An animated primer on the allegations against Goldman Sachs
- 9 years ago
Lloyd Blankfein, the chief executive of Goldman Sachs, is set to testify before the US Senate about the behavior of the investment bank during the mortgage meltdown of 2007-2008. One area of focus is likely to be the short bets Goldman Sachs helped arranged for hedge fund manager John Paulson. The Securities Exchange Commission alleges that Goldman Sachs duped investors into buying long positions on mortgage-based investments, so that it could sell a short position to John Paulson.