Former Goldman Sachs trader Richard Perry made a major investment in ACA, the company wrapped up in the Goldman-Paulson CDO fraud, at the same time he was betting heavily against subprime-related securities.
Ex-Goldman Trader Bought Major Stake in ACA, Shorted Subprime CDOs |
| By: Kevin Connor Tuesday April 27, 2010 3:00 pm |
5 Comments
No More Deceit — Strictly Regulate Wall Street |
| By: Leo W. Gerard Friday April 23, 2010 8:38 am |
The SEC accuses Goldman Sachs of fraud in a civil suit. An audit of Lehman Brothers reveals it used a shady accounting practice to conceal $50 billion in debts. An investigation of Wa-Mu shows it was rife with fraud, including fabricated loan documents. Clearly, these bankers can’t stop themselves from engaging in deceit to make money. And the “free market” has failed to moderate their reckless gambling. Strict regulation is crucial to prevent them from crashing the world economy again.
Goldman Sachs Scheme Was An Old Fashioned Mafia Insurance Scam |
| By: politicalpartypooper Tuesday April 20, 2010 7:28 am |
An excerpt from my April 7, 2010 post called, Was the Financial Meltdown Manufactured By Banks-Too-Big-To-Fail? Yes, many of us in the investment business were talking about the probability of scams and frauds due to CDO insurance long before the SEC made its move.
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