Subprime Loan Meltdown: Goldman Bet It Both Ways

Published Nov. 2, 2009 at 1:00 p.m.
Must read/see, this report by McClatchy Newspapers’ Greg Gordon, a five-month investigative report on how Goldman Sachs, otherwise known as Government Sachs, peddled more than $40 billion in securities on 200,000 risky home mortgages, but at the same time it was peddling these as investments, the company also bought $20 billion in insurance betting that [...]


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