Ruthlessness has many faces.
McClatchy: How Goldman secretly bet on the U.S. housing crash
"The Securities and Exchange Commission should be very interested in any financial company that secretly decides a financial product is a loser and then goes out and actively markets that product or very similar products to unsuspecting customers without disclosing its true opinion," said Laurence Kotlikoff, a Boston University economics professor who's proposed a massive overhaul of the nation's banks. "This is fraud and should be prosecuted."
3 comments:
If anyone else but Goldman Sachs ( AKA men with Sacks of Gold) had done this they'd be sitting right next to Bernie Madoff today discussing how to make it through their next shower. Instead, Goldman is KING of the Mt.on both Wall st. and DC today. Who said crime doesn't pay? Goldman Sachs real motto is the infamous WC Fields quote "NEVER GIVE A SUCKER AN EVEN BREAK!"
I know - the top exec said he was sorry last week and that's just about all that will occur. Must have been absolutely dreadful for the poor man to say that too. Poor guy.
Poor guy? Oxymoron!
Post a Comment