Goldman Sachs preparing for Spanish exit, stands to profit 5Billion from it

Goldman is preparing for a Spanish exit and guess how much they stand to make if Spain does go?

In February, it was revealed that Goldman sold $142.4 billion in credit default swaps that would pay out in the event Greece, Ireland, Portugal or Spain defaulted on its debt. Goldman also purchased swaps on the same debt worth an estimated $147.3 billion in all, according to Bloomberg.

=5 billion profit. That's a damn good quarter for GS; in 2011, they made 28 billion in revenue. But still:

"This is a very big test for the EU as a concept," Blankfein said Thursday. "I'm rooting for it to work."

Riiiiiight.......

The same Goldman Sachs that's funding Obama and Romney?

rooting is what pigs do

american banks walk away with money,military walks away with money.Sheeple foot the bill.