The Securities and Exchange Commission (SEC) is suing Goldman Sachs for alleged fraud involving mortgage-backed securities. Allegedly, Goldman was selling securities to some clients, telling them they were good investments. At the same time, they were betting those same investments would fail. Why would they do that? Obviously… greed is profitable. Goldman is under fire because the public is angry. The charges are politically inspired so lawmakers can appear to be doing something as they call for new financial reform laws. Now Germany, England, and even AIG are piling on, looking for someone to blame. (Read more on this article by Robert Kiyosaki)
Thursday, April 22, 2010
Is Goldman Guilty? by Robert Kiyosaki Conspiracy of the Rich
The Securities and Exchange Commission (SEC) is suing Goldman Sachs for alleged fraud involving mortgage-backed securities. Allegedly, Goldman was selling securities to some clients, telling them they were good investments. At the same time, they were betting those same investments would fail. Why would they do that? Obviously… greed is profitable. Goldman is under fire because the public is angry. The charges are politically inspired so lawmakers can appear to be doing something as they call for new financial reform laws. Now Germany, England, and even AIG are piling on, looking for someone to blame. (Read more on this article by Robert Kiyosaki)
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