BUSINESS

Goldman Sachs Did Not Disclose Mortgage Moves To SEC For Months

06/30/2010 05:12 am ET | Updated May 25, 2011

WASHINGTON -- In December 2006, Goldman Sachs embarked on a frantic effort to shed billions of dollars in risky mortgage securities and purchase exotic insurance to protect itself against what it had concluded could be the collapse of America's housing market.

Yet for nine months, until Sept. 20, 2007, the Wall Street giant didn't disclose its actions in key filings with the Securities and Exchange Commission, in telephone conferences with analysts or in its press releases.

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