Monday, May 23, 2011

Want to read more about Goldmine Sachs criminal activity?

The HuffPo has an excerpt from the book Reckless Endangerment by Gretchen Morgensen and Joshua Rosner that looks at Goldmine's intimate relationship with one of the most reckless subprime mortgage originators.
The relationship forged by Wall Street's most prestigious firm, Goldman Sachs, with one of the nation's most wanton mortgage originators -- Fremont Investment & Loan -- is a case in point. Fremont, a company with a regulatory rap sheet and a history of aggressive lending, received $1 billion in financing from Goldman in 2005, fully one-third of the total it received from all of its Wall Street enablers.
It's an ugly way to start the week.

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