Warren Buffett defends Goldman Sachs
“I haven’t seen anything in Goldman’s behavior that makes it any more subject to criticism than Wall Street generally,” Buffett said at a news conference yesterday, the report said. He explicitly addressed Abacus, the deal at the center of the SEC’s lawsuit against Goldman: “I have no problem with that Abacus transaction. If there [...]
Goldman Sachs Charged with Fraud by SEC
The Securities and Exchange Commission today charged Goldman, Sachs & Co and one of its vice presidents for defrauding investors by misstating and omitting key facts about a financial product tied to subprime mortgages as the U.S. housing market was beginning to falter.
The SEC alleges that Goldman Sachs structured and marketed a synthetic collateralized debt [...]
