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(Image from article: "Goldman Sachs misled clients, lawmakers on CDOs, Senate panel says")

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Goldman Sachs misled clients, lawmakers on CDOs, Senate panel says

Goldman Sachs misled clients, lawmakers on CDOs, Senate panel says

Goldman Sachs designed, marketed and sold collateralized debt obligations that misled investors and created conflicts of interest as the company built short positions before the U.S. housing market collapsed, a Senate panel said in its report on the financial crisis.

 

Investors Lost, Goldman Won on WaMu Deal

Recently released emails show how Goldman Sachs built its mortgage business by closely working with lenders such as Washington Mutual and Long Beach, two firms that a Senate review said "polluted the financial system" with souring loans.

 

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