Quote:
Originally Posted by Sami
pretty much every bank in the us and alot of the banks outside of US had large exposure to US subprime mortgage.
The only one that called this failure of the subprime lending was goldman sachs, and they shorted the entire subprime industry earning them billions !!!
Impressive call!
Goldman sachs are the only analysts that seem to get it right over and over again!
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In this case it was their association with Sumitomo Corp and their experience with past lending mistakes in Japan, or Goldman might also be having problems.