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Updated about 15 years ago on . Most recent reply

Robert Mack's profile image
Robert Mack's profile image
Robert Mack
  • Real Estate Investor
  • from Bergen County, New Jersey
  • Member since Mar 3, 2008
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Robert Mack's profile image
Robert Mack's profile image
Robert Mack
  • Real Estate Investor
  • from Bergen County, New Jersey
  • Member since Mar 3, 2008
Connect
Robert Mack
  • Real Estate Investor
  • Bergen County, NJ
72
Votes |
390
Posts
Off Topic

Top Bank Sued by SEC

Robert Mack
  • Real Estate Investor
  • Bergen County, NJ
Posted

Goldman Sachs, one of the top banks, is being sued by the SEC because of the misstating of data on it CDO's (http://en.wikipedia.org/wiki/Collateralized_debt_obligation ) it was selling.... just added proof all banks are crooks?

From Bloomberg and Business Week:

Goldman Sachs Sued by SEC for Fraud on Mortgage-Backed CDOs

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