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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.19-0.7%4:00 PM EST
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To: Cogito Ergo Sum who wrote (88691)4/2/2012 4:05:02 PM
From: Brian Sullivan  Read Replies (1) of 218145
 
3:51 PM The SEC is likely to soon bring charges against Goldman Sachs ( GS) over a MBS deal and it may a classic pile of crud called the Fremont Home Loan Trust. What makes it fraudulent is Goldman may have known the loans were even worse than advertised. One example: Goldman claimed 0.01% of the mortgages were underwater, but an audit found 23.5% were at the time the deal was pitched.
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