Tuesday, May 31, 2011

Libya Lost $1.3 Billion on Options Trades Done with Goldman Sachs #p2 #tcot

from http://cryptogon.com/?p=22650

"The point to bear in mind, as Mr. Sloan brilliantly makes clear, is that as Goldman was peddling C.M.O.'s, it was also shorting the junk on a titanic scale through index sales — showing, at least to me, how horrible a product it believed it was selling."

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