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 Net Rises 79 Percent, Lifted by Mortgage Bets
- Bear Stearns Profit Plunges 61% on Subprime Woes
- Goldman Sachs CEO Lloyd Blankfein Gets Catty Like The Women From Dynasty
2011-04-15 — cnbc.com
"In September of 2007--following the collapse of those Bear Stearns hedge funds--Goldman publicly revealed in its quarterly report that it had positioned itself to profit from the collapse of subprime mortgage values. In a press release, Goldman said that "significant losses" on some positions were "more than offset by gains on short mortgage products.""
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