gs trading soft on the questions by senator carl levin and rising on other senators.
this is not unusual as levin, a harvard grad appears to be the only senator having the experience and mental capacity for understanding the complexity of CDOs
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The best and most logical back and forth between gs cfo and levin right now.
ReplyDeletegs did not go significant short, as per confrontation from levin, said cfo viniar, gs is merely mirroring net long in firm fixed income securities with shorts in mortgages.
the facts stated by gs appears sound and firm. levin is confused at the moment
gs rallying about 3/4 of a point.