Friday, April 16, 2010 - 1:25 PM

SEC charges Goldman Sachs with fraud [Fortune]

From Fortune via CNNMoney.com

The Securities and Exchange Commission on Friday charged Wall Street's most gilded firm, Goldman Sachs, with defrauding investors in a sale of securities tied to subprime mortgages.

KenBDG4,048 posts since
Nov 29, 2009
Rep Points: 106,905

1. Friday, April 16, 2010 - 6:09 PM

Ok. Then why did we bail out a fraudster firm in 2008?

Anonymous963 posts since
May 9, 2010
Rep Points: 1,819

2. Saturday, April 17, 2010 - 6:01 PM

AIG owed Goldman Sachs a LOT of bucks. They got bailed out so they could pay Goldman. Also, who ran Goldman prior to becoming Treasury Secretary for Bush? It all stinks to high heaven. The savers are paying for all of it with low rates. We paid for it when the economy boomed also.

Anonymous963 posts since
May 9, 2010
Rep Points: 1,819

3. Saturday, April 17, 2010 - 8:49 PM

Hank Paulson of course.

Anonymous963 posts since
May 9, 2010
Rep Points: 1,819