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Local climate Progress quoted Goldman as warning "that the price of oil has developed out of control as a consequence of excessive speculation" in petroleum futures, and that "Internet speculative positions are four times as high as in June 2008", when the price of oil peaked.[239]

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Goldman Sachs staff members have donated to both significant American political parties, as well as candidates and super PACs belonging to the two parties.

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Throughout the 2007 subprime house loan crisis, Goldman profited from the collapse in subprime property finance loan bonds in summer 2007 by short-selling subprime home loan-backed securities. Two Goldman traders, Michael Swenson and Josh Birnbaum, are credited with becoming responsible for the firm's large profits during the crisis.[68][sixty nine] The pair, customers of Goldman's structured items group in New York City, designed a profit of $4 billion by "betting" over a collapse within the subprime market and shorting house loan-related securities.

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