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In reply to the discussion: Goldman Sachs – Masters of the Eurozone [View all]think
(11,641 posts)3. Then what was Senator Carl Levin talking about here:
Goldman Sachs Misled Congress, Duped Clients, Levin Says
~Snip~
Much of the blame for the 2008 market collapse belongs to banks that earned billions of dollars in profits creating and selling financial products that imploded along with the housing market,]according to the report.
The Levin-Coburn panel levied its harshest criticism at investment banks, in particular accusing Goldman Sachs and Deutsche Bank AG of peddling collateralized debt obligations backed by risky loans that the banks own traders believed were likely to lose value.
~Snip~
Full article:
http://www.bloomberg.com/news/articles/2011-04-14/goldman-sachs-misled-congress-after-duping-clients-over-cdos-levin-says
~Snip~
Much of the blame for the 2008 market collapse belongs to banks that earned billions of dollars in profits creating and selling financial products that imploded along with the housing market,]according to the report.
The Levin-Coburn panel levied its harshest criticism at investment banks, in particular accusing Goldman Sachs and Deutsche Bank AG of peddling collateralized debt obligations backed by risky loans that the banks own traders believed were likely to lose value.
~Snip~
Full article:
http://www.bloomberg.com/news/articles/2011-04-14/goldman-sachs-misled-congress-after-duping-clients-over-cdos-levin-says
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So the Italian prime minister is a former senior adviser for Goldman Sachs and others hold high
think
Jul 2015
#1
Saying Sen. Levin doesn't understand financial machinations is very disingenuous.
think
Jul 2015
#33
Correct. Goldman is smaller than several other US banks including JPMorgan Chase
stevenleser
Jul 2015
#5
Silly article. There are 15 banks local to the Eurozone with more assets than GS that would laugh at
stevenleser
Jul 2015
#4
Right. Like saying 'this article has everything to do with the ECB' zip re Goldman?
Octafish
Jul 2015
#18
The main decision-maker for the bad decisions came out of Goldman Sachs to lead Greece is dumb.
Octafish
Jul 2015
#23
Do you think Vladimir Putin would make a better president of the US than Obama, Octafish?
NuclearDem
Jul 2015
#26
That was then. This is now, which is when you can't show where I called you an asshole, dude.
Octafish
Jul 2015
#38
Goldman Sachs was considered a case study in recklessness & greed for it's role in the 2008 meltdown
think
Jul 2015
#6