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So Goldman gets to sell these mortgages, short the mortgages they sold, and then are fined only 5.1B for the privilege of doing so? Pure insanity.
by humbleMouse 11y ago
So Goldman gets to sell these mortgages, short the mortgages they sold, and then are fined only 5.1B for the privilege of doing so? Pure insanity.
- forgetsusername 11y ago>So Goldman gets to sell these mortgages, short the mortgages they sold Yes, they do. And as a market maker, there's nothing at all wrong with this and isn't the origin of the probe. They're in trouble for "improperly vetting" mortgages that they sold, which in my opinion is pretty subjective. But the politicians want to exact a price.
- deleted 11y ago[deleted]