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They get very large fees for "securitizing the deal", or being the ones who turns a bunch of loans into something that can be traded. In the case of very compl
by mathattack 10y ago
They get very large fees for "securitizing the deal", or being the ones who turns a bunch of loans into something that can be traded. In the case of very complicated deals, it can be several percent for a transaction that is low-risk for the bank since they've already identified both sides of the trade.
- spinlock 10y agoThere weren't any loans being bundled in this deal. It was a synthetic. My point is tjs Goldman is the house and made money from the deal not the outcome.