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That lasted until 2008, when unfettered lending finally toppled banks and pushed the global economy into a recession, spurring governments and central banks to spend trillions of dollars to stimulate.
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“You have a resource economy that’s been blown apart sitting on top of a housing bubble,” says Marc Cohodes, a well-known Wall Street short seller who’s betting against Canadian mortgage lenders.
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Chris Abrams Vice President at Royal United Mortgage Indianapolis, Indiana Area Financial Services
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Senator Tom Coburn, an Oklahoma Republican, was not impressed by Blankfein’s answer. (In December 2006, Goldman ended up mimicking Paulson’s short against the mortgage market, eventually making.
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Eric Ashton VP of Information Technology at Royal United Mortgage LLC Indianapolis, Indiana Area Financial Services