Bankers’ Ailing-Client Deals End With Greece

Thu, 04/15/2010 - 09:07

Here's my latest Bloomberg column. This is an important topic that deals with a trend that is affecting all of modern life. It's addressed here specifically in terms of Wall Street.

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Sat, 04/17/2010 - 18:22 — Anonymous

another fraud charge for Goldman Sachs?

If, after helping Greece hide its true financial position from the world, Goldman Sachs then marketed its bonds to investors, would this not merit additional litigation by the hapless investors in these assets?

Wouldn't full disclosure require this little fact to have been communicated before pension funds and others were enticed by Goldman to buy these securities?

While Goldman may argue these investors were sophisticated, would it also now have to argue that they were necessarily clairvoyant?

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