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I thought they didn't so much take long positions as ended up with being long as a result of everyone stopping buying them. Were they buying from other IBs or w

I thought they didn't so much take long positions as ended up with being long as a result of everyone stopping buying them. Were they buying from other IBs or was it just a case that they couldn't sell some of the toxic packages they'd created?

yummyfajitas 16y ago
That's true for Goldman - they tend to have a very short term focus. It was not true of many of the other banks. This is why Goldman did so well (relatively speaking) in the crash.