Economy

December 30, 2009 3:54 PM

Details of one Goldman deal reveal lopsided conflicts

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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