2007-11-13yahoo.com

"Goldman Sachs heartened investors with word that it didn't expect a significant hit from the subprime mortgage turmoil. Goldman Chief Executive Lloyd Blankfein, speaking at a conference held by Merrill Lynch & Co., said the bank has a short position in the subprime mortgage market and won't be taking any significant charges to write off losses." -- At least not until they're forced to break out Level-3 assets?


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