http://www.mcclatchydc.com/2010/06/29/96779/goldman-admits-it-had-bigger-role.html#ixzz0sMNx7tIe
Oh what the heck it's only a case of perjury, if we can overlook money laundering for the Mexican drug cartels, this shouldn't even register on the attention scale.
Reversing its oft-repeated position that it was acting only on behalf of its clients in its exotic dealings with the American International Group, Goldman Sachs now says that it also used its own money to make secret wagers against the U.S. housing market.
A senior Goldman executive disclosed the "bilateral" wagers on subprime mortgages in an interview with McClatchy, marking the first time that the Wall Street titan has conceded that its dealings with troubled insurer AIG went far beyond acting as an "intermediary" responding to its clients' demands
Read more: http://www.mcclatchydc.com/2010/06/29/96779/goldman-admits-it-had-bigger-role.html#ixzz0sOz7cnkO
