Goldman Sachs was a global leader in causing the subprime foreclosure crisis. According to housing advocates, the firm's record bonus pool of $18 billion dollars could help 1.8 million homeowners get workouts for their subprime mortgages and prevent the subprime foreclosure wave from hitting the American and global economies in 2008. The homeowners choir greeted a Goldman Sachs investment bank holiday party outside BLVD, in New York City.
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