For example--presumably of your decision on directional view--during most of 2007, we maintained a net short sub-prime position and therefore stood to benefit from declining prices in the mortgage market.
Carl Levin: “For example--presumably of your decision on directional view--during most of 2007, we maintained a net short sub-prime…”
Editor's note · Context
Levin highlights Goldman Sachs' strategy during the mortgage crisis.
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