Brooksley Born is asking GS execs about their derivatives operations. GS is continuing to assert that they integrate their businesses, and don't track derivatives separately, so they wouldn't have any specific information on derivatives…Brooksley Born is asking GS execs about their derivatives operations. GS is continuing to assert that they integrate their businesses, and don't track derivatives separately, so they wouldn't have any specific information on derivatives operations.
Born is rightly skeptical, seeing as it is hard to believe that one of the world's savviest firms wouldn't be able to tell someone whether their derivatives operations was losing money.
This is particularly important, seeing as the Commission seeks to isolate the role of derivatives in the crisis.