The Business Insider logo The Business Insider 3 weeks ago

Sorry, Folks: Goldman Sachs Was Not "Secretly" Short Housing During The Bubble

It's time to finally lay to rest claims stretching back as far as 2007 that Goldman Sachs was peddling securities backed by at least risky home mortgages while it was secretly betting that the US housing market was in trouble. Far from being "secretly" Full Article at The Business Insider

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  1. It says something about the powers that be at the time that no one was watching for this crap, Madoff, etc. Full Article at Dvorak Uncensored

  2. 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 Miami Herald

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  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 Beltway Blips

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  1. WASHINGTON - NOVEMBER 16:  Activists protest in front of the DC office of Goldman Sachs November 16, 2009 in Washington, DC.
  2. Trading specialists work at the Goldman Sachs booth on the floor of the New York Stock Exchange October 30, 2009.
  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: Diane Sawyer (L) moderates a panel including Lloyd Blankfein, Chairman and CEO of The Goldman Sachs Group and Rex. Tillerson Chairman and CEO of ExxonMobil on September 23, 2009 at the Clinton Global Initiative (CGI) in New York, New York.
  6. Goldman Sachs CEO Lloyd Blankfein (L), American Express CEO Ken Chenault (C) and Bank of America CEO Ken Lewis arrive at the White House in Washington on March 27, 2009 for a meeting of the heads of the country's largest banks with US President Barack Obama.
  7. WASHINGTON - NOVEMBER 13:  (L-R) CEO of the Center for Responsible Lending Martin Eakes speaks as Executive Vice President and Chief Risk Officer for JPMorgan Chase Barry Zubrow, Executive Vice President and Co-general Counsel for the Goldman Sachs Group Gregory Palm, and professor of financial m...
  8. WASHINGTON - OCTOBER 13:  Goldman Sachs CEO Lloyd Blankfein leaves the Treasury Department after a meeting October 13, 2008 in Washington D C. U.S. Treasury Secretary Henry Paulson invited the heads of major U.S. banks to meet at the Treasury Department while world banking chiefs are in Washingto...
  9. NEW YORK - SEPTEMBER 19:  A man walks across the street form the investment bank Goldman Sachs' headquarters September 19 in New York City.

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