April 14, 2011 8:06 PM

While Goldman raked in profits, clients squirmed

With the housing market deteriorating rapidly in 2008, Morgan Stanley traders wanted to sell off hundreds of millions of dollars in securities positions that had been downgraded by credit ratings agencies and recover what money they could. But as the deal's liquidation manager, Goldman Sachs had plenty of reasons for resisting.

Related content

Suggested for you



Editor's Choice Videos