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News Link • Corruption

Goldman Sachs' response to latest McClatchy article

• McClatchy News
 Goldman Sachs' chief spokesman, Lucas van Praag, issued the following statement in response to the latest installment in Greg Gordon's investigative series on the Wall Street firm, "Investors only could lose in Goldman's Caymans deals," published on Dec. 30:

"The McClatchy story on synthetic CDOs is riddled with factual inaccuracies and lacks a fundamental understanding of the instruments, the market conditions at the time and the intent of investors entering into the trades. There is nothing to be taken away from the story other than the fact that reporter fails to comprehend the subject matter."

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