16-04-2010, 08:48 PM
Jan Klimkowski Wrote:Quote:SEC Charges Goldman Sachs With Fraud On Subprime Mortgages, Paulson & Co. Implicated
Washington, D.C., April 16, 2010 — The Securities and Exchange Commission today charged Goldman, Sachs & Co. and one of its vice presidents for defrauding investors by misstating and omitting key facts about a financial product tied to subprime mortgages as the U.S. housing market was beginning to falter.
http://www.zerohedge.com/article/breakin...-mortgages
Comments at Zero Hedge suggest that this is all theatre.
Essentially, the claim is that Goldman Sachs and their alumni, who do after all dominate Obama's "financial" team, tipped the wink early and GS traders have made enough money on the change in GS shareprice to have covered any potential fine and made a tidy profit.
:call2:
This would of course be insider trading, but that's never stopped them. After all, They ARE the cops... :thefinger:
"It means this War was never political at all, the politics was all theatre, all just to keep the people distracted...."
"Proverbs for Paranoids 4: You hide, They seek."
"They are in Love. Fuck the War."
Gravity's Rainbow, Thomas Pynchon
"Ccollanan Pachacamac ricuy auccacunac yahuarniy hichascancuta."
The last words of the last Inka, Tupac Amaru, led to the gallows by men of god & dogs of war
"Proverbs for Paranoids 4: You hide, They seek."
"They are in Love. Fuck the War."
Gravity's Rainbow, Thomas Pynchon
"Ccollanan Pachacamac ricuy auccacunac yahuarniy hichascancuta."
The last words of the last Inka, Tupac Amaru, led to the gallows by men of god & dogs of war