How Goldman secretly bet on the US housing crash

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Goldman didn’t tell buyers of $40 billion in securities it was secretly betting the other way
Nov
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How Goldman secretly bet on... from dandelionsalad.wordpress.com
Dandelion SaladBy Greg GordonMcClatchy NewspapersNovember 1, 2009WASHINGTON 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 value of those securities [...]

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Nov 1, 2009
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Dandelion Salad By Greg Gordon McClatchy Newspapers November 1, 2009 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 value of those securities [...]
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