Tag / Goldman Sachs
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Wall Street and Washington at War
In the wake of the SEC’s recent charges against financial giant Goldman Sachs, president Obama and many congressional Democrats are set to step up efforts to pass new measures regulating Wall Street interactions. On Thursday, Obama will address Wall Street to make one last push before the Senate votes on several new regulatory proposals. The…
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Goldman Sachs Under Fire, BoA Lives
This morning, the Securities and Exchange Commission (SEC) formally announced fraud charges against prominent banking firm Goldman Sachs. The SEC says that Goldman Sachs neglected to disclose important details of a major sale conducted in 2007. The deal in question involved a “collateralized debt obligation”, which eventually cost investors upwards of $1 billion. Goldman Sachs…
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