I don’t know what you’re talking about– Goldman loves shitty returns

Yesterday Bloomberg reported that Goldman Sachs had pulled its entire $120 million investment from Harbinger Capital’s flagship fund, citing two reasons: 1) the returns were poor and 2) Phil Falcone had “loaned” himself $113 from one of the firm’s smaller funds (at a time when redemptions were suspended) in order to pay personal taxes, which didn’t sit well with some people. Now, someone inside Harbinger is claiming that Goldman was totally cool with the fund’s performance and could care less about Falcone helping himself to a li’l cash. The real reason is that they’re just jealous. Read more »