Posts Tagged ‘subprime mortgage market’

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Report IDs Financial Crisis Culprits

A report by the Senate’s Permanent Subcommittee on Investigations outlines the findings of a two-year probe. Among the findings were that Goldman Sachs profited from the financial crisis by betting billions against the subprime mortgage market, then deceived investors and Congress about its conduct. Other culprits cited by the panel are Washington Mutual, the Office [...]