CSPAN2 Book TV May 15, 2011
>> goldman sachs of the risk but at the same time they have created a huge conflict. the other tenant of their philosophy they believe the greatest managing conflict whether their client door internally in the business of managing conflict, i think that has gotten them into a lot of trouble. as you can see guess they were very smart about seeing trouble coming then making a big proprietary bet to evade them billions of dollars while the cost everybody else billions but they did not stop underwriting mortgage-backed securities causing the problem because they thought they could make m...