Goldman Sachs sold billions in toxic mortgage-backed securities to its own clients while secretly building a $13.9 billion net short position against the housing market. Internal emails showed traders calling their own products 'shitty deals.' A Senate investigation concluded Goldman 'misled the country' and helped create the housing bubble. Goldman paid $5.1 billion to settle fraud charges, admitting it sold securities 'full of mortgages that were likely to fail.'
Goldman Sachs secretly bet against the same mortgage securities it sold to clients, profiting $3.7 billion from the crash
βGoldman Sachs profited from the economic crisis by betting against the same mortgage securities that it sold to its clients.β
π The Receipts
βοΈ The Record, Side by Side
What they said vs. what the evidence shows
β³ The Vindication Timeline
From βcrazyβ to confirmed
The Claim Is Made
This is the moment they called it crazy.
Confirmed: They Were Right
The truth comes out. Officially documented.
Confirmed: They Were Right
The truth comes out. Officially documented.
π How Right We Were
The People Speak(215)
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