Wednesday, September 10, 2008

Goldman and Lehman

After Lehman's meltdown yesterday, we get this inspiring quote from Goldman:
"'Goldman is a willing counterparty to Lehman across all our businesses,' spokesman Michael DuVally told Reuters."
What Goldman did not say: We are of course hedging any deal done with Lehman.

I found the statement to be in the category of "Damning with faint praise."

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