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How And Why Goldman Sachs Defrauded Investors While Homeowners Went Broke
by Edger,
November 1, 2009 - 6:22am
November 1, 2009 - 6:22am
In this first video Greg Gordon of McClatchy News reports that Goldman knew that mortgages were not being properly reviewed
Real News Network - November 1, 2009
GOLDMAN SACHS' SECRET BETS
McClatchy's Greg Gordon reports that Goldman knew that mortgages were not being properly reviewed
Here Paul Jay interviews Gordon who explains that a five month McClatchy investigation has found that Goldman's failure to disclose those secret bets may have violated securities laws - that 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 that it also was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting.
Real News Network - November 1, 2009
How Goldman secretly bet on the U.S. housing crash
Goldman didn’t tell buyers of $40 billion in securities it was secretly betting the other way
Real News Network - November 1, 2009
GOLDMAN SACHS' SECRET BETS
McClatchy's Greg Gordon reports that Goldman knew that mortgages were not being properly reviewed
Here Paul Jay interviews Gordon who explains that a five month McClatchy investigation has found that Goldman's failure to disclose those secret bets may have violated securities laws - that 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 that it also was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting.
Real News Network - November 1, 2009
How Goldman secretly bet on the U.S. housing crash
Goldman didn’t tell buyers of $40 billion in securities it was secretly betting the other way
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Comments
Hey Edger,
The world sucks because people suck. If they got eaten at birth, the world would be a better place. :( I just witnessed another blow up on another blog that I thought was, well whatever I thought I need to think it again. What is it with the blogers that I don't get? I feel like I'm in their pixel world playing a role they created, and I don't know anything about. I'm beginning to feel "used". Is it me?
I'm not quite sure what you mean.
Who blew up, and where?