Goldman Sachs

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Goldman Sachs: No Big Mortgage Hit Coming 

Nov 13, 2007By

A bit of good news for the mortgage finance industry today, as Goldman Sachs CEO Lloyd Blankfein said in remarks Tuesday that the investment bank will not take a significant hit tied to turmoil in the mortgage-related securities markets. From Bloomberg: “As we said at the end of the third quarter, we continue to be net short in these markets,” Blankfein said in response to a question about the firm’s position. “We said at that time we continue to be bearish on the sector.” …

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