Lloyd Blankfein insisted before Congress last year that Goldman Sachs (GS) "didn’t have a...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

Lloyd Blankfein insisted before Congress last year that Goldman Sachs (GS) "didn’t have a massive short against the housing market." But whether it was lucky or good, the bank made $500M from that short. For Goldman to suggest otherwise - as it has  - is "almost silly," Andrew Ross Sorkin writes. "Goldman should be proud of its prescient call about housing."