[strangeattractr]

Junk bonds are bonds with high credit risk, what’s wrong with selling them to customers who are after high yields?

[yarky]

It's not like junk was a part of the name right?

[bilvar]

Didn't they get credit agencies to rank them as premium and not junk though? I think that we know they were junk after the fact.

[mlrtime]

Junk bonds are just High Yield bonds at a certain rating. GS doesn't set the Price/Yield or the rating.