Goldman's Disinformation Campaign: Drilling Down Into The Documents

[Donnachaidh]

http://www.opednews.com/articles/Goldman-s-Disinformation-C-by-David-Fiderer-110620-630.html

In his latest Bloomberg column on Goldman Sachs, William Cohan makes an important point:

"Goldman hasn't made its internal analysis public, nor does it intend to, but it has showed the documents around town (including to me)."

In other words, the answer shall remain secret. Only those deemed worthy by Goldman may see its data, which purportedly refutes the Levin report . The rest of us are kept in the dark. We cannot challenge Goldman's claims, because we cannot see what they see. They know what they are talking about; we do not. Instead, we must rely on Andrew Ross Sorkin , Holman Jenkins , Dick Bove , and others to reveal the truth.

Except you don't need to read these secret documents to figure out what's going on. You need simply read the publicly disclosed documents to see how Goldman's defense is built on sand. Consider Goldman's accusation, dutifully reported by The Wall Street Journal, that Levin's subcommittee used "sloppy math and incomplete analysis" too determine Goldman's net short positions. That's not really true. Senate staffers used no math and performed no analysis. They simply copied Goldman's numbers.

More at the link --