Fw: News Alert: S.E.C. Accuses Goldman Sachs of Fraud

[alice wellintown]

My husband and I rolled all of our money out of Brasil and into the
DJIA, banks, financials, technology stocks, when the DJIA hit below 8,
000. We;ve amassed more money than the NYC budget for education. We're
considering an investment in Warren B's jet airplane, the
indefensible. We may give half of it to the Gates Foundation. Or, we
may just live like Tom Pynchon. Of course, we know that the lazy thing
to do, live like Tom and his spouse, is the idle-risch hand we've been
dealt in this prnters-devil's workshop, but we prefer the Inferno to
Limbo.

On Fri, Apr 16, 2010 at 11:01 AM, Mark Kohut <markekohut at yahoo.com> wrote:
> Sent in honor of Rich and his GS posts.............................
>
>
>
> ----- Forwarded Message ----
> From: NYTimes.com News Alert <nytdirect at nytimes.com>
> To: markekohut at YAHOO.COM
> Sent: Fri, April 16, 2010 10:39:45 AM
> Subject: News Alert: S.E.C. Accuses Goldman Sachs of Fraud
>
> Breaking News Alert
> The New York Times
> Fri, April 16, 2010 -- 10:39 AM ET
> -----
>
> S.E.C. Accuses Goldman Sachs of Fraud on Mortgage Deals
>
> Goldman Sachs, which emerged relatively unscathed from the
> financial crisis, was accused of securities fraud in a civil
> suit filed Friday by the Securities and Exchange Commission,
> which claims the bank created and sold a mortgage investment
> that was secretly devised to fail.
>
> The move marks the first time that regulators have taken
> action against a deal that helped investors capitalize on
> collapse of the housing market. Goldman itself profited by
> betting against the very mortgage investments that it sold to
> its customers.
>
> Read More:
> http://www.nytimes.com?emc=na
>
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