Monday, Apr 19, 2010
Goldman busted, we might get some money back
ManagmentToday: Goldman Sachs fraud case puts whole industry on trial
"And there’s a UK angle, as RBS ended up $800m in the hole to Goldman’s because it insured the dodgy CDO – or rather it acquired the obligation to insure it when it bought ABN Amro. Still with us? When the product failed, RBS had to pay out...
So there is a chance that RBS – which now essentially means us, the British taxpayer – could get some or all of that back. Don’t go spending it just yet though, it could take years to sort out."....
Another headline I like "Goldman busted, shares, oil & gold prices fall". So have Wall St shysters been manipulating the gold price higher?
Posted by mountain goat @ 12:14 PM (303 views) Add Comment
1 Comment
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