Businessinsider writes: We know that Goldman Sachs got a Wells Notice from the SEC in February, which means that they're being investigated for something. We just don't know what for... yet.
What we do know (from the notice) is that the deal being investigated took place in late 2006 and was worth about $1.3 billion. It also said the deal was made of subprime residential mortgage loans.
Using that information, Fortune went digging — and if they're right then Goldman is going to catch fire for "Fremont Home Loan Trust 2006-E (FHLT 2006-E), a bundle of more than 5,000 mortgages that has cost investors, including mortgage guarantor Freddie Mac and by extension U.S. taxpayers, an estimated $545 million…."
Read all about it at: http://www.businessinsider.com/report-the-sec-may-be-ready-to-sue-goldman-for-a-subprime-mortgage-deal-that-cost-taxpayers-545-million-2012-4#ixzz1qv2Rdztv
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