Goldman and Sachs took a huge hit Friday down 12.79% as the SEC charged the financial goliath with subprime mortgage fraud. Goldman and Sachs marketed and sold a shorted bond mortgage fund to customers even though they knew that the hedge fund was betting against the bond fund. The investors of the fund lost millions. The Wall Street Journal also reported that other financial institutions will be charged as well. The majority of the financial sector was down today.
Showing posts with label GS. Show all posts
Showing posts with label GS. Show all posts
Friday, April 16, 2010
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