re: #3 metrolibertarian

It’s simply another market for Goldman-Sachs and other classic market manipulators to engage in their classic brand of thievery. Matt Taibbi broke down how companies like GS are already getting involved in the hardly in existence market.

Here’s another report from several months ago:

How Goldman secretly bet on the U.S. housing crash
By Greg Gordon %P% McClatchy Newspapers

In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers that it also was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting.

Now, a five-month McClatchy investigation has found that Goldman’s failure to disclose those secret bets may have violated securities laws

SNIP