Just so we're all clear on this...Goldman made a whopping $15million on this deal, and the fallout is resulting in a $10BILLION DOLLAR hit to its market value today...because some investor lost money on a reckless trade and is suing to cover its a$$....
Goldman's response:
We're going to see politicians and newspapers engage in some of the most reckless faux-populist uniformed drivel the world has ever seen. In the end, shares will head higher. I just bought a (VERY) small position, and I suggest you do too.
Copyright 2010 AlphaNinja
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