simonshack wrote:Oh, yeah...
http://voicesofseptember11.org/dev/memo ... 1005627426
fred wrote:Zebra prints just never seem to go out of style.
"During the 2007 subprime mortgage crisis, Goldman was able to profit from the collapse in subprime mortgage bonds in the summer of 2007 by short-selling subprime mortgage-backed securities. Two Goldman traders, Michael Swenson and Josh Birnbaum, are credited with being responsibile for the firm's large profits during the crisis. The pair, members of Goldman's structured products group in New York, made a profit of $4 billion by "betting" on a collapse in the sub-prime market, and shorting mortgage-related securities."
"Perhaps no one testifying April 27 to the Senate Permanent Subcommittee on Investigations embodied the communication gap between lawmakers and market-makers more than the 37-year-old Birnbaum. What senators referred to as betting against clients was "hedging" to Birnbaum."
http://seattletimes.com/html/businesste ... ing02.html
fred wrote:I never heard of Josh, but I just love this zebra print dress and matching headband!
http://voicesofseptember11.org/dev/adde ... photo6.bmp
As BrianV pointed out a while back, Zebra prints just never seem to go out of style.
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