Posted:
#1
Goldman Sachs loaning out all of that $ for mortgages knowing people couldnt pay it back, and then taking out insurance with AIG that the housing bubble might burst, netting them millions.
Thieves.
Watching CNBC
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Posts: 3
Posted:
#2
Quote Originally Posted by Waxi:
Goldman Sachs loaning out all of that $ for mortgages knowing people couldnt pay it back, and then taking out insurance with AIG that the housing bubble might burst, netting them millions.
Thieves.
thieves is correct, but they werent much of a lender.
GS packaged products and sold those products to funds, people, retirement groups, profited from that and bet against the product and profited.
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