Fantastic. So they denied it before they reported the last time. Have they denied anything since this problem has grown and spread to other areas? No they have not. I like this company but there is pain in the short term for all of these guys. Write downs are not write offs but they have the same effect on the stock short term.
You obviously have no clue so let me clue you in...
Nearly ALL the analysts that cover GS expect GS to have writedowns this quarter. On the low end, one analyst expects about $1.9Billion in writedowns. ON the high end, one analyst expects GS to report about $3.9Billion in writedowns.
LISTEN UP! GS WILL HAVE WRITEDOWNS THIS QUARTER. But they are SMALL in comparison to the $270-$350 BILLION in writedowns expected overall!
The $3B writedown reported by LT is NOT A SUPRISE!