Biz: Goldman Sachs e-mails: Yeah, we bet against mortgages
- Of course we didn’t dodge the mortgage mess. We lost money, then made more than we lost because of shorts.
- Goldman Sachs CEO Lloyd C. Blankfein • In an e-mail regarding its role in the mortgage crisis. The e-mail, one of many released by the Senate Permanent Subcommittee on Investigations, suggests that the company was betting against the failing housing market and profiting significantly from it – one of the main claims of the SEC’s lawsuit against the investment firm. This could be bad news for Goldman Sachs. source