Describes the controversial involvement of goldman sachs

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Reference no: EM132022541

The Beyond the Page feature, “Goldman Sachs Causes a Ruckus,” describes the controversial involvement of Goldman Sachs in a mortgage-backed securities deal in 2006. When this involvement was revealed, the market value of Goldman Sachs' common stock fell overnight by $10 billion. This was far more than any fine that might have been imposed. Explain.

Reference no: EM132022541

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