Well, because of bad government policies in Wall street that abused the system and you can name the name, obviously Bear Stearns, Lehman Brothers failed because of it. Goldman Sachs was packaging junk mortgage, selling them to their clients, but shorting the very stuff they were selling. They were very complicit in it. What happened when the whole system Went down the big giant banks and Wall street got bailed out. And what did they do? (06:01–06:09)
CLAIM
Asserts that Goldman Sachs was involved in selling junk mortgages while shorting them.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
