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by qaq 3534 days ago
They made money and later payed a fine , how is this disputes a statement that GS does not take large unhedged positions?
1 comments

The point is that the assertion you attempted to make in favor of the idea that GS just of course wouldn't take large unhedged positions -- "they run a tight shop" -- just doesn't have a great deal of solid backing.
If you provide an example of a large unhedged position that GS has on the books I'll totally believe you.
You can believe whatever you want. Based on my own research over the years -- and personal dealings with people who have worked there -- I tend not to trust that "shop".