Engineering Politics
One Engineer's view on life, liberty, and the pursuit of happiness–and of course politics!

Goldman Sachs and the housing collapse

John C. Dvorak and Adam Curry of No Agenda certainly have it in for Goldman Sachs.  Whether it is micro-trading, or their ability to place ex-employees in high levels of government, there is a lot of suspicion around the company.  Now they have found something more to bash them about.  Check out Dvorak’s blog for an entry on Goldman selling off mortgage securities before the crash.  Full article from McClatchey found here.

The article contains some interesting observations about Goldman’s dealings.  But is it illegal–or are they just smarter than everyone else?

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