Sunday, April 18, 2010
SEC accuses Goldman Sachs of defrauding investors
I just can't well up enough sympathy to feel bad for these guys...something about how they destroyed the country's finances in the span of a couple of days seems to make me downright giddy that they're getting their feet to the fire.
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This is crazy. If these allegations are true, this could really hurt Goldman Sachs. The article says the company has been trusted for years, but they took this trust for granted. It is good that the government is taking action against the company on these allegations. The government needs to get involved when companies lie or misrepresent themselves, especially when they cause such horrible results. This reminds me of the government getting involved in the 1900's when companies were not truth with the public on things like food and medicine. This is our centuries version of that situation.
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