News Source: Truthout
| about 1 month ago
In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in U.S. housing prices would send the value of...
News Source: Merced Sun-Star
| about 1 month ago
But in 2001, the elite investment bank leaped aggressively into the burgeoning subprime securities market that was becoming a fountain of money for its rivals. That year, Goldman Sachs sold $8.7 billion in subprime bonds, a third of its business. In...