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The Financial Crisis and Goldman Sachs

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Goldman Sachs lost billions of dollars in arranging, underrating, selling and trading synthetic CDOs between 2004 and 2007. This was one of the main causes of the financial crisis.

True or false and why?

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Solution Summary

This solution explains if the Goldman Sachs question listed is true or false, and why.

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True.

This was known as the Goldman Sachs CDO scandal and they were charged by the SEC with CDO violations. This ...

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