"One more thing I wanted to point about about Andrew Ross Sorkin’s story defending Goldman Sachs and Lloyd Blankfein the other day, in which it was posited that Goldman did not, in fact, have a “Big Short” in 2007. Sorkin says that according to Goldman, the firm’s net short position that summer may have been as low as $5 billion, and not $16 billion as claimed, therefore Lloyd Blankfein was not lying when he told the Senate, “We did not have a massive short bet.”
Given that Sorkin was apparently given access to a large trove of documents allowing him to make the case that Goldman didn’t have that “Big Short” on, I thought it would be instructive for readers to see what kind of answers the Senate got when it asked Goldman executives the same questions about the size of the banks’ short bet. They gave Sorkin the whole store, but Levin’s committee basically got name, rank, serial number, and a big legalese "eat me.".................LINK
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