‘Grateful’ Goldman Sachs Would Never, Ever Bet Against Its Own Clients

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Jeff Neumann

04/07/10 06:22AM

Filed to: The Good Guys

The investment bank's CEO Lloyd Blankfein said in an annual report that while Goldman "held various positions in residential mortgage-related products in 2007, our short positions were not a ‘bet against' our clients." They just bet against everyone else. [BusinessWeek]