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How Goldman Sachs Secretly Bet on the U.S. Housing Crash (Video)
Business  (tags: business, banks, wall street, Goldman Sachs, corporate, corruption, dishonesty, finance, money, investing, economy, foreclosures, investments, americans, consumers, ethics, investors, investigation )

Tom
- 20 days ago - mcclatchydc.com
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 the value of those securities plummeting
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Comments

Chaz Gaily Berlusconi (249)
Sunday November 1, 2009, 6:35 am
Thannnxx Tom.... how unethical in not letting the cat out the bag... he has destroyed so many lives and will reap the consequences of it
 

Bee Hive Lady (290)
Sunday November 1, 2009, 6:55 pm
Thanks Tom. News we need to know but would rather forget but to forget to our everlasting peril.
 

mary f. (71)
Monday November 2, 2009, 1:05 am
thanks tom they have no hearts
 

Paul Puckett (23)
Monday November 2, 2009, 9:47 am
Also answers the often unasked question, who does your brokerage firm represent?

Good post, thanks Tom.
 
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