Senate Probe Says Goldman Magnified Toxic Impact

A Senate panel investigating Goldman Sachs’ mortgage market activities claims the investment bank “magnified the impact of toxic mortgages” by packaging and repackaging the same risky loans into securities.

  • 04 May 2010
A Senate panel investigating Goldman Sachs’ mortgage market activities claims the investment bank “magnified the impact of toxic mortgages” by packaging and repackaging the same risky loans into securities. In one example, a $38 million subprime-mortgage bond was placed in 30 debt pools and generated some $280 million ...

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