Goldman Sachs’ Denial Problem: "Still Untrue"

I can’t figure out why Goldman Sachs keeps denying market rumors that it has a pending credit writedown coming. Either it does or it doesn’t, and either way it would be better if it shut up about the subject. Denying it repeatedly just reminds people that there is a chance Goldman Sachs has a possible credit problem.

At the same time, Goldman is denying the rumor in a strange way. According to Reuters, Goldman’s spokesthingie said that the chatter is "still untrue". Maybe it’s just me, but still untrue is one of those truthy-sounding expressions, one that is quite clearly not the same thing as saying "false".

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