Tuesday, April 27, 2010

Goldman Congressional Hearings Live

Online: Cspan 3, here

1 comment:

  1. This is a witch hunt. Sounds like Levin wants to burn GS at the stake because they "bet against America" by taking short positions in the mortgage market that went beyond "reasonable hedging operations" ("reasonable" being an imprecise and undefined term).

    Levin mentioned that synthetic derivatives are evil because their supply is infinite, unlike underlying assets whose supply are finite-- why do they have any value then?