Goldman Responds to SEC

Goldman's strongest defense seems to be the fact that they lost more than $90 million on the deal and only received $15 million in fees. Quoting their press release:

"Goldman Sachs Lost Money On The Transaction. Goldman Sachs, itself, lost more than $90 million. Our fee was $15 million. We were subject to losses and we did not structure a portfolio that was designed to lose money."

Thoughts on this and the rest of the press release (linked below)??

http://www.marketwatch.com/story/goldman-sachs-mak...