Sacramento Bee logo Sacramento Bee 1 month ago

Goldman Sachs reaped riches from risky mortgages, but passed on the danger

7W1PAULSON.JPG

A McClatchy investigation found Goldman Sachs was buoyed by bailout decisions involving Treasury Secretary Henry Paulson. Full Article at Sacramento Bee

Related Topics:

Related Articles

  1. We thought it was well-known that while Goldman Sachs (GS) bond sellers were peddling risky mortgage securities, its traders were going short the same thing. Full Article at Clusterstock

  2. In the 1980s and '90s, Goldman Sachs Group ran a staid residential mortgage operation that simply bought and sold loans. Full Article at Miami Herald

  3. Source: McClatchy Newspapers 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. Full Article at Democratic Underground

  4. Now, it may seem funny that I'd single out Goldman Sachs (NYSE: GS) as my pick for the world's scariest stock, since just more than a week ago I fingered Goldman as the bank I'd be most interested in buying. Am I completely contradicting myself? Hardly. Full Article at The Money Times

Related Quotes

(What's this?)
  1. Are you a Publisher?

    We built Daylife.com using our SmartMedia Services platform, which can give you thousands of content-rich, advertiser-friendly pages (like this one) on any topic and with full editorial control. Learn More »

    Our Customers
  2. Our Products
    Daylife Select

    A point & click tool to create dynamic content portals. Learn More »

  3. Daylife API

    Unlimited smart, customizable content to suit any publisher. Learn More »

  4. Enterprise API

    Use the Daylife Platform to distribute content across your sites. Learn More »

  5. SmartContext

    Weave the web's best content into your own. Learn More »

Browse More Photos

Daylife is the web's largest archive of news photos

  1. Co-CEO of Goldman Sachs, Richard Gnodde listens during a Future of Finance Initiative conference in Horsham, southern England December 8, 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. WASHINGTON - DECEMBER 08:  Commander of the International Security Assistance Force and commander of United States Forces Afghanistan U.S. Army Gen. Stanley McChrystal (L) and Ambassador to Afghanistan Karl Eikenberry speak before testifying to the Senate Armed Services Committee about the war in...
  7. U.S. Army Gen. Stanley McChrystal, commander of the International Security Assistance Force and commander of United States Forces Afghanistan, testifies at a House Armed Services Committee hearing on the war in Afghanistan, at the U.S. Capitol in Washington, December 8, 2009.
  8. BERN, SWITZERLAND - DECEMBER 07: Vitali Klitschko attends a press conference on December 07, 2009 in Bern, Switzerland.

Cast of Characters