Michael Lewis & Andrew Ross Sorkin on SEC v. Goldman

You don’t have to take just my word on it.  Charlie Rose interviews Michael Lewis, David Boies, and Andrew Ross Sorkin about the SEC’s case against Goldman.  They all agree that what Goldman did probably should be illegal, but that it might not be right now.

SEC Case Related Highlights:

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Goldman’s Gonna Get Off

The government’s argument is that Goldman co-created a pool of investments designed to fail with a notable investor (John Paulson), and then misled their investors as to the quality of the pool.  This argument sounds great in the court of public opinion, but in a real court it will fall flat.

Goldman disclosed all of [...]

Requiem For A Firm

A great article about who and what actually brought down AIG and started the financial fizzle we’re in.  It’s a way more direct and straightforward look than anything I have seen yet. I also like that it points out when AIG made mistakes and when they were made scapegoats.

For those of you who want [...]