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Goldman Sachs (GS -3%) shares turn red after federal regulators file a lawsuit accusing the firm...

Goldman Sachs (GS -3%) shares turn red after federal regulators file a lawsuit accusing the firm of violating federal and state securities laws in the sale of $1.2B in mortgage-backed securities. The suit seeks damages of $491M for securities Goldman sold to credit unions that the government claims were “destined to perform poorly.”
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Comments (2)
  • deercreekvols
    , contributor
    Comments (5762) | Send Message
     
    Say it ain't so, Goldman.
    9 Aug 2011, 06:54 PM Reply Like
  • deercreekvols
    , contributor
    Comments (5762) | Send Message
     
    How thoughtful to sell securities that were "destined to perform poorly" to community credit unions. More information on a company that hires only "the best".
    Sadly GS will pay the damages and continue to do whatever they please, legal or not. What a great company to be allowed to rate other companies. All upgrades and downgrades from GS should be investigated immediately. Too many schemes taking place there to trust them.
    Just my opinions on GS.
    12 Aug 2011, 09:00 AM Reply Like
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