SEC Sues Goldman Sachs

[finnbow]

Holy Shit. This may not come as a great surprise to some (e.g., Rob), but how about this. The SEC is suing Goldman Sachs for designing a scheme whereby it profited by betting against the very mortgage investments that it sold to its customers. Now doesn't that just beat all?

[merrylander]

Well that is exactly what those bastards did, hope they get their arse kicked.

[Charles]

And all of this time I didn't think we had a bunco squad.

Chas

[noonereal]

we need everyone from CEO's to the mortgage brokers in jail

[Boreas]

Originally Posted by Charles

And all of this time I didn't think we had a bunco squad.

Chas

Nothing was likely to happen while Hank Paulson was Bush's Treasury Secretary. He used to be CEO of Goldman Sachs. Goldman's partner in crime for this swindle was Paulson & Co whose CEO John Paulson. I wish I could say the two are related but they're not. Just one of life's strange coincidences.

John

[Grumpy]

Originally Posted by finnbow

Holy Shit. This may not come as a great surprise to some (e.g., Rob), but how about this. The SEC is suing Goldman Sachs for designing a scheme whereby it profited by betting against the very mortgage investments that it sold to its customers. Now doesn't that just beat all?

Did they all not do that ?

[finnbow]

Originally Posted by Grumpy

Did they all not do that ?

Don't know. But just in case, throw the whole lot in jail.

[Grumpy]

Works for me

[BlueStreak]

Originally Posted by Grumpy

Works for me

+1

Dave

[merrylander]

Hardly worth the cost, according to all the books coming out on the bubble bursting they are a bunch of incompetent boobs. Apparently corporate America is anything but a meritocracy, they got ahead by scheming and ass kissing.