Must-read: How Goldman Sachs secretly bet on the housing crash

. . . while selling $40 billion of mortgage-backed securities that it claimed were safe.  The article, by Greg Gordon of McClatchy Newspapers, is based on a five-month investigation.

Yves Smith at Naked Capitalism has a few words on the matter and on the article, here.

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One Response to “Must-read: How Goldman Sachs secretly bet on the housing crash”

  1. Mark E. Says:

    This is the kind of unethical behavior that it doesn’t take a financial genius to predict might happen. It all comes down to the need for increased government oversight to ensure a free market as a hedge against the certain end result of unrestrained capitalism.

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