markets had been on a run for a few days, but that has come to a glorious stop.
The SEC has now accused Goldman Sachs of securities fraud, via misleading investors who bought their CDO's. I am kind of surprised, the market is VERY surprised. GS dipped roughly 15% in one day, equivalent to roughly $12-13 Billion. What is even more interesting is the Paulson connection, and how his company was used in the process of investors losing 1 Billion dollars.
Is this the new trend? Can we count on more news to hammer the market downward?
http://www.latimes.com/business/la-fi-goldman-paulson17-2010apr17,0,4780827.story
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