Congress Better Get A Grip On Spending
Senator Levin: What if Goldman is short US Treasuries?
By News on the Net —— Bio and Archives--April 27, 2010
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They should be. I heard Senator Levin grill Lloyd Blankfein for "shorting" investment vehicles his firm took into inventory, in the industry this is called risk management in the process of making an orderly market for customers but not taking on the unwanted risk of those assets which they purchase from customers. How would you feel if Goldman Sachs is one of the largest shorts of US Treasuries?
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