"Two Goldman traders, Michael Swenson and Josh Birnbaum, are credited with being responsible for the firm's large profits during the crisis.[18][19] The pair, members of Goldman's structured products group in New York, made a profit of $4 billion by "betting" on a collapse in the sub-prime market, and shorting mortgage-related securities."[1]
Two tradesmen made this in less than one year. I wouldn't be surprised if it's an order of magnitude less that the whole firm made through the whole period of the crisis.
"Two Goldman traders, Michael Swenson and Josh Birnbaum, are credited with being responsible for the firm's large profits during the crisis.[18][19] The pair, members of Goldman's structured products group in New York, made a profit of $4 billion by "betting" on a collapse in the sub-prime market, and shorting mortgage-related securities."[1]
Two tradesmen made this in less than one year. I wouldn't be surprised if it's an order of magnitude less that the whole firm made through the whole period of the crisis.
[1]: https://en.wikipedia.org/wiki/Goldman_Sachs#Actions_in_the_2...