short, a bet that they are going to go sour. in one internal e-mail message released over the weekend dated july 25th, 2007, goldman's chief financial officer called it the big short. after the company made $51 million on bets on housing securities would drop. in may 2007, after long beach mortgage securities, a unit of washington mutual, said $50 million in loans are worthless. one trader wrote, good news because they made $5 million in profit because they shorted those bonds. quote, it pollute the financial system with the sour loans, yet goldman, apparently came out golden. goldman denied it made a big profit off the housing failure and said lawmakers cherrypicked the e-mails. i want to make a quick position about goldman's position during the housing debacle.