We knew what Goldman Sachs did shorting the housing market was criminal, the only question was whether it was actually against the law. Apparently, the S.E.C. thinks so, and they have filed a fraud suit against them. Shares of Goldman Sachs are down sharply. One would hope that this decision was taken independently by investigators at the S.E.C., but I’m sure President Obama and congressional Democrats are ecstatic. Finally, someone beyond the common folk are going to pay.
S.E.C. Goes After Goldman Sachs
