If CNBC’s report is true, that Goldman Sachs (GS) counterparty ACA was in fact informed of Paulson’s intentions to go short, it could deal a potentially fatal blow to the entire case.
And if that’s the case, then a major cloud hanging over the market appears to be breaking up.
After being in the red all morning, futures are perking up.
And now Goldman Sachs (GS) is up by about $2/share.
At a minimum, this makes the case looks ridiculously political.
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