U.S. Accuses Goldman Sachs of Fraud

Posted by samratjp on Friday April 16, 2010 @12:28PM
from the nytimes.com dept.

http://www.nytimes.com/2010/04/17/business/17goldman.html

( 2 comments | 46 points | on HN )

Re:U.S. Accuses Goldman Sachs of Fraud by Goronmon on Friday April 16, 2010 @03:03PM (#1271554)

In progress discussion of SEC charges:

http://news.ycombinator.com/item?id=1270775

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Re:U.S. Accuses Goldman Sachs of Fraud by cypherdog on Friday April 16, 2010 @02:25PM (#1271433)

There was a really interesting This American Life about this very subject. It does a great job of explaining some of the issues surrounding what Goldman Sachs did, though not about Goldman Sachs in particular.It does mention how Magnetar was supposably attempting to influence CDO managers into taking on riskier investment in order to get the CDO's to fail in order to cash in. http://www.thisamericanlife.org/radio-archives/episode/405/i...

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