3 ms·
Goldman did not invent CDOs, and they did not create the CDOs RBS purchased. (Also, what actually doomed RBS was overpaying for ABN Amro, but that's neither he
by Lazare 11y ago
Goldman did not invent CDOs, and they did not create the CDOs RBS purchased. (Also, what actually doomed RBS was overpaying for ABN Amro, but that's neither here nor there.)
> But Goldman sure made money out of it.
How? Exactly?
- nl 11y agoThe sold the securities and shorted them at the same time.