Goldman taking away people’s homes

Dandelion Salad

TheRealNews

The Beckers fell months behind on their mortgage and finally found it was Goldman after their house

In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers that it also was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting. Now, a five- month McClatchy investigation has found that Goldman’s failure to disclose those secret bets may have violated securities laws.

see

How Goldman secretly bet on the U.S. housing crash (Part 1)

Goldman left investors holding its subprime bag (Part 3)

Obama Goes Wobbly Over More Stimulus By Mike Whitney

Housing Rebound? “Not so fast” By Mike Whitney

Bill Moyers Journal: James K. Galbraith + Richard Brookhiser