Paul Gigot

Paul Gigot

Who: The Wall Street Journal’s editorial board

 

What was said: “Far from being the smoking gun of the financial crisis, this case looks more like a water pistol.” Also: “By the way, Goldman was also one of the losers here. … [I]t ended up losing $90 million on the transaction itself.”

 

What was left out: Elsewhere, The Journal reported that the deal was approved by “roughly a dozen senior executives,” and that Goldman “never intended to buy any of the deal; it just couldn’t sell all the instruments to other investors.”

Rating: CCC-

Getty

Article continues below
More from Politics
Congresswoman Carolyn Maloney, civil rights attorney Norman Siegel and other lawyers and advocates protest President Donald Trump's attack on reporters in front of the New York Times building.
Manhattan Congresswoman and Lawyers Blast Trump for Banning Reporters From Briefing