Janet Tavakoli: Did Goldman Sachs Commit Fraud?
April 20th, 2010Via: Jesse’s Café Américain:
Yes. The only thing that was surprising how long the SEC took to do it.
The complaint does not go quite far enough. It was a blatant fraud, more than just a failure to disclose information.
And this may be the beginning of a lot of questions about a lot of investment banks. It has massive implications IF the SEC does its job right, which they have not done in the past.
Research Credit: dagobaz
