A predator is prowling and the prey is you and your pension fund. An article by Greg Gordon at McClatchy.com (here) describes how Goldman (GS) sold $40 billion in AAA-rated mortgage securities in 2006-07 to unsuspecting buyers.

Here is an excerpt from the McClatchy article:

To piece together Goldman’s role in the subprime meltdown, McClatchy reviewed hundreds of documents, SEC filings, copies of secret investment circulars, lawsuits and interviewed numerous people familiar with the firm’s activities.

McClatchy’s inquiry found that Goldman Sachs

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