tell me someone lost there reputation and career over this

[OTCkrak]

http://www.ft.com/cms/s/0/9ca7d968-48d2-11df-8af4-00144feab49a.html

Whitehall Street International, Goldman Sachs’ international real estate investment fund, has lost almost all of its $1.8 billion of equity following soured property investments in the U.S., Germany and Japan, according to the fund’s estimates.

By the end of 2009, the fund was down to its last $30 million, a paper loss of about 98 cents on the dollar

 

[Daal]

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

 

[nazzdack]

Quote from Daal:
Dont worry......

Those are not capital losses. They were bonus payments disguised as capital losses. "Hats off" to the accountants. :eek: