MORE BANKSTER BULLSHIT

Let's get one thing clear before the quote from a Goldman Sachs MOTU: their risk models are a farce.

Here's the quote from McClatchy:

The lesson learned is that "given enough time, everything will happen, not can happen," Blankfein said. He noted that in the aftermath of the housing meltdown his firm models for even the most improbable scenarios in all its lines of business.

The only correct answer Blankfein could've given was "we are rebuilding our risk models from scratch because they suck."