2007-12-03nytimes.com

"if a top economist at Goldman Sachs was saying housing was in trouble, why did Goldman continue to underwrite junk mortgage issues into the market?"

While we chuckle at Ben Stein's continued permabull perspective regarding Hatzius' report, we do agree Goldman's apparent principal-agent conflicts justify some serious scrutiny. Still, as a large banking conglomerate, we don't expect that Goldman would have a singular voice -- nor act in a singular manner.



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