This is going to be really interesting. It's likely that Goldman will settle. The real fraud though, is the degree of closeness that the firm had to Treasury Secretary Paulson during the period just before Lehman failed and not its internal asset management which, if done correctly, should be separated from the trading desk anyhow. Its not going to happen, but it would be pretty cool to see if anyone with insider type knowledge has the nerve to step up and rat them out.
It'll be fun to watch ...
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About Me
- Wingbat
- The opinions expressed in this blog are not those, necessarily, of Revolution Cycle and Ski - a very cool bike shop in St. Cloud, MN that is owned by three people only one of whom is obsessed by the folly in the current mortgage market.
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