Goldman Sachs apparently recommended to many of their clients in 2006-2007, to buy into junk mortgage securities that Goldman Sachs was simultaneously betting would go short.
There are trillions of dollars depending on the following civil cases.
Report: This all comes about because GS had to settle with the SEC over the infamous Abacus deal by paying a half-billion dollar fine so as to avoid admitting fault or wrongdoing.
But Allstate figures Goldman should hand over $123 million to them for passing off dog food loans it was building up as prime rib in public.
Of course, everyone on the planet got caught selling short in that deal, and now AIG is suing Bank of America to the tune of $10 billion dollars for the monumental mess it caused the entire world economy.