Goldman Sachs (GS) admits the firm "has bought some credit protection" to hedge its exposure to...

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

Goldman Sachs (GS) admits the firm "has bought some credit protection" to hedge its exposure to the Greek debt crisis, but suggests that it would lose money if Greece's credit situation worsens. On Wednesday, Rochdale's Dick Bove hinted that Goldman could profit handsomely if bad turns to worse in Greece, sending shares up 2%.