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dude, regardless of shorting of homes or not those people would evicted in 'massive scale, with the police coming to your front door, and you have no place to live, and you have kids whose life is traumatically affected'. Matter of fact, it would probably happen in an even greater scale as the...

I dont understand some of the Paulson grilling. So he went to GS and worked with them to produce a product that suited his needs for his financial gain. How is that different from Jim Rogers going to Merrill to produce a futures contract that would move according to his index?Yes the people...

I bet almost no one could think that a vulcan eruption in Iceland could lead to an increase in greek CDS. If this were more serious this could lead to a Taleb style fat tail that virtually no one would be insured against(like the Casino from the Black Swan book, that was uninsured against the...

Funny you dont seem to apply the same logic to your habit of shorting stocks. whats you rationalization?

dude, Paulson is actually short gold right now, you didnt buy that PR did you :D

Looks like Jeffrey Immelt is lying again, denies having admitted CP problems to Paulson, yet used the Fed program like there was no tomorrow while claiming his situation was 'robust'. Guess he will pull a Clinton and say 'it depends on what your definition of robust is, I didnt lie'...

The GS prop desk must have loaded up today on XLF/MS puts and shorts in order to hedge their financial future. Guess how that will show up in their financials? 'undisclosed equity options'

Rumor: GS might have hedged itself http://www.forexlive.com/100299/all/goldman-told-in-advance-it-faced-sec-action-reuters I thought I was kidding, GS risk management has hedges against alien invasions and the extinction of the human race

Looks like the greatest trade ever was being a GS client, both sides will win after they pay their money back

Good news "1645 GMT [Dow Jones] Libor/OIS and the TED spread, two gauges of risk in fincl mkts, are basically unchanged after the Goldman news Friday. Looking at Libor/OIS, the June contract widened by just 1/4bp, said Carl Lantz of Credit Suisse. 3 month Libor/OIS is the spread of 3-month...

I'm referring to the cost to CDO investors. According to CNBC it was $1b

It looks like that cost investors $1b, so the the penalty would have to be at least that. Looks like GS will have the first earnings miss in a generation :p

MBI on fire, looks like the market expects that they could win some lawsuits. GS traders now have a vehicle to hedge their fraud. I almost shorted it yesterday, now I will just wait and see

SEC Examining Statements Given by General Electric http://www.cnbc.com/id/36596515 They lied about their troubles in the commercial paper market, in public they said they were just 'testing the Fed facility to see whats up' or something to that effect, meanwhile Paulson said in his book that...

Breaking news, GS traders told by risk management to hedge its own demise. GS puts to take over the balance sheet as their largest exposure. Blankfein said 'we are too good of traders to have significant exposure to our fraudulent transactions'

Looks like the greatest trade ever had a bit of help in the form of securities fraud http://www.sec.gov/news/press/2010/2010-59.htm In Paulson's defense it doesnt appear that he suggested that goldman should have mislead investors

Dont worry Lloyd Blankefein will announce he has insurance against legal actions and they are 100% hedged against this event

EFF 0.22% yesterday. However I dont think there is much of a chance it will breach .25% for anything more than a day before the NYFed firesup the printing presses and restart a quasi QE in the UST bill market

Dont worry, Lloyd Blankfein will say they bought CDS in another fund and their exposure was hedged 100%

If the EU approval of the authority to bailout Greece takes too long, this could lead to problems like runs on Greek banks http://www.cumber.com/commentary.aspx?file=041210.asp Or downgrades by the rating agencies on greek debt, maybe to a point that they are not accepted by the ECB(I...