Posted by: nancycurteman | April 24, 2010

Goldman Sachs: A Down and Dirty Plot

Goldman Sachs’ top executives not only profited from the misfortunes of others during the housing market collapse, but they boasted about their underhanded money-making strategies. Selecting investments designed to lose value, then marketing them to investors who expected the portfolio’s value would rise, was a big money-making strategy for the giant corporation. Now add e-mailed comments from Goldman’s wheeler dealers  about selling these loser investments to “widows and orphans” and you have a “truth is crueler than fiction” plot for a great mystery novel. Warmup your computers, mystery writers. The plot will get thicker and dirtier.

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