How Goldman Sachs Made Tens Of Billions Of Dollars From The Economic Collapse Of America
December 30, 2009 by Brendan Joseph
Filed under Media
The Economic Collapse December 30, 2009 Investment banking giant Goldman Sachs has become perhaps the most prominent symbol for everything that is wrong with the U.S. financial system, but most Americans cannot even begin to explain what they do or how they have made tens of billions of dollars from the economic collapse of America. The truth is that what Goldman Sachs did was fairly simple, and there may not have even been anything “illegal” about it (although they are now being investigated by the SEC among others). A d v e r t i s e m e n t The following is how Goldman Sachs made tens of billions of dollars from the economic collapse of America in four easy steps…. Step 1: Sell mortgage-related securities that are absolute junk to trusting clients at vastly overinflated prices. Step 2: Bet against those same mortgage-related securities and make massive bets against the U.S. housing market so that your firm will make massive profits when the U.S. economy collapses. Step 3: Have ex-Goldman executives in key…
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How Goldman Sachs Made Tens Of Billions Of Dollars From The Economic Collapse Of America
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