Saturday, April 24, 2010
Remember that big pool of mortgages Goldmine Sachs & Paulson bet against?
The Wall St Journal, showing some pre-Murdoch reportorial skills, tracked down the mortgagees who lost so they could make $Millions. Some were liar loans, some were broker frauds and others were just plain hard luck but they fit the bill that Paulson and GS were looking for. And in the end they are all people who wanted a home.
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