April 21, 2010
Goldman: Villian In Dumbed Down Fable
Sean Collins, The American Situation
The media is in a frenzy over Goldman Sachs.
On Friday the Securities and Exchange Commission (SEC) charged Goldman Sachs of securities fraud in a civil lawsuit. The SEC claims that the Wall Street giant deceived clients by selling them a subprime mortgage investment that was intended to fail.
The story has dominated the news over the weekend and today. It is claimed to be a very big deal, a court case that might define the financial crisis era. Yet, in one sense, I find it hard to see just what is so big about it. Just consider the information we know...
TAGGED: SEC, Securities and Exchange Commission, john paulson, Goldman Sachs, Sean Collins