Relevant:
- Goldman Sachs: Trust Us, For Real This Time, You Should Buy Subprime Mortgages, Seriously
- Goldman Bets on Property Rebound With New Fund: Mortgages
- DOJ and SEC to Probe Goldman Sachs on Lying and Defrauding Customers
- Goldman Sees `Bottom' as Besieged Wall Street Can't Yet Concur
- Even Goldman Sachs Secretly Believes That An Economic Collapse Is Coming
2012-11-30 — bloomberg.com
Goldman Sachs Group Inc. (GS), which survived the U.S. real estate collapse five years ago with the help of derivative bets against subprime mortgages, is promoting the opposite trade to clients as housing recovers.
The firm, which teamed with four other dealers to create the ABX indexes, benchmark contracts that offered investors a way to protect against the risks of a crash, said in a Nov. 28 report on its top 10 market themes for 2013 that clients should buy some of the derivatives.
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