[lbo-talk] Goldman Sachs walks on water; its clients, not so lucky

[Charles Brown]

Wall Street Journal - December 14, 2007

How Goldman Won Big
On Mortgage Meltdown

A Team's Bearish Bets
Netted Firm Billions;
A Nudge From the CFO

By KATE KELLY
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The group's big bet that securities backed by risky home loans would  
fall in value generated nearly $4 billion of profits during the year  
ended Nov. 30, 

^^^^^
CB: Isn't it a pretty safe bet that risky home loans will fall in value

 ?