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Goldman Sachs sued by SEC for Fraud Tied to CDOs

 
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bucheon bum



Joined: 16 Jan 2003
PostPosted: Fri Apr 16, 2010 10:50 am    Post subject: Goldman Sachs sued by SEC for Fraud Tied to CDOs Reply with quote
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Goldman Sachs Group Inc. was sued by U.S. regulators for fraud tied to collateralized debt obligations that contributed to the worst financial crisis since the Great Depression. The firm�s shares tumbled as much as 16 percent and financial stocks slumped.


Bloomberg News article

FINALLY! Thank you SEC for doing something. I have a hunch GS will wiggle out of it but hey, this is something.
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