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Response to marmar (Original post)

Thu Jul 23, 2015, 02:33 PM

6. Goldman Sachs was considered a case study in recklessness & greed for it's role in the 2008 meltdown

 

Goldman blasted for conflicts of interest

By Ben Rooney, staff reporterApril 14, 2011: 9:40 AM ET

~Snip

A Senate panel issued a scathing report Wednesday that describes Goldman Sachs as a "case study" of the recklessness and greed on Wall Street that set off the 2008 financial crisis.

~Snip~

Goldman paid a record $550 million fine to the Securities and Exchange Commission in July to settle charges it misled investors in the 2007 sale of a collateralized debt obligation, or CDO, known as Abacus.


Full article:
http://money.cnn.com/2011/04/13/news/economy/goldman_sachs_senate_report/

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