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Goldman's Facebook Deal Is Worse Than Toxic Mortgages

Former Goldman Sachs managing director Nomi Prins says Goldman's $500 million Facebook deal is every bit as risky for investors as the subprime debt deals that blew up the economy.

Nomi Prins
Nomi Prins
articles/2011/01/07/goldmans-facebook-voodoo-why-its-social-media-deal-is-worse-than-toxic-mortgages/prins-goldman-facebook_151275_rbqxoe
Goldman Sachs C.E.O. Lloyd Blankfein, and the C.E.O. of Facebook, Mark Zuckerberg. (Credit: AP Photo)
Nomi Prins

Nomi Prins

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