Nov. 18, 2007, according to the documents released Saturday morning. “We lost money, then made more than we lost because of shorts.”

[IS THAT BOASTING, MORE LIKE A MEASURED STATEMENT OF FACT]

…Goldman Chief Financial Officer David Viniar says that in one day the firm made more than $50 million on bets that the housing market would collapse, according to a statement from Levin’s office.

Tells you what might be happening to people who don’t have the big short,” Viniar writes in the message dated July 25, 2007. Viniar is also scheduled to testify on Tuesday.

[AGAIN, BOASTING? INTERESTING USE OF A PHRASE THAT MIHCAEL LEWIS WOULD LATER PICK UP ON AND MAKE FAMOUS.]

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