Do as I say, not as I do. Goldman Sachs secretly bet on housing crash while peddling more than $40 billion in securities backed by at least 200,000 risky home mortgages.
http://www.mcclatchydc.com/227/story/77791.html
".... was buoyed last fall by key federal bailout decisions, at least two of which involved then-Treasury Secretary Henry Paulson, a former Goldman chief executive whose staff at Treasury included several other Goldman alumni.
The firm benefited when Paulson elected not to save rival Lehman Brothers from collapse, and when he organized a massive rescue of tottering global insurer American International Group while in constant telephone contact with Goldman chief Blankfein. With the Federal Reserve Board's blessing, AIG later used $12.9 billion in taxpayers' dollars to pay off every penny it owed Goldman."
Now they are telling that EU will go to 1.5500, could it be that they are secretly buying puts, with 1.3500 strike price, expiring in 4 months, and want these as cheap as possible?
http://www.mcclatchydc.com/227/story/77791.html
".... was buoyed last fall by key federal bailout decisions, at least two of which involved then-Treasury Secretary Henry Paulson, a former Goldman chief executive whose staff at Treasury included several other Goldman alumni.
The firm benefited when Paulson elected not to save rival Lehman Brothers from collapse, and when he organized a massive rescue of tottering global insurer American International Group while in constant telephone contact with Goldman chief Blankfein. With the Federal Reserve Board's blessing, AIG later used $12.9 billion in taxpayers' dollars to pay off every penny it owed Goldman."
Now they are telling that EU will go to 1.5500, could it be that they are secretly buying puts, with 1.3500 strike price, expiring in 4 months, and want these as cheap as possible?