vimarsana.com

Latest Breaking News On - Subprimes - Page 2 : vimarsana.com

Detailed text transcripts for TV channel - FOXNEWS - 20100427:15:35:00

hawkish. right now what we re seeing is the four goldman sachs trader, the first panel, the senate has the performance review, so they re going to be look at how these traders were paid and the conflicts of interest that they could have made bets off of, and nine the and the big thing is proprietary trading and too big to fail. some of the assets, they sold bear stearns hedge funds who caused that firm to collapse. gregg: what i don t get is fabrice saying this was not designed bail, get paulson, who was bearish on subprimes, invariably pinks picked stinkers. he cherry picks these. the senate is not going is not saying goldman sachs did anything illegal but they are saying you which arey picked and had the bad assets that you bet against in the proprietary trading desks and shopped them to the buy and hold crowd, the main street sort of

Detailed text transcripts for TV channel - CNN - 20100418:19:27:00

goldman engaged in fraud essentially by deceiving investors and playing two hands. here is exactly what happened. this all involved mortgage-backed securities, investments in mortgage-backed securities and an investment pool put together to track a group of these mortgage securities, okay? so on the one hand goldman put together investors. now, they were buying into this investment based on the mortgage securities in subprimes, not high-quality mortgages, okay? on the other hand, goldman also was doing business with a giant hedge fund, paulson & company, and that firm was actually betting against some of these mortgage securities. goldman told the investors that a third party was picking the mortgages in this investment while, in fact, paulson, which was betting against these mortgage securities, was involved in selecting which mortgages were in there. so the sec is saying a conflict of interest here, a case of

Detailed text transcripts for TV channel - FOXNEWS - 20100418:21:09:00

is it took taxpayer money, but, it became one of the most profitable of the wall street banks. and, basically, what they were doing was, they were taking these things called cdos and, you can call them xyz, abcs, but as you said, they were the riskiest of the mortgage instruments. they were designed to fail, and they were designed by a hedge fund guy who made a killing on the whole gregg: treep 3.7 billion dollars, and he knew they d go down and they were the worst of the worst subprimes and the clients buying the bonds would only make a profit if the value gained, right? exactly. if they were sold as basically your this is a steady, perhaps a little bit risky way of betting on the housing market. the boom would continue.

Detailed text transcripts for TV channel - CNN - 20100417:17:27:00

this all involved mortgage-backed securities, and investments in mortgage-backed securities in an investment pool put together to track investment securities. on the one hand goldman put together investors. they were buying into the investment based on the mortgage security in subprimes, and not high quality mortgages, okay? and then on the other hand goldman was doing business with a giant hedge fund, paulson and company, and that firm was betting against some of the securities. goldman told the investors that a third party was picking the mortgages in the investment, while in fact paulson, which was betting against the mortgage securities was involved in selecting which mortgages were in there. so the scc is saying a conflict of interest here, a case of fraud. where are we in this as we know? the scc filed charges, and they are civil charges and not kr

Detailed text transcripts for TV channel - MSNBC - 20161130:20:06:00

california that had all kinds of mortgages attached. remember, it was southern california where you saw a huge amount of subprime happen. this bank that he was involved in had something like 36,000 foreclosures and even the foreclosure practices were criticized for poor conduct. paul johnson was one of the biggest beneficiaries to betting against subprimes. when you think about what has angered america so much, they lost their homes, their jobs, rich guys got bailed out and rocked on and that s who is sitting on top. let me tell you, there was not a bank ceo. and now they are all at the

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.