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In the documentary Inside Job. Allan Sloan a senior editor of Fortune magazine, described a Goldman Sachs deal in which home buyers borrowed 99.3% of
In the documentary "Inside Job." Allan Sloan a senior editor of Fortune magazine, described a Goldman Sachs deal in which home buyers borrowed 99.3% of the price of their houses. Amazingly, many of the deals backed by those loans were rated AAA, which means investors could have believed the loans were as safe as government securities. O highly risky of low credit quality
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