Relevant:
- DOJ and SEC to Probe Goldman Sachs on Lying and Defrauding Customers
- Stocks Lifted by Goldman Sachs' Good News on Subprime and Wal-Mart's Strong Earnings Report
- Goldman Sachs Undermines the Housing Markets, Kills the Economy, and Feels Bad for Qaddafi
- Viewing Goldman Sachs from a Mortgage Banker's Perspective
- Goldman Takes Heat for Conflicts at Whitehall
2007-12-03 — nytimes.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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