Hold on to your hats, SEC is going to take on Goldman Sachs for securities violations. What were those violations? They claim 'lack of proper disclosure', are you kidding me!!!!! This is just a publicity stunt by the SEC, if you want to point some fingers at the reason for the financial collapse, I have one middle finger to point at the SEC. I hope Goldman digs in and fights this and takes it to court. The SEC has gotten certain emails from Goldman, wait until Goldman asks the SEC for some of their internal documents.
Isn't the SEC chasing the horse after its already out of the barn, where were they in 2005, 2006, 2007 and 2008?
With the government pushing financial reform, can the timing of this charge have anything to do with "Chicago Style Politics"?
By the way, the financial instruments in question were rated "AAA" by both Moodys and S&P. When will these aholes be investigated?
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