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MCT exclusive series: How Goldman Sachs secretly bet on the housing crash

Source: Merced Sun-Star
New York City : NY : USA | about 1 month ago  
Views: 4
  • A man leaves a taxi outside the Goldman Sachs offices in central London
    A man leaves a taxi outside the Goldman Sachs offices in central ...
    Source: Reuters
  • Trading specialists work at the Goldman Sachs booth on the floor of the New York Stock Exchange
    Trading specialists work at the Goldman Sachs booth on the floor of ...
    Source: Reuters
A man leaves a taxi outside the Goldman Sachs offices in central ...
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 2006 and 2007, it peddled more than $40 billion in...
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  • 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...
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  • Blog Source: www.mcclatchydc.com
    In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200000 risky home mortgages, but never told the buyers that it also was secretly betting that a sharp drop in US housing prices would ...
  • Blog Source: agonist.org
    How Goldman secretly bet on the U.S. housing crash. Greg Gordon | Nov 1 McClatchy - In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200000 risky home mortgages, but never told the ...
  • Blog Source: www.goldmansachs666.com
    How Goldman Sachs secretly bet on the housing crash. by RobertM | Sunday, November 01, 2009 in |. This four-part series story is a must-read that will infuriate you. This is why conspiracy theorists claim the whole housing crash/bailout ...
  • Blog Source: www.democraticunderground.com
    Sun Nov-01-09 09:41 AM Original message. How Goldman secretly bet on the U.S. housing crash. This topic has been moved by the moderator of this forum. It can be found at: http://www.democraticunderground.com/discuss/duboard.ph. ...
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