Staying Informed

A Real Estate Surge Revives Goldman's Doom-Era Bonds

As they marketed one of the biggest commercial-mortgage bond deals ever in June 2007, just as credit markets began to crumble, bankers at Goldman Sachs Group Inc. and Royal Bank of Scotland Group Plc (RBS) handed out T-shirts depicting a glass it declared "half full." The bonds are rising after distressed real estate, including properties in the 2007 deal, sold in an auction for more than their ...


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