17 April 2010

Janet Tavakoli: Did Goldman Sachs Commit Fraud?


Yes. The only thing that was surprising how long the SEC took to do it.

The complaint does not go quite far enough. It was a blatant fraud, more than just a failure to disclose information.

And this may be the beginning of a lot of questions about a lot of investment banks. It has massive implications IF the SEC does its job right, which they have not done in the past.

Tavakoli Structured Finance