How Did Goldman Sachs Know That The Housing Market Was About To Collapse?

by admin on July 23, 2010


A five-month McClatchy Newspaper investigation reveals how Wall Street giant Goldman Sachs peddled billions of dollars in shaky securities tied to subprime mortgages on unsuspecting pension funds, insurance companies and other investors, then dumped its risky investments and placed secret bets against the housing market right before the mortgage bubble burst. Somehow, among Wall Street investment firms, only Goldman Sachs knew that the housing market was about to crash! Is it merely a coincidence that Goldman Sachs President and CEO Henry (“Hank”) Paulson happened to be serving as US Treasury Department Secretary while this was going on???? The same Henry Paulson who threatened certain congressmen with MARTIAL LAW if they didn’t pass the TARP last October. Read the reports and decide for yourself: How Goldman secretly bet on the US housing crash by Greg Gordon – 1 Nov. 2009. www.mcclatchydc.com Mystery: Why did Goldman stop scrutinizing loans it bought? by Greg Gordon – 1 Nov. 2009. www.mcclatchydc.com Goldman takes on new role: taking away people’s homes by Greg Gordon – 2 Nov. 2009. www.mcclatchydc.com Big thumbs up to McClatchy Newspaper investigative reporter Greg Gordon and crew for a job well done!

{ 4 comments… read them below or add one }

WarzSchoolchild July 23, 2010 at 5:58 am

TREASON!

theunbubba July 23, 2010 at 6:30 am

Goldman knew because they aren’t a bunch of stupid lemmings like the people that pay attention to this garbage.

RAMKING61 July 23, 2010 at 7:23 am

Edward Liddy resigned from the Goldman Sachs Board of Directors on September 23, 2008, to become the CEO of AIG. The bailout bill passed Congress less than 2 weeks later! Liddy then decided to resign on May 21, 2009.
Talk about blatant, obnoxious, and devious scum!

badattitude77769 July 23, 2010 at 7:38 am

Dudes, respect you very much for standing up for the american way of life, both of you have those dark eyebrows, am geting so fucking anal cause the nazi bush familia crime sydicate, and those who lie, never worked for a living, the truly evil scumbags are fucking up eveythying that is good, have lots of gangsters on my side, they work for a living, vermin in suits are destroying our country, thank your for standing up my fellow Americans.

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