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Goldman Sachs Reveals it Shorted Gulf of Mexico
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Report; Posted on: 2010-05-31 19:33:58 [ Printer friendly / Instant flyer ]
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Move along folks. Nothing to see here...
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.
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News Source: huffington post
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