Goldman's securities offerings in the 1920s were similar to its offerings in the mortgage-debt instruments sold in the 2000s.

Question

Quizplus · Accepted Answer

Both offerings were highly complex and structured financial instruments, marketed to investors as high-yield investments with low risk. However, in both cases, the underlying assets were of questionable quality, and ultimately led to significant losses for investors.

Goldman's Securities Offerings in the 1920s Were Similar to Its