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11-14-2007, 10:19 PM
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Vote Obama or McCain!
Join Date: Aug 2007
Location: NYC
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Goldman Sachs Betting Crisis Going On
Goldman Sachs Betting Crisis Going On
Wednesday, November 14, 2007 - FreeMarketNews.com Goldman Sachs, the feted investment bank and the only major Wall Street firm to have avoided giant losses from the credit crisis, is betting that the chaos in the American mortgage market will continue to get worse. As some of the finance industry's most powerful executives gathered for an industry conference in Manhattan, Lloyd Blankfein, the chief executive of Goldman Sachs, said his firm was still holding to its lucrative bets that the value of mortgage-backed securities will fall. -Independent (Britain) Click Here For The Full Story |
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