The Securities and Exchange Commission filed a civil suit against Goldman Sachs this morning. According to the SEC, Goldman is guilty of taking a “do what I say, not what I do” approach to mortgaged-backed securities. Well, d’uh. That’s why Goldman isn’t suckling on the federal teat right now. The SEC claims Goldman sold a […]
This post picks up where our last one left off, in a page-by-page review of Sullivan & Cromwell’s Complaint (PDF) in S&C v. Charney. Our earlier thoughts are available here. Now we’re up to the juiciest part: Paragraph 19. This paragraph concerns a certain confidential, internal firm document, which was leaked to the Wall Street […]
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