Goldman Sachs, the Bank, made billions of dollars -- During the collapse of the housing market --US Senate investigation has discovered --Securities and Exchange Commission (SEC) filed civil fraud charges against Goldman Sachs The SEC claims that Goldman arranged mortgage investments -- without telling clients -- that the portfolio was put together with help from a hedge fund --- that was betting on them to fail.Senator Levin said the emails show Goldman shifted in early 2007 from neutral to a short position, betting that the mortgage market was likely to collapse. The Senate panel will also hear on Tuesday from Fabrice Tourre, the London-based bond trader who is named in the SEC charges.On Saturday, Goldman released a series of e-mails from Mr Tourre, in one of which he jokes that he has sold doomed investments to widows and orphans.
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