Lloyd Blankfein to Face Horde of Angry Nuns at Goldman Shareholder Meeting
And he thought the Senate committee was rough.
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And he thought the Senate committee was rough.
If the Man was looking for a way to hurt Jimmy Cayne, this was the way to do it.
"We lost money, then made more than we lost because of shorts."
Apparently, Obama's use of the phrase "financial weapons of mass destruction" set off some whispers in the Goldman seats.
"We weren't consulted about the particular position," spokesman says of Goldman's new adviser.
That's what some people would like, anyway.
"In light of recent events involving the firm, we appreciate the support of our clients and shareholders, and the dedication and commitment of our people."
Execs including Blankfein got involved when housing market began to collapse, paper says.
Hell hath no fury like a hedge-fund manager scorned.
The Goldman VP was impressed with himself for figuring out how to game the system with "complex, highly leveraged, exotic trades he created without necessarily understanding all of the implications!"
Says the firm let hedge-funder John Paulson pay them to structure a crappy CDO, then sold it to clients like it was awesome.
But it wasn’t like he didn’t know what was going on, okay?
A short vignette from the gargantuan Lehman Brothers bankruptcy report.
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