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Goldman Sachs Withdraws From Massachusetts Underwriting Teams

By Implode-Explode Heavy Industries

"Goldman Sachs, the world?s most profitable investment bank, has asked to be excluded from managing bond sales for the Massachusetts Bay Transportation Authority and Massachusetts Housing Finance Agency since October, according to state officials. The New York-based firm has been senior banker on about $7 billion of Massachusetts and agency bonds since 2001 and last was hired to sell securities for the government in June, according to data compiled by Bloomberg."

Full post as published by Mortgage Lender Implode-o-Meter on December 16, 2010 (boomark / email).