Monday 19 April 2010

Goldman Sucks

Rats are leaving a stinking ship: clients, etc.

Goldman Sachs, the US investment bank, is accused of selling sub-prime mortgages to American house-buyers while simultaneously hedging its bets against people being able to keep up with the payments.

A win-win situation for the bank? Not according to the SEC, who have filed a lawsuit against the company.

The creative brain behind the deal, Fabrice Tourre, is now working in London, but perhaps wisely did not show for work this morning.


Search Amazon.com for Goldman Sachs

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