Goldman Sachs issued a new corporate policy banning the use of all swear words and even the use of bleeped swear words such as f***k and s**t from corporate emails and texts sent on corporate issued cell phones. The new policy comes on the heels of recent embarrassing leaks of profanity-laced emails that were made public in Congressional testimony including Goldman executive Tom Montag’s email that stated about a then current $600 million Goldman issuance of Timberwolf CDOs: “Boy, that Timberwolf was one shitty deal.” Within three weeks of selling Australian hedge fund Basis Capital $78 million of Timberwolf CDOs and assuring Basis Capital that the market for CDOs had stabilized, Goldman Sachs began making significant margin calls on these very securities. Next up for consideration, Goldman CEO Lloyd Blankfein stated that he will be considering banning lying, cheating and stealing from Goldman activities as well.
In other news, the Obama administration’s record of “yes” means “no” and “more transparency” really means “less transparency” continues................from zero hedge....................http://www.zerohedge.com/article/week-financial-sarcasm-goldman-sachs-charles-schwab-formula-capital-sec
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