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WASHINGTON -- In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting.

And where is the Securities and Exchange Commission??

"Beware of the man who does not talk, and the dog that does not bark." Cheyenne

by maracatu on Thu Dec 24th, 2009 at 01:58:55 PM EST
Sitting in the Human Resources department at Goldman Sachs waiting for their interviews.
by ATinNM on Thu Dec 24th, 2009 at 02:00:50 PM EST
[ Parent ]
That'd at least be something I could understand (after all, the SEC's never going to be able to match GS salaries).  I don't think SEC employees are even that connected to reality, though.

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
by Drew J Jones (myfriends@thisispancakes.com) on Thu Dec 24th, 2009 at 02:03:04 PM EST
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