A Wall Street investment form doing something bad ? There must be some mistake. We all know the a firm like Goldman Sachs is above reproach, don't we ? Billy ---------------------------------------------------------------------------- ------ In a message dated 4/16/2010 10:31:46 A.M. Pacific Daylight Time, [email protected] writes:
Wow, nice to see somebody has the cajones to take them on... _http://www.nytimes.com/2010/04/17/business/17goldman.html?hp=&pagewanted=pr int_ (http://www.nytimes.com/2010/04/17/business/17goldman.html?hp=&pagewanted=print) U.S. Accuses Goldman Sachs of Fraud in Mortgage Deals By _LOUISE STORY_ (http://topics.nytimes.com/top/reference/timestopics/people/s/louise_story/index.html?inline=nyt-per) and _GRETCHEN MORGENSON_ (http://topics.nytimes.com/top/reference/timestopics/people/m/gretchen_morgenson /index.html?inline=nyt-per) _Goldman Sachs_ (http://topics.nytimes.com/top/news/business/companies/goldman_sachs_group_inc/index.html?inline=nyt-org) , which emerged relatively unscathed from the _financial crisis_ (http://topics.nytimes.com/top/reference/timestopics/subjects/c/credit_crisis/index.html?inline=nyt-classifier) , was accused of securities fraud in a _civil suit_ (http://www.sec.gov/litigation/complaints/2010/comp-pr2010-59.pdf) filed Friday by the_Securities and Exchange Commission_ (http://topics.nytimes.com/top/reference/timestopics/organizations/s/securities_and_exchange_commission/index.html?inline=nyt-org ) , which claims the bank created and sold a mortgage investment that was secretly devised to fail. The move marks the first time that regulators have taken action against a Wall Street deal that helped investors capitalize on the collapse of the housing market. Goldman itself profited by betting against the very mortgage investments that it sold to its customers. The suit also named Fabrice Tourre, a vice president at Goldman who helped create and sell the investment. = _______________________________________________ Centroids mailing list: [email protected] http://radicalcentrism.com/mailman/listinfo/centroids_radicalcentrism.com Archives at http://radicalcentrism.org/pipermail/centroids_radicalcentrism.com/
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