fredag 16 april 2010

Financial Shares Tumble After Goldman Sachs Charged With Fraud

Fantastiskt! SEC visar musklerna!

April 16 (Bloomberg) -- Financial shares tumbled after the Securities and Exchange Commission charged Goldman Sachs Group Inc. with fraud related to packaging and selling collateralized debt obligations linked to subprime mortgages

“I wouldn’t want to own Goldman stock right now,” said Keith Goddard, president of Capital Advisors, which oversees $810 million in Tulsa, Oklahoma. “If this turns out to be remotely true, do you want to be doing business with someone who doesn’t have your best interests in mind? That’s the accusation here.”

GE Faces SEC Review After Paulson’s Account of Talks
April 16 (Bloomberg) -- The U.S. Securities and Exchange Commission is reviewing General Electric Co.’s 2008 disclosures after ex-Treasury Secretary Henry Paulson said the firm told him at the peak of the financial crisis it struggled to sell debt.

“The SEC has requested information about our September 2008 statements,” GE spokeswoman Anne Eisele said yesterday, responding in an e-mail to questions from Bloomberg News. “We are fully
cooperating with them and are entirely confident our disclosures were accurate.”

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