WASHINGTON — A senior executive for Goldman Sachs has acknowledged that the investment banker used its own money to bet against subprime mortgages through American International Group — reversing its oft-repeated position that it was acting only on behalf of its clients. A package of deals that possibly cost Goldman less than $10 million had a face value of $3 billion.
This story is no longer avaiable.
However, a copy might still be available at www.timesunion.com
