Re: [RC] S.E.C. Sues Goldman Over Housing Market Deal - NYTimes.com

[David R. Block]

Title: ORourke1 Signature

BWAHAHAHAHAHAHAHAHAHA!!!! David "Anyone who thinks he has a better idea of what's good for people than people do is a swine."--P. J. O’Rourke On 4/16/2010 12:38 PM, bil...@aol.com wrote: 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, drer...@radicalcentrism.org 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=print U.S. Accuses Goldman Sachs of Fraud in Mortgage Deals By LOUISE STORY and GRETCHEN MORGENSON Goldman Sachs, which emerged relatively unscathed from the financial crisis, was accused of securities fraud in a civil suit filed Friday by theSecurities and Exchange Commission, 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: Centroids@radicalcentrism.com http://radicalcentrism.com/mailman/listinfo/centroids_radicalcentrism.com Archives at http://radicalcentrism.org/pipermail/centroids_radicalcentrism.com/   _______________________________________________ Centroids mailing list: Centroids@radicalcentrism.com http://radicalcentrism.com/mailman/listinfo/centroids_radicalcentrism.com Archives at http://radicalcentrism.org/pipermail/centroids_radicalcentrism.com/

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