Value Add Risks News Today

>> $16 billion. >> $16 billion with a "b"? >> right. at some point, above 50% of var, value add risks. >> their entire firm was at risk because they wanted to get rid of the stuff and they were willing to dump it? >> its important to remember, goldman in its own internal memo was describing this position as a big short. when blankfein says we did not have a massive short bet, i dont know how that could be true. >> what did they tell people buying the stuff? >> they said they implicitly endorsed ...