WHOA. NOW HERE’S A REVELATION FROM OUT OF THE BLUE.

Bloomberg:

David Viniar, Goldman Sachs’s chief financial officer, told analysts on a conference call yesterday that a widening of the firm’s credit spreads over the last six weeks has had a “minimal” impact on its business. . . .

Goldman Sachs executives have been “confused and disappointed” by the rising prices on the firm’s credit-default swaps, Viniar said, which investors use to hedge against losses on the company’s debt or to speculate on its creditworthiness.

“Given how strong our capital is, our liquidity is, the maturity of our funding, the balance sheet, we kind of scratch our heads a little bit,” Viniar said. “But it really hasn’t affected anything other than our emotions. We don’t like seeing it but it hasn’t had a big effect.”

Wait. I thought people at Goldman don’t feel emotion. . . .