Hoffa Says Goldman Sachs Driving YRC Into Bankruptcy (Update1) - Bloomberg.com
Let's face the fact this company is behind some of the most outrageous financial schemes of all times. Once the SEC filing are in for the last three mts there will be little doubt left about the intent of this company. The shorting of Gold as they had done during the last filing period will just be the icing on the cake.
Dec. 17 (Bloomberg) -- International Brotherhood of Teamsters President James Hoffa said Goldman Sachs Group Inc. is creating derivatives trades that would profit from the bankruptcy of YRC Worldwide Inc., the trucking company trying to avert failure with a debt exchange.
The most profitable securities firm in Wall Street history “is actively soliciting bond trades for clients and underwriting credit-default swaps to benefit from a failed exchange and resulting bankruptcy,” Hoffa, the union leader, wrote in a letter dated yesterday to Goldman Sachs Chief Executive Officer Lloyd Blankfein.
Let's face the fact this company is behind some of the most outrageous financial schemes of all times. Once the SEC filing are in for the last three mts there will be little doubt left about the intent of this company. The shorting of Gold as they had done during the last filing period will just be the icing on the cake.
