Tag Archives: Goldman Sachs

Rough justice

Goldman is going to be fighting lawsuits till the end of time no matter whether there’s ever a criminal action. According to McClatchy today:

WASHINGTON — Goldman Sachs reaped “billions and billions of dollars” in profits by secretly betting in 2006 and 2007 that the U.S. housing market would crash, a strategy that conflicted with the interests of its clients who were still buying the firm’s risky mortgage securities, Senate investigators said Monday.

UPDATE:  Once again, we seem to deserve our fate – Goldman stock went up today.