T/F Question about the 2008 Financial Crisis 1. In 2008, Goldman Sachs owned a large position...

T/F Question about the 2008 Financial Crisis 1.

In 2008, Goldman Sachs owned a large position of Securitized Mortgage Pools but they offset their position with Credit Default Swaps purchased primarily from AIG

Is this true or false?

Expert Solution

True;

AIG was selling Credit default swaps to companies especially to Goldman Sachs which saved them from Bankruptcy.

jeff jeffy answered 2 years ago

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T/F Question about the 2008 Financial Crisis 1. In 2008, Goldman Sachs owned a large position...

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