ROME, Friday. The Vatican announced, following the NY stock market close, that it had pulled off a major coup, having shorted Goldman Sach's stock prior the the announcement that the Wall Street firm is facing charges of fraud in a suit filed by the FSC.
Goldman stock plunged almost $30 in ten minutes' trading. Market watchers call this phenomenon "falling off a cliff", an expression which suggests that it can happen without anyone giving a push.
Reached at the Vatican, however, Cardinal Ricco Ribaldi commented: "Let it be well understood that we are the ones doing God's work. Many, world wide, have suffered severe hardship as a result of Goldman Sach's abuses. We plan to use the cash cushion to, well, short them into the pink papers. And half of today's ample proceeds will be paid into a fund from which the Church will amply compensate victims of abuse."
A spokesman for the Paulson partnership could not be reached for comment.