September 2018
Intermediate to advanced
392 pages
10h 16m
English
Example
Between 2005 and 2007, Goldman Sachs, one of the most prestigious financial firms in the world, sold its clients so-called mortgage-backed securities (MBSes), a type of investment that is secured by a mortgage – allowing its clients to benefit from the booming housing market, without having to buy an actual house. In 2006 however, home prices began to slide and an increasing number of homeowners struggled to pay their monthly mortgage. As a result, the value of MBSes declined, and the bank’s clients were likely to lose their investment. However, despite these worrying signs, Goldman Sachs did not alert the 200,000 clients who had ...
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