Goldman shorts mortgage market

It seems Goldman had a pointed objective to short the mortgage market and made $3.7 billion in the process. Hopefully, the government will come up with finance reform that will prevent this from happening in the future. Goldman will go in front of the Senate and will be asked hard questions to prove that they were planning to short the mortgage market. The Senate will be looking at emails to prove their point. Goldman was doing what companies do. They play within the set of rules or no rules to maximize profits. The problem with the finance community there are few if any rules and that's what needs to be changed.