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Goldman Sits High and Dry in Credit Crunch

Wall Street envies lone investment firm that got it right

By Kevin Spak, Newser Staff

Posted Nov 19, 2007 4:48 PM CST

(Newser) – When Goldman Sachs reported $2.85 billion in third-quarter profits, it sounded like an “I told you so.” As most financials reported credit-crunch pratfalls, Goldman alone had read the signs and gone the right way on mortgages. “You’d have to give... Read full story »

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Goldman Sits High and Dry in Credit Crunch

Wall Street envies lone investment firm that got it right

Goldman Sachs • subprime mortgages • credit market • investment banks

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More Newser Stories

Goldman Earnings Hit Record

Firm soars on trading, M&A, shorting subprime as others falter

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