Goldman Sachs, the US investment bank, is accused of selling sub-prime mortgages to American house-buyers while simultaneously hedging its bets against people being able to keep up with the payments.
A win-win situation for the bank? Not according to the SEC, who have filed a lawsuit against the company.
The creative brain behind the deal, Fabrice Tourre, is now working in London, but perhaps wisely did not show for work this morning.
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