Friday, April 16, 2010
"Explosive stuff," Felix Salmon says of the Goldman Sachs ([[GS]] -13.9%) fraud charges. But why did John Paulson and ACA escape the SEC's suit? They're culpable, but Goldman was "clearly central to the plan of deceiving investors into believing that the CDO was being managed by people who wanted it to make money, when in fact it was being structured by the biggest short-seller in the entire subprime market."
"Explosive stuff," Felix Salmon says of the Goldman Sachs ([[GS]] -13.9%) fraud charges. But why did John Paulson and ACA escape the SEC's suit? They're culpable, but Goldman was "clearly central to the plan of deceiving investors into believing that the CDO was being managed by people who wanted it to make money, when in fact it was being structured by the biggest short-seller in the entire subprime market.": "'Explosive stuff,' Felix Salmon says of the Goldman Sachs (GS -13.9%) fraud charges. But why did John Paulson and ACA escape the SEC's suit? They're culpable, but Goldman was 'clearly central to the plan of deceiving investors into believing that the CDO was being managed by people who wanted it to make money, when in fact it was being structured by the biggest short-seller in the entire subprime market.' Post your comment!"