Goldman Sachs, a prominent investment bank, has been accused of not only predicting the 2008 financial crisis but also profiting from it. Critics argue that the bank engaged in risky subprime mortgage-backed securities trading while simultaneously betting against these investments through credit default swaps. This strategy allowed Goldman Sachs to reap substantial profits while contributing to the housing market collapse and subsequent financial meltdown. The bank's actions have been widely criticized, leading to accusations of unethical behavior and calls for increased regulation in the financial industry.
