Goldman Sachs Advised to Short California Bonds It Helped Sell

The investment banker Goldman Sachs collected millions of dollars in fees to help California sell bonds, supposedly the most secure of investments. But at the same time, Goldman Sachs was showing other clients how to profit from California's financial troubles, by betting against those very same bonds. Sharona Coutts reports for the investigative journalism project ProPublica, which published the story today with the Los Angeles Times.