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Politics : Welcome to Slider's Dugout

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To: crdesign who wrote (7217)	12/3/2007 1:48:57 PM
From: Nihontochicken	Read Replies (2) of 50747

Bubblevision Report: Charlie Gasparino and Steve Liesmann squared off in a shouting match over the Ben Stein NYTimes article yesterday taking Goldman Sachs to task for selling $Billions in CMOs while shorting them. Unfortunately, they didn't address the shorting issue, but instead argued over whether the research article by Jan Hatzius was an honest assessment of the mortgage situation or intended to help push GS's agenda, Gasparino taking the latter position. His comments included "I will tell you that Goldman Sachs is the most predatory firm on Wall Street," mentioning the ouster of Dick Grasso from the NYSE and his replacement by GS exec John Thain and the subsequent sale of GS's Archipelago to the NYSE with GS as the deal banker, and then said directly to Liesmann, "You are the only person on Wall Street who doesn't think Goldman is gaming the system." Gasparino equated the recent GS involvement in CMOs to that of Henry Blodget and Merrill Lynch in the dot com boom and bust, saying "If it looks like a duck, walks like a duck, and quacks like a duck, it's a duck." NYTimes article (link seems to be working again): nytimes.com NC

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