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Submission + - SEC Files Suit against Goldman Sachs (nytimes.com)

Kemeno writes: The SEC has filed suit against Goldman Sachs, alleging that the bank engaged in fraudulent behavior by packaging and selling bonds likely to default to investors such as foreign banks and pension funds, while claiming that the content of the bonds would be selected by an independent manager. It should be interesting to see where this goes.
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SEC Files Suit against Goldman Sachs

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