- Banned
- #41
Why do you think they are "clearly guilty" of fraud? I rather doubt it, in fact.
Goldman is a major contributor to congressmen. The SEC is independent of Congress. Goldman is an obvious target because of bail out money and their record profits, just announced. But in the end nothing will happen to them.
Their job is to advise their clients to invest where they will make money.
Goldman clearly not only thought that the investments that they were advising their clients to buy were faulty, but they were actually betting against them.
That is clearly fraud.