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  • Goldman Sachs Will Survive this Crisis - Trading Alert

    Goldman Sachs Group, Inc.
    Saturday April 17, 2010, 10:21 am EST

    Goldman Sachs will defend the allegations aggressively.

    Hello All,

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    SEC Complaint about Goldman Sachs.

    The SEC Complaint read "In sum, GS & Co. arranged a transaction at Paulson's request in which Paulson heavily influenced the selection of the portfolio to suit its economic interests, but failed to disclose to investors, as part of the description of the portfolio selection process contained in the marketing materials used to promote the transaction, Paulson's role in the portfolio selection process or its adverse economic interests," Goldman is planning to oppose these allegations aggressively by putting forward facts like they actually lost in this transaction. Goldman Sachs don't  work for loss and they would never do a Fraud to loss money.

    Goldman Survived the toughest times during the recession. It lost approx $12 billion of worth just in one day after the complaint of Fraud by SEC. This led to a loss in Whole Financial market. Just wait for it to settle and we shall be able to enter at a god price. SEC alleged Goldman to have links in Fraud including the Abacus 2007-AC1. SEC's complaint gives details about the deal as 
    "Tourre knew of Paulson's undisclosed short interest and its role in the collateral selection process. Tourre also misled ACA into believing that Paulson invested approximately $200 million in the equity of ABACUS 2007-ACI (a long position) and, accordingly, that Paulson's interests in the collateral section process were aligned with ACA's when in reality Paulson's interests were sharply conflicting".
    SEC Complaint Source: SEC.gov

    Below is a Link of the Document involving Goldman Sachs and Abacus.


    Let me Know what you guys think about Goldman Sachs involvement in this Fraud. Leave comments giving words to your thoughts.

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    God Bless,
    Be Rich.


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