Goldman Finds New Way to Make Money Off Human Misery

To spread around some of the heat—and to create some market liquidity—the bank is said to have sold “at least $300 million face amount of the bonds to a small group of hedge funds” in New York and London. Unfortunately, many buyers who would otherwise jump on the opportunity are apparently wary of doing Marduro a solid (or at least the optics of doing so). If you want to help out your friendly neighborhood bank today, get your broker on the phone! More…