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

[Doug Henwood]

On Dec 14, 2007, at 9:16 AM, Charles Brown wrote:


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

Apparently not everyone on Wall Street shared Goldman's view. The  
standard opinion in the spring, if I'm remembering right, was that  
the worst of the housing bust was behind us, or was at least very  
close to an end.

Doug