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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.
By Warren Olney • • 1 min readThe 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.
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Global Warming, the Auto Industry and Barack Obama- 1:30Goldman Sachs Advised to Short California Bonds It Helped SellYou’re reading this
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The full episode
1 of 3Global Warming, the Auto Industry and Barack Obama- 1:30Goldman Sachs Advised to Short California Bonds It Helped SellYou’re reading this
- 7:58Global Warming, the Auto Industry and Barack Obama
- 20:10LA Resident Returns to the Scene of the Kiss on Veterans Day