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The point is that the assertion you attempted to make in favor of the idea that GS just of course wouldn't take large unhedged positions -- "they run a tight shop" -- just doesn't have a great deal of solid backing.


If you provide an example of a large unhedged position that GS has on the books I'll totally believe you.


You can believe whatever you want. Based on my own research over the years -- and personal dealings with people who have worked there -- I tend not to trust that "shop".




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