Securities and Exchange Commission of the U.S. decided to go against the Gods of Wall Street, whereby the Commission (SEC) alleges against the Goldman, Sachs & Co.
Hmmm, it looks like the SEC has the case where Goldman lost its orientation?
Picture courtesy of bild.de.
Here are diverse links in random order to paint the picture:
Goldman’s Abacus lies
Goldman Defends Against SEC Charges
SEC Sues Goldman for Fraud
Blast from the Goldman Testimony Past: CDOs and Bad Brakes
Vampire squid alert: Goldman is clearly being singled out
Goldman Sachs Presents “The Producers” (Abacus 2007)
Goldman on Trial
Goldman Default Risk
Paulson: We Didn’t Pick RMBS in Goldman Abacus Trades
$1 Billion Turns Into $14.5 Billion
and the link to FT Alphaville Linkfest SEC/Goldman linkfest
I am not so sure, but it smells Crumbling resistance to financial reform
Well, Felix is parsing the new Goldman statement, and FT Alphaville says: ‘Goldman Sachs is disappointed…’
I have been wrong often, and may be again, but it does not feel to me me we have done the bull run yet. Rather a prelude? Markets need a pause ... but for long? I would not chase the bid on Monday, if we move decisively below the today's lows.
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