Finally!! Goldman Sachs and Executive Charged With Fraud!

[ktlight]

'The Securities and Exchange Commission Friday charged Goldman Sachs & Co. and one of its executives with fraud in a risky offshore deal backed by subprime mortgages that cost investors more than $1 billion.

The SEC also contends that Goldman allowed a client, Wall Street hedge fund Paulson & Co., to help select the securities to be sold. Paulson in turn bought insurance against the deal and when the securities tanked, losing almost all their value, Paulson made a $1 billion profit.

The civil fraud charges were the first to be filed against Goldman, the prestigious Wall Street investment-banking titan that’s at the center of multiple inquiries into the causes of the global financial meltdown. Paulson has acknowledged that it reaped a $3.7 billion profit by betting against the housing market as it nose-dived in 2006 and 2007.'

source
http://blog.alexanderhiggins.com/2011/04/18/finally-goldman-sachs-executive-charged-fraud-18231/

[jupiter]

Thank you, about time some one is being called to account ,lets hope there is more to come
Kind regards James

[Taurean]

Fall guy, - poor sod carrying the can for the real culprits ! - no doubt he'll still get his bonus !

[grannyfranny100]

Now how about some of the big boys instead of just some 31 year old hot shot.

[astrid]

yes but let just hope it sticks.... maybe we need some meat glue here eh??

[Lord Sidious]

Let him get done.
Then goldman sachs can be vicariously liable as they should be.

[SKAWF]

i'm fairly sure that if you were to trace the origins of this, you'd get back to what Christpher Story said.
that during the second world war, german inteligence realised that there was a chance they would lose the war,
so they set up, in Madrid, something like, the german geopolitical center.

at this point it would be easier to find the video.


http://www.youtube.com/watch?v=Jug-W-DKcms


http://www.youtube.com/watch?v=lB18PIYbSYw&feature=related


http://www.youtube.com/watch?v=ITaDBeqslCc&feature=related

[crosby]

i'm hoping the domino affect takes place here. they'll throw out the underlings to save their own a$$e$, but, i have the feeling that if the demand is high enough, the boys further up the ladder will start to fall as well....... it will be interesting and entertaining to watch them turn on each other... this is definitely a stay-tuned moment.
regards, corson