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Politics : Politics for Pros- moderated

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To: LindyBill who wrote (361659)	4/28/2010 6:40:15 AM
From: Elroy	Read Replies (1) of 794358

In 2007, total net revenues from residential mortgage-related products, both longs and shorts together, were less than $500 million Does anyone know what they mean by 'revenue from mortgage related products'? Is Goldman's revenue from a mortgage backed security a) their commission - for putting buyers and sellers together, ie, just the brokerage part of a trade b) their trading profit - for buying a mortage security low and selling it high, or shorting it and buying it back, c) their commission for generating a new mortgage security (like an IPO commission) d) some combination of the above?

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