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nakedcapitalism.com - 25 days ago
“How Goldman secretly bet on the U.S. housing crash” (AIG as Bagholder Watch)
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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. While the timing and overall outline are not new ...
mcclatchydc.com - 25 days ago
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 25 days agofound this
Never Send a Boy to Do a Man's Job
epicureandealmaker.blogspot.com - 29 days ago
Never Send a Boy to Do a Man's Job
— epicureandealmaker.blogspot.com — Interesting article over at Bloomberg.com this morning. Did you see it? Oct. 27 (Bloomberg) — In the... months leading up to the September 2008 collapse of giant insurer American International Group Inc., Elias Habayeb and his colleagues worked ... (more) Never Send a Boy to Do a Man's Job

Comments vote down naked capitalism found this 29 days agofound this
online.wsj.com - 28 days ago
In Reversal of Fortune, AIG Recoups Collateral
— online.wsj.com — After shelling out billions of dollars to Wall Street banks last year on souring trades, American International... Group Inc. has gotten some of that money back, thanks to a turnaround in the very securities that helped level the insurer. Billions of ... (more) In Reversal of Fortune, AIG Recoups Collateral

Comments vote down Between the Hedges found this 28 days agofound this

Blog Reactions

Abnormal Returns:  Sunday links: proving causation

FT Alphaville:  Further reading

Comments
Blog Reactions

Sunday links: proving causation
Abnormal Returns — ...   (The Money Game, ibid) Yet another new inflation-focused ETF the WisdomTree Real Return Fund (RRF).  (IndexUniverse) Why is everyone so worried about hyperinflation when a fiscal crisis is a more likely outcome?  (Megan McArdle) Just how did Goldman Sachs (GS) execute its big short bet on subprime?  (naked capitalism) How John Paulson made (and won) the ...

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 - “ ...

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