Letter to the editor from Goldman Sachs


Your recent series of articles on Goldman Sachs (Goldman Sachs' Secret Bets) is filled with unsubstantiated claims, innuendo and outright falsehoods. This is not investigative journalism but, rather, poorly researched and sensationalist fabrications presented as facts.

As your reporter knows, there is no factual basis for the theories put forward in the articles, and your claim that we misled investors is untrue.

You have done your readers a disservice.


Lucas van Praag

Managing Director

Goldman, Sachs & Co.

85 Broad Street

New York, NY 10004

(Editor's note: Van Praag is the chief spokesman for Goldman Sachs. McClatchy stands by its reporting, and rejects as untrue his allegation that the reporter knows "there is no factual basis" for the articles.)