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It was as if investors were dumping anything with a hint of risk, and, paradoxically, rushing to Treasuries, the very securities that S.& P. had just downgraded.
(In what has been a major conflict of interest, they are paid by the issuers of the very securities they evaluate).
The bad news is that they face an acute incentive problem when they get paid by the issuers of the very securities they rate.
Goldman Sachs even used its own money to bet against the bundles — making huge profits off the losses of its clients on the very securities it had marketed to them.
Reporting the wipeout of one Long Beach security and the imminent collapse of another as bad news that would cost the firm $2.5 million, a Goldman Sachs employee then reported the good news: that the failure would bring the firm $5 million from a bet it had placed against the very securities it had assembled and sold.
His unit sold some of the very securities he criticized.
Similar(52)
We don't look like a threat to the very security of nations, but then planespotters mostly don't.
To them, Israeli incursions and blockades crippled the very security forces that were supposed to act against terrorists.
Television has featured some high-stakes extramarital affairs of late, with the presidency ("Scandal") and the very security of the United States ("Homeland") among the things at risk.
By hunting for the anthrax mailer at Fort Detrick, F.B.I agents and prosecutors highlighted the very security problems the lawsuit was seeking to expose.
Jailed numerous times in the Interior Ministry as a political prisoner, he now runs the very security agency that once sent him to death row.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com