Cassidy, John
May 2010
New Yorker;5/3/2010, Vol. 86 Issue 11, p21
The author comments on a legal case involving the investment firm Goldman Sachs and Fabrice Tourre, a mortgage trader there. Both have been charged by the U.S. Securities and Exchange Commission (SEC) with misleading investors in a "synthetic collateralized debt obligation." Hedge-fund manager John Paulson, a client of Goldman Sachs, is also involved. The SEC's charges, a proposed financial reform bill in the U.S. Senate, and the government bailout of the financial industry is also discussed.


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