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7 hours ago ago from Hiddenagendanews's Bl

Banks Bundled Bad Debt, Bet Against It and Won By: By Gretchen Morgenson and Louise Story In late October 2007, as the financial markets were starting to come unglued, a Goldman Sachs trader, Jonathan M. Egol, received very good news. At 37, he was named a managing director at the firm. Mr. Egol, a Princeton graduate, had risen to prominence inside the bank by creating mortgage-related securities, named ...

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Ulterior Agendas

31 minutes ago ago from Institutional Financial Derivatives

Banks Bundled Bad Debt, Bet Against It and Won NYT In late October 2007, as the financial markets were starting to come unglued, a Goldman Sachs trader, Jonathan M. Egol, received very good news. At 37, he was named a managing director at the firm. Mr. Egol, a Princeton graduate, had risen to prominence inside the bank by creating mortgage-related securities, named Abacus, that were at first intended to protect Goldman from ...

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There's Fraud In Them Thar Wall Street Hills; But Will The Federal Government Do Its Job And Bring Justice?

15 hours ago ago from Delaware Way

McClatchy News gets the gold this year in exposing Wall Street fraud. I just hope that the leaders on the Beltway are paying attention... More from McClatchy ~ How Goldman secretly bet on the U.S. housing crash (h/t Atrios ) ( image : The original owner of the 2BG2FAIL license plate, Robert Kindler, a vice chairman at Morgan Stanley who is one of the firm’s top mergers and acquisitions advisors, has a new license ...

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Wall Street crooks under investigation

2 hours ago ago from truthalyzer.com

In Banks Bundled Bad Debt, Bet Against It and Won, New York Times reporters describe how Goldman Sachs and other financial firms earned billions creating mortgage-related securities . . . that were at first intended to protect Goldman from investment losses if the housing market collapsed. The firms kept their increasing concerns about the risks of these investments to themselves, and even worse, decided to double down on their bets against ...

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THE EVIL FRAUD WHICH ALLOWED THE BIGGEST INVESTMENT BANKERS TO UNLOAD THE BAD BUBBLE DEBT ON OTHERS

6 hours ago ago from THE ASTUTE BLOGGERS

ONE OF THE CRIMES OF THE CENTURY : In late October 2007, as the financial markets were starting to come unglued, a Goldman Sachs trader, Jonathan M. Egol, received very good news. At 37, he was named a managing director at the firm. Mr. Egol, a Princeton graduate, had risen to prominence inside the bank by creating mortgage-related securities, named Abacus, that were at first intended to protect Goldman from investment losses if the ...

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Banks Bundled Debt, Bet Against It and Won

18 hours ago ago from The New York Times

In late October 2007, as the financial markets were starting to come unglued, a Goldman Sachs trader, Jonathan M. Egol, received very good news. At 37, he was named a managing director at the firm. Mr. Egol, a Princeton graduate, had risen to prominence inside the bank by creating mortgage-related securities, named Abacus, that were at first intended to protect Goldman from investment losses if the housing market ...

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