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Corporate & Securities Law

: Representing Investors

Goldman Sachs Profiting From Financial Problems Of Some States

By Keith Griffin

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Public officials of financially strapped states like California, Florida, Nevada, Ohio, Wisconsin and Michigan are outraged at New York-based securities firm Goldman Sachs for advising some of its biggest institutional clients to bet against state municipal bonds by purchasing credit default swaps. Meanwhile, Goldman has collected millions of dollars in fees to help those states [...]

Full post as published by Representing Investors on December 10, 2008 (boomark / email).

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