Goldman Sachs is buying non-performing notes they screwed up.

Headlines

-Goldman Sachs will pay $5B for fraudulent sales of toxic debt, no one will go to jail.

- Goldman Sachs subsidiary again buys non-performing loans from Fannie Mae.

For those of you who forgot- Goldman Sachs led the charge during the mortgage crisis by securitizing mortgage pools and short-selling them. They made billions, got bailed out by you, the taxpayer, and are now buying the bad loans back from Fannie Mae (that's you, too) for dimes on the dollar. At least they could say "thank you."

Now they are buying non-performing mortgages by the $billions from Fannie Mae and other government sources.  Note to self- how do I get in on this deal?  and not hate myself when I look in the mirror?

Non-performing notes are fantastic ways to help heal our country from the mortgage crisis.  Small investors can buy these notes at big discounts to their unpaid balances.  When you approach a borrower with your investment in their note of dimes on the dollar you have flexibility to craft a winning deal that gets the borrower back into the American Dream and makes you a lot of money.  You need toknow how to screena tpae to find the notes that give you the best and most flexible exit strategies but if you do it right, you can avoid foreclosures in 80% of your deals and get your money back with a great yield in months. The vendors are out there so managing these notes is a paper and phone thing, not a hammer and anger thing.

From wikipedia-

Goldman Sachs was hit hard by the 2008 economic crisis,[4] because of its involvement in subprime mortgages, and was subsequently rescued as part of a massive U.S. government bailout.

Former Goldman executives who moved on to government positions include, but are not limited to, Robert Rubin and Henry Paulson who served as U.S. Secretaries of the Treasury under former Presidents Bill Clinton and George W. Bush, respectively; Mario Draghi, President of the European Central Bank, and Mark Carney, Governor of the Bank of Canada from 2008–13 and Governor of the Bank of England since July 2013.

...During the 2007 subprime mortgage crisis, Goldman was able to profit from the collapse in subprime mortgage bonds in the summer of 2007 by short-selling subprime mortgage-backed securities. Two Goldman traders, Michael Swenson and Josh Birnbaum, are credited with being responsible for the firm's large profits during the crisis.[20][21] The pair, members of Goldman's structured products group in New York, made a profit of $4 billion by "betting" on a collapse in the sub-prime market, and shorting mortgage-related securities. By summer 2007, they persuaded colleagues to see their point of view and convinced skeptical risk management executives.[22] The firm initially avoided large subprime write-downs, and achieved a net profit due to significant losses on non-prime securitized loans being offset by gains on short mortgage positions.