Ponce
19th April 2010, 01:21 PM
Vote To Prosecute Goldman Was Split 3-2 Along Party Lines
Submitted by Tyler Durden on 04/19/2010 13:58 -0500
Collateralized Debt Obligations Goldman Sachs Mary Schapiro Securities and Exchange Commission Subprime Mortgages
It appears the Democrats at the SEC were hell bent on going after Goldman, even as the Republicans votes against action, in a close 3-2 vote. Some say this is the reason for the most recent surge in the market. As this event has already passed and at this point it will either be settlement (which Goldman has made clear it does not care about) or an actual jury trial, how this disclosure is in any way relevant to move the market is once again beyond us.
Submitted by Tyler Durden on 04/19/2010 13:58 -0500
Collateralized Debt Obligations Goldman Sachs Mary Schapiro Securities and Exchange Commission Subprime Mortgages
It appears the Democrats at the SEC were hell bent on going after Goldman, even as the Republicans votes against action, in a close 3-2 vote. Some say this is the reason for the most recent surge in the market. As this event has already passed and at this point it will either be settlement (which Goldman has made clear it does not care about) or an actual jury trial, how this disclosure is in any way relevant to move the market is once again beyond us.