Detailed text transcripts for TV channel - CNN - 20100417:05:04:00
To people who were buying it as if it was a normal investment. and it is those residential mortgage-backed securities, those bonds, that you're talking about. >> and for all these accusations, the money they're accused of making is $15 million. >> very little. >> which for goldman sachs isn't a lot of money. >> i would guess they make more out of their vending machines. naets that's exactly the point. the question here is did goldman knowingly sell a bad investment to its unsuspecting investors without saying someone is betting against this investment actively so it is likely to lose value? th...
Source: news source