Attn Lucas van Praag
The chorus of Bronx cheers raining down on Goldman Sachs (GS-NYSE) might not ruffle Lloyd Blankfein, but Goldman’s PR man, Lucas van Praag, is fighting back. He took the New York Times to task over an article Sunday that insinuated the AIG bailout was done largely to save Goldman’s balance sheet-a “$20 billion hole” would have decimated their capital position and most certainly forced them to raise equity with the stock under $100, which might have meant it was game over, at least for their independence.
Around the globe people have been busy connecting the dots with Goldman’s powerful alumni network.
If there is one lesson, it is do not trust anyone wearing a Timex Ironman watch.
I have been hard on Lucas in the past, but want to make amends and alert him to the subversive activity taking place on the internets.
While Lucas knows where to find Gretchen Morgenson, I have no idea what planet this guy is on. If I can find him I will extend him an offer. What an analyst.
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