My short Goldman Sachs finally above water

Here's what I posted last year:

Of course, I'm the dumbest of all, as I've been short Goldman in the personal account for many months, and it has outpaced my BAC/JPM/PFF hedge against it.

Maybe not so dumb after all.

UPDATE: Here's the NY Times breaking story.

LIVEBLOG of the SEC call:

11:10a SEC spokesman says that GS' prospectus claimed an independent company chose the mortgages for the Abacus vehicle. Clear fraud here--Paulson & Co. cannot be an independent company as it is positioning trade for itself.

ET TU, BRUTE: Paolo Pellegrini, John Paulson's former right hand man who left to start his own shop, is SEC's source, according to CNBC's Steve Liesman.