Simply Politics & News

[makesumgravy]

SEC accuses Goldman Sachs of fraud in failing to disclose conflict in mortgage securities

http://finance.yahoo.com/news/SEC-accuses-Goldman-Sachs-of-apf-1523020722.html?x=0

Paulson & Co's Hedge Fund Mgr raked in 4B in mgmt fee's in 2008. This was tied to CDO's & CDS's if I remember?

He and 4 others, George Soro's being one that raked in a couple billion for himself.

The good ole boys club. You can just imagine the money that was made for their wealthy clients, Paulson's fee's were a mere 2%. This of course on the back of shortselling. A ban was imposed on short-selling in the financial sector, "only until", the $750B was authorized.........3 days later it was lifted.

Paulson has a similar type set up like Madoff. His family runs the brokerage he uses for his transactions. He has his operation cornered to take full advantage of the market.