auditor0007
Gold Member
And we give these guys tax breaks? We ought to hang them.
Goldman Sachs Ripped Off And Misled Clients, Senate Report Says
Goldman Sachs Ripped Off And Misled Clients, Senate Report Says
Goldman Sachs Ripped Off And Misled Clients, Senate Report Says
Goldman Sachs, the nation's fifth-largest bank by assets, systematically misled clients, sold them financial instruments it knew to be junk, bet against them and profited off of their losses, according to a Senate report released this week.
The report, the product of a two-year investigation, paints the firm as Exhibit A of Wall Street's evolution from a place that raises and deploys capital to worthy businesses into a vulturous creature that preys on unwitting investors.
Goldman's conduct in the two years leading up to the near-implosion of the financial system show a firm dedicated to "sticking it to their own clients," said Senator Carl Levin, a Michigan Democrat who chairs the panel that produced the report. "Goldman gained at the expense of their clients, and used abusive practices to do it."
Goldman Sachs Ripped Off And Misled Clients, Senate Report Says
Last edited: