Detailed text transcripts for TV channel - CNN - 20100425:14:01:00
Housing market would go, up or down, with goldman sachs playing the role of the bookie. the now governmegovernment now goldman sachs portrayed fraud. they say goldman had to find someone to bet on the other side. even if paulson had chosen the securities, why is that illegal? somebody picks a bundle of stocks or securities they wish to bet against. they then ask companies like goldm m goldman sachs to find someone to take the other side of that bet. someone betting against the stockses or securities think they're garbage. the guy betting in favor disagrees and it is that disagreement on the qu...
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