Detailed text transcripts for TV channel - CNN - 20100419:15:31:00
Value fell with the housing market. >> goldman created securities along with other people on wall street. they were value-destroying securitizations spewing out of their financial meth labs. today, they are trying to pretend they weren't responsible for massive systemic risk. >> reporter: goldman sachs disputes that, priding itself in being a top manager of risk. as far as back as 2006 it saw trouble ahead and began selling off the mortgage-backed securities. the problem is, critics say, goldman continues to sell toxic assets to others while at the same time investing in bets that they were go...
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