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Breaking News Home | All | Religion | Society | Tech | Choice | FF | SA News
FRONT PAGE  |  1/23/2017
SATURDAY, APR 17, 2010
Goldman Sachs Charged With Fraud
Goldman Sachs Group Inc.—one of the few Wall Street titans to thrive during the financial crisis—was charged with deceiving clients by selling them mortgage securities secretly designed by a hedge-fund firm run by John Paulson, who made a killing betting on the housing market's collapse.

Goldman vigorously denied the Securities and Exchange Commission's civil charges, setting up the biggest clash between Wall Street and regulators since junk-bond king Drexel Burnham Lambert succumbed to a criminal insider-trading investigation in the 1980s, helping to define the era. "The SEC's charges are completely unfounded in law and fact," Goldman said in a statement, promising to "contest them and defend the firm and its reputation." ...


CLICK HERE to Read Entire Article
online.wsj.com

Advice For Hopelessly In Debt?
  START  
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