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ARGeezer:
Goldman Sachs was one of the last Wall Street giants to enter the subprime lending world, but when it did, it quickly climbed into bed with profligate, highflying firms -- companies such as New Century Financial Corp.
They make it sound like GS was a model of probity before the subprime bubble and was corrupted by it. The truth is probably more sinister :)

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Nov 5th, 2009 at 04:24:32 AM EST
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They were so busy stealing money elsewhere...

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Nov 5th, 2009 at 10:05:26 AM EST
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