G.S along with their mates also recommended Contracts for difference (CFD's) and AAA mortgage packages to governments and shires.
Didn't that get called the global financial crisis 2008. IMHO.Role in the financial crisis of 2007–2008[edit]
Goldman was criticized for allegedly misleading its investors and profiting from the collapse of the mortgage market during the 2007–2008 financial crisis. This led to investigations from the United States Congress, the United States Department of Justice, and a lawsuit from the U.S. Securities and Exchange Commission[8] that resulted in Goldman paying a $550 million settlement in July 2010.[9] Goldman Sachs denied wrongdoing and stated that its customers were aware of its bets against the mortgage-related security products it was selling to them, and that it only used those bets to hedge against losses,[10][11]
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