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posted by iehi vote down flag
hf-implode.com - 11/1/2009
How Goldman secretly bet on the U.S. housing crash
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``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. Now, a ...
mcclatchydc.com - 11/1/2009
How Goldman secretly bet on the U.S. housing crash
— mcclatchydc.com — 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 ... (more) How Goldman secretly bet on the U.S. housing crash

Comments vote down naked capitalism found this 11/1/2009found this
nakedcapitalism.com - 11/1/2009
“How Goldman secretly bet on the U.S. housing crash” (AIG as Bagholder Watch)
— nakedcapitalism.com — McClatchy, which was the only major US news organization to question the Iraq war until is was... obvious to all that it was a misguided exercise in neocon hubris, has started a series on Goldman’s famed “short subprime” exercise. ... (more) “How Goldman secretly bet on the U.S. housing crash” ...

Comments vote down Abnormal Returns found this 11/1/2009found this
businessinsider.com - 11/2/2009
Sorry, Folks: Goldman's Bet Against Housing Was Hardly A "Secret" (GS)
— businessinsider.com — It's time to finally lay to rest claims stretching back as far as 2007 that Goldman Sachs... was peddling securities backed by risky home mortgages while it was secretly betting that the US housing market was in trouble. Far from being "secretly" down on ... (more) Sorry, Folks: Goldman's Bet Against Housing Was Hardly A ...

Comments vote down Abnormal Returns found this 11/2/2009found this
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Related: how goldman secretly bet on the us housing crash
Further reading — FT Alphaville
Elsewhere on Monday, and on the weekend, - More Goldman - how it secretly bet on the US housing crash. - Roubini on dollar carry reversal - "he's only halfway there". - It's Japan we should be worrying about. - Tune in, chill out: the secret of composed investing. - UK banks are 'too big ...
Report on Goldman's Bets on the Housing Crash — Calculated Risk
From Greg Gordon at McClatchy Newspapers: How Goldman secretly bet on the U.S. housing crash 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 ...