Goldman Sachs Charged With Fraud: Who Could Have Guessed? Part 1
SEC Charges Goldman Sachs (GS) of Fraud in CDO Tied to Subprime
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.
Credit-rating firms' shares plunge on subprime-related court ruling
It troubles me greatly to know that while the 30 year Treasury bond is yielding a mere 4.6%, we are not locking in that low rate for our newly issued debt. Any thinking American knows it would be best to take advantage of that ridiculously low yield and finance the Treasury's borrowing at the long end of the curve.
Housing Bubble Equals Lack Of Personal Responsibility
The ugly truth can sometimes yield beautiful profits, says Irwin Greenstein, writing for Contrarian Profits. But the truth exposed by the US government’s recent round of Wall Street bailouts is that the US actually lost the Cold War in terms of its free-market philosophy. Investors should adjust their portfolios accordingly…