Goldman Sachs is being charged with fraud in a civil case by SEC (Security and Exchange Commission). Essentially, the SEC is charging Goldman Sachs with creating a basket of toxic assets, selling them to their customers and then begging against the deals. DIRTY! DIRTY! DIRTY!
Paulson & Co. not charged in SEC suit against Goldman
http://www.marketwatch.com/story/paulson-co-not-charged-in-sec-suit-vs-goldman-2010-04-16?dist=countdown
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ReplyDeleteBill Black who was a regulator during the savings and loan crisis of the 1980's said John Paulson and Company could and should be charged as co-conspirators. My guess is a show trial with no one going to jail.When are they sending Dick Fuld of Lehman Brothers to jail?
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