Maria Bartiromo on Goldman Case: Where's the Fraud?
Posted Apr 22, 2010 04:23pm EDT by Peter Gorenstein in Investing, Newsmakers, Banking
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Add CNBC anchor - and author of the new book the 10 Laws of Enduring Success - Maria Bartiromo to the growing list of experts and market watchers questioning the Goldman Sachs fraud allegations.
"I've spent the last week on the phone with corporate lawyers, many of whom said they do not see the fraud. They cannot find the fraud in this case," she tells Aaron and Henry in this clip.
Bartiromo refers to the deal now in question as "unethical," several times in the interview, but hesitates to call it illegal. "We'll set about that," is how she responds.
Regardless of the outcome, Bartiromo believes the regulatory offensive signals "a more aggressive SEC" and could be the first of many lawsuits to come. If that’s the case, she speculates, investors will be facing a confusing future, and it could mean a "tough period for finance."
finance.yahoo.com |
