Goldman Sachs SHORTED 1 Day Before Gulf Rig “Sinking?”

Goldman Sachs Reveals it Shorted Gulf of Mexico

NEW YORK (The Borowitz Report) – 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.

And, what is this….? http://www.thestreet.com/story/10735330/goldman-emails-boast-of-housing-shorts.html

NEW YORK (AP) — Emails released Saturday morning show top executives at Goldman Sachs(GS) boasting about the money the firm was making as the national housing market collapsed in 2007.

The emails suggest Goldman benefited from its bets that securities backed by subprime mortgages would lose value.

“Of course we didn’t dodge the mortgage mess,” CEO Lloyd Blankfein wrote in an email dated Nov. 18, 2007, according to the emails released Saturday by the Senate’s Permanent Subcommittee on Investigations. “We lost money, then made more than we lost because of shorts.”

10 thoughts on “Goldman Sachs SHORTED 1 Day Before Gulf Rig “Sinking?”

  1. Pingback: Richard Greener: Wall Street v The US Senate: It’s Not A Fair Fight | Custom made suit

  2. I’m not sure I understand this? I have searched the net in trying to come to some kind of understanding. I must be slower than i thought. 😦

  3. Hmmm, I don’t think it is weird at all. I never thought this oil spill was an “accident.” Got to remember, these people will do anything and everything to bring about their agenda: the total destruction of America so it can be rebuilt in THEIR image.

  4. “ACCIDENT ” my ass, kind of like the South KOREAN warship that was “TORPEDOED” a few months back! also happened a week or so after POTUS declared USA would not NUKE anyone If we were attacked. OIL facilities are prime targets, have been for the last hundred years!

    WYATT

  5. Michelle Malkin has written an excellent article entitled “All the President’s Goldman Sachs Men”, exposing how, as she says “his administration is infested with them”. Given that fact plus the agenda of this Fascist-in-Chief, it is not surprising that this incident in the Gulf would just “happen” to occur just after they shorted. Obviously, I don’t believe it was a coincidence.

  6. People, you can bet they will milk this crisis for all they can get by with. I’m jsut speculating heer, but if the spill gets so bad, that the land is not inhatible. Then what? Then you have government moving people all over the place. Look up the plans to depopulate the earth and how the luciferic tree hugging earth worshipping greenie wackos want to set up their utopia.

  7. Redeem, this is a terrible scenerio, I put this up to just see. I dont know what happened which is why I had no real commenting.

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