96°F
weather icon Clear

The case against Goldman

Just finished reading a good piece on the Goldman scandal. It begins like this:

"The brouhaha over Goldman Sachs revolves around the role of hedge-fund manager John Paulson. Jacob Goldstein at Planet Money nicely summarizes the SEC’s charges: “The SEC says Goldman Sachs defrauded investors in a CDO, one of those complicated bonds that lost huge amounts of value when the housing market went bust. The problem isn't that this CDO lost value. It's that a hedge fund played a role in choosing what went into the CDO, then bet against it -- and Goldman didn't tell people who invested in the CDO about the hedge fund's role, according to the SEC.”

You can find the rest here, which I pass along for your edification. This story won't be going away for a while.

MOST READ
Don't miss the big stories. Like us on Facebook.
THE LATEST
Presidential election in Nevada — PHOTOS

A selection of images from Review-Journal photographer LE Baskow of scenes from the 2024 presidential election in Las Vegas.

Dropicana road closures — MAP

Tropicana Avenue will be closed between Dean Martin Drive and New York-New York through 5 a.m. on Tuesday.

The Sphere – Everything you need to know

Las Vegas’ newest cutting-edge arena is ready to debut on the Strip. Here’s everything you need to know about the Sphere, inside and out.

MORE STORIES