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HomeGoldman’s Claim Tourre Acted Alone is Horse$&*t
Posted by Larry Doyle on April 22nd, 2010 10:14 AM |
Goldman Sachs is playing this SEC charge of fraud by the book. How so? Wall off senior management, pin the blame on one low level junior employee, and sell that individual down the river. This approach by Goldman is not a surprise but, in my opinion, it is total horse$&*t. How so? Let’s navigate the world of structured finance transactions on Wall Street.
Bloomberg reports the Goldman defense in writing, Goldman Sachs Says SEC Case Hinges on Actions of One Employee:
Goldman Sachs Group Inc. said the U.S. fraud case against the firm hinges on the actions of the employee it placed on paid leave this week. (more…)
Tags: did Fabrice Tourre act alone, did goldman properly disclose Abacus deal, did Tourre act alone, Fabrice Tourre, fabrice Tourre rogue structurer, Fabrice Tourre's reporting lines, failure to supervise at Goldman Sachs, Goldman Sachs, Goldman Sachs perjury, Goldman sachs says SEC Case Hinges on Actions of One Employee, Goldman senior management, Goldman transaction with ACA, Goldman's abacus transaction with Paulson, Onnig Dombalagian of Tulane University, structured finance on Wall Street, Touree deregistered by Financial services Authority, who is Greg Palm Goldman's co-general counsel
Posted in General, Goldman Sachs | 6 Comments »
