Tavakoli: Goldman's Lies Of Omission

The outspoken Janet Tavakoli takes straight aim at Goldman Sachs (GS) over its honesty with shareholders in regard to AIG (AIG) exposure.

Says Tavakoli: “It is never a given that hedges will pay off when the chips are down.  A counterparty may dispute whether the contractual definition of a credit event is met, if only to buy time.”


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