Tuesday, April 27, 2010

Goldman vs Senate, Part 2

Here comes the big shots...

David Viniar, GS's Executive Vice President and CFO,
Craig Broderick, Chief Risk Officer,

Chairman Levin is asking Mr. Viniar whether Goldman had a large short position in 2007. Mr.Viniar tries to answer by saying yes but the firm had a large long position to offset. Levin is not interested in net position, he just wants to know whether the short position was large or not.


Is taking a short position an immoral sin or something?


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