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Your example is an investment bank that was caught and fined for advising clients to buy toxic assets during the 2008 housing bubble, while it simultaneously un
by throwawaycities 5y ago
Your example is an investment bank that was caught and fined for advising clients to buy toxic assets during the 2008 housing bubble, while it simultaneously unloaded the same assets.
Of course they too publicly claimed that wasn’t a conflict or even evidence of a conflict, but then the communications were leaked showing Goldman employees knew the assets were toxic and the company needed to push on them on customers to keep the price up while the bank liquidated its own positions.