Goldman Sachs Sec Charges

If history is any guide, Blankfein may not go tomorrow, or even next month, but sometime in 2011, Blankfein will at the very least no longer be chairman of Goldman, and may also be forced out of the firm altogether.

Fraud is a serious charge. Fraud charges hurt shareholders, destroy reputations, and end careers. The assessment of whether fraud occurred should not be so subjective that 2 out of the 5 SEC decision-makers disagree with it.

The recent news about Goldman, especially the deep dive by the NYT, has focused on a transaction that, until now, not many people knew about and even fewer people understood.

The SEC chose to charge Goldman Sachs with something that's not only illegal, but resonates easily with Main Street as also being unethical. This is a welcome sign -- a charge that at least tries to re-unite the legal and the ethical.

Goldman Sachs defrauded investors by failing to disclose a conflict of interest on mortgage investments it sold as the housing market went sour, accor...

The government has accused Goldman Sachs of defrauding investors by failing to disclose conflicts of interest in mortgage investments it sold as the h...