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Response to closeupready (Reply #2)

Thu Jul 23, 2015, 02:18 PM

3. Then what was Senator Carl Levin talking about here:

 

Goldman Sachs Misled Congress, Duped Clients, Levin Says

~Snip~

Much of the blame for the 2008 market collapse belongs to banks that earned billions of dollars in profits creating and selling financial products that imploded along with the housing market,]according to the report.

The Levin-Coburn panel levied its harshest criticism at investment banks, in particular accusing Goldman Sachs and Deutsche Bank AG of peddling collateralized debt obligations backed by risky loans that the banks’ own traders believed were likely to lose value.

~Snip~

Full article:
http://www.bloomberg.com/news/articles/2011-04-14/goldman-sachs-misled-congress-after-duping-clients-over-cdos-levin-says


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marmar Jul 2015 OP
think Jul 2015 #1
closeupready Jul 2015 #2
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