Tuesday, April 20, 2010

Why just GS? They were all at it.

Goldman Sachs' bloody nose

All the Wall Street i-banks exacerbated the housing bubble and subsequent bust by deliberately packaging the most toxic mortgages into certain CDOs and then making big money by shorting them. If anything, the other banks were worse than GS. So why is Obama going after GS? Because he'll garner populist support by giving them a bloody nose? Will it enable him to get an ineffective reform bill through and leave intact most of the rotten system?

Posted by icarus @ 03:55 PM (997 views)
Please complete the required fields.

One thought on “Why just GS? They were all at it.

  • The link may get you to a “You must be registered….” Just scroll up to see the article

    Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>