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Libya Lost $1.3 Billion on Options Trades Done with Goldman Sachs


But first, remember this one? The Long and Short of It at Goldman Sachs: The point to bear in mind, as Mr. Sloan brilliantly makes clear, is that as Goldman was peddling C.M.O.’s, it was also shorting the junk on a titanic scale through index sales — showing, at least to me, how horrible a [...]

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