Sizable Losses at Goldman Sachs???
GS losses discussed by Doug Kass on CNBC's Mad Money with Jim Cramer on Friday, May 13
Cramer took a call from Doug Kass, president of Seabreeze Partners and writer for TheStreet.com. Kass noted a rumor about big losses at GS in fixed income, and stated that he believes that GS has taken large losses in their prop desk, crude oil, commodity, and currency markets. Due to recent decline in the stock, Kass has covered his shorts and Cramer is bullish on the stock.
Cramer took a call from Doug Kass, president of Seabreeze Partners and writer for TheStreet.com. Kass noted a rumor about big losses at GS in fixed income, and stated that he believes that GS has taken large losses in their prop desk, crude oil, commodity, and currency markets. Due to recent decline in the stock, Kass has covered his shorts and Cramer is bullish on the stock.
posted by jacksonite at 7:04 AM
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