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News Link • Corruption

Details of one Goldman deal reveal lopsided conflicts

• McClatchy News
 Some banks were only too happy to take big bets from Goldman against the housing market.

Merrill Lynch, the biggest player in the offshore market, remained bullish on the subprime mortgage market until late 2007 and plunged $369 million into a deal that Goldman assembled in 2006 in the name of a newly created Cayman Islands-based company, Broadwick Funding Ltd.

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