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How Goldman Sachs Secretly Bet On The U.S. Housing Crash

John Coffee, a Columbia University law professor who served on an advisory committee to the New York Stock Exchange, said that investment banks have wide latitude to manage their assets, and so the legality of Goldman's maneuvers depends on what its... Full Article at Free Internet Press

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  1. The Treasury Department could block a possible deal between Goldman Sachs and struggling government-backed mortgage giant Fannie Mae, a Department spokesman said today. Full Article at ABC News

  2. McClatchey has a damning investigative report out on the dealings of Goldman Sachs (GS) a few years ago, back when the housing and credit bubbles were reaching their maximum point of inflation. Full Article at ETF Investor

  3. TORONTO — Goldman Sachs has launched a legal battle against Canwest Global Communications Corp. to shield their joint specialty-TV assets and protect the two firms' partnership from Canwest's creditor protection proceedings. Full Article at Canada.com

  4. WASHINGTON -- 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... Full Article at Anchorage Daily News

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  1. A volunteer who would not give her name, serves Thanksgiving dinner at Salvation Army in New York Thursday Nov. 26, 2009.
  2. WASHINGTON - NOVEMBER 16:  Activists protest in front of the DC office of Goldman Sachs November 16, 2009 in Washington, DC.
  3. LONDON, ENGLAND - OCTOBER 15:  Goldman Sachs building in Paternoster Square is bathed in Autumnal sunshine on October 15, 2009 in London, England. Investment Bankers Goldman Sachs have announced quarterly profits of £1.96 billion.
  4. ISTANBUL, TURKEY - OCTOBER 3:  In this handout image supplied by the IMF, the BBC's Nik Gowing hosts a live 'Special World Debate' with panelists Economic Historian Niall Ferguson, French Finance Minister Christine Lagarde, Goldman Sachs Jim O'Neill, International Monetary Fund's Managing Directo...
  5. NEW YORK - SEPTEMBER 23:  Lloyd Blankfein, Chairman and CEO of The Goldman Sachs Group, participates in a panel on September 23, 2009 at the Clinton Global Initiative (CGI) in New York, New York.
  6. NEW YORK - SEPTEMBER 19:  A man walks across the street form the investment bank Goldman Sachs' headquarters September 19 in New York City.
  7. NEW YORK - SEPTEMBER 16:  A woman walks past the headquarters of Goldman Sachs Group, Inc September 16, 2008 in New York City.
  8. WASHINGTON - SEPTEMBER 12:  Gary Cohn, co-president, managing director and COO of Goldman Sachs, speaks during a panel on Capitol Hill September 12, 2008 in Washington, DC.
  9. US Treasury Secretary Henry Paulson testifies before the Senate Finance Committee Full committee hearing on the president's FY2009 budget proposal on Feburary 5, 2007 on Capitol Hill in Washington, DC.

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