LIAR LIAR

NYP--Yesterday, during a second day of intense testimony in front of the Financial Crisis Inquiry Commission, a typically disarming Jim Carey managed to vex a congressional panel set up to investigate the causes of Wall Street's collapse by repeatedly dodging questions about Goldman Squid's derivatives business.

Carey and other Goldman officials claim that the world's most profitable bank is incapable of offering up specifics about its derivatives platform or calculating its size.

"We do not divide revenues or profits between derivative and non-derivative products or track or report our financial results that way," Carey said yesterday in a tense exchange with FCIC Commissioner Brooksley Born.

WB7: This explains how they knew with such certainty that they were "fully hedged" when AIG blew up. They made it all up!