CORRECTED-COLUMN- Did this trigger Goldman's MBS 'big short'?: Frankel
July 11, 2014 at 14:38 PM EDT
NEW YORK (Reuters) - It is an axiom of the financial crisis that Goldman Sachs realized before any of the other big banks that the mortgage-backed securities market was going to implode in 2007. Goldman dumped MBS and shorted the market, turning a profit in its mortgage department when every other major financial institution suffered record losses.