Except that in this case, Goldman and Paulson weren't insiders and knew just as much about the underlying mortgages as the buyer did.
posted on 08/10/2012 1:47:07 PM PDT
(Math is hard. Harder if you're stupid.)
Goldman and Paulson ... knew just as much about the underlying mortgages as the buyer did.
If this is the case I'm thinking of, Goldman knew the underlying mortgages were crap and passed them off as AAA.
posted on 08/11/2012 10:08:22 AM PDT
(The Lord uses the good ones; the bad ones use the Lord.)
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