Saturday, April 24, 2010
Hmm
Emails show Goldman Sachs bet on housing market decline
Goldman Sachs (NYSE: GS - news) bet on the demise of the US housing market as the economy teetered on the brink and as the firm sold mortgage-based investments to clients, company emails released on Saturday showed.
Posted by mark @ 06:41 PM (1212 views)
4 thoughts on “Hmm”
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bystander says:
this will all be conveniently buried for the good of all…..but I hope it isn’t
Crunchy says:
I told you this months ago. Catch up! It’s basic 101 conspiraloon stuff. Yes, true as always.
The Baldman says:
Why are GS allowed to continue as a bank?
Jeremiah says:
Pity our own bankers were not as sharp (or ruthless) as to short the UK housing market. Otherwise they may have been happy enough to allow or even engineer a crash instead of holding the govt to ransom, bleeding the country dry in bailouts to keep house prices propped up. Otherwise we could all by now have been snapping up luvverly half-priced bargain homes.