Another day, another lawsuit for Goldman Sachs, the NY Post writes.
Yesterday, the US regulator of credit unions sued the gold-plated investment bank run by CEO Lloyd Blankfein, accusing it of selling $1.2 billion in dicey mortgage-backed securities to two credit unions that later failed.
The suit, filed in Los Angeles federal court by the National Credit Union Administration, seeks nearly $500 million in damages. Goldman sold the credit unions "questionable securities" and "misrepresented" the risks associated with the risk-laden assets, according to the suit....
Read more: http://www.nypost.com/p/news/business/latest_goldman_gut_kick_Xbl5VkIuccl3rhkU95pMCK#ixzz1Udun3OcY
No comments:
Post a Comment