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The Goldman Sachs Group, Inc. Message Board

  • pollygold11 pollygold11 Feb 26, 2013 2:12 PM Flag

    GS is anti-American



    Goldman Sachs and other financials institutions saw that fraudulent lending was being perpetuated by industry insiders in the country.

    Goldman Sachs and other financial institutions were looking to sell these fraudulent mortgages on the open market so they sold them in bundles of debt, often mixed in with non-mortgage assets, called collateralized debt obligations (CDOs).

    Goldman Sachs and other financial institutions were having trouble selling these fraudulent mortgages-bundled-into-CDOs on the open markets so they pressured the ratings agencies of Standard and Poor's, Moody's and Fitch to lend more favorable ratings to the junk CDOs than they deserved (AAA). The financial institutions naturally do business only with ratings agencies who give them more favorable ratings so there is a huge incentive for the ratings agencies to push their ratings toward AAA.

    Godlman Sachs and other financial institutions were making a killing and found that there was more market demand for these kinds of products than there were actual (junk) assets to bundle up and

    This topic is deleted.
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