A fundamental problem with Goldman Sachs' GSAMP Trust was that:
A)loans were given to people with poor credit histories.
B)homeowners' equity in the securitized mortgages was less than 1%, on average.
C)loans were given to people with no income.
D)a sizeable portion of the securitized loans had little or no documentation.
E)All of the above

Question

Quizplus · Accepted Answer

The fundamental problem with Goldman Sachs' GSAMP Trust was multifaceted, involving loans given to people with poor credit histories, homeowners having less than 1% equity in the securitized mortgages, loans given to people with no income, and a significant portion of the securitized loans having little or no documentation.

A Fundamental Problem with Goldman Sachs' GSAMP Trust Was That