"The pair, members of Goldman's structured products group in New York, made a profit of $4 billion by "betting" on a collapse in the sub-prime market, and short

"The pair, members of Goldman's structured products group in New York, made a profit of $4 billion by "betting" on a collapse in the sub-prime market, and shorting mortgage-related securities. By summer 2007, they persuaded colleagues to see their point of view and convinced skeptical risk management executives." https://en.wikipedia.org/wiki/Goldman_Sachs#Actions_in_the_2007.E2.80.932008_mortgage_crisis https://en.wikipedia.org/wiki/Goldman_Sachs#Actions_in_the_2... http://www.guardian.co.uk/business/2007/dec/21/goldmansachs.useconomy http://www.guardian.co.uk/business/2007/dec/21/goldmansachs.... http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/2788346/Subprime-star-Josh-Birnbaum-leaves-Goldman.html http://www.telegraph.co.uk/finance/newsbysector/banksandfina...