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Yana Kunichoff – Goldman Sachs’ New Loan Program Enters Underregulated, Potentially Abusive Loan Marketplace

In the heady and panicked months following the financial crash of 2008, the US government bailed out a handful of the United States’ biggest financial institutions. Among those were the investment banks Goldman Sachs and Morgan Stanley, which together received bailouts and loans totaling over $100 billion. Among the terms of the bailout was that they both become bank holding companies, which meant …