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Loan Modification

: Mortgage Lender Implode-o-Meter

Goldman Armed Salespeople to Dump Bonds, E-Mails Show

By Implode-Explode Heavy Industries

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"The e-mails, including communications from Chief Executive Officer Lloyd Blankfein, show that employees discussed how to ?arm? salespeople to shed bonds the firm found too risky to hold. The e-mails were released yesterday by Senator Carl Levin in connection with a hearing where current and former managers testified about the firm?s role in the financial crisis."

Full post as published by Mortgage Lender Implode-o-Meter on April 28, 2010 (boomark / email).

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