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To the Point

SEC Files Suit against Goldman Sachs, Charging Fraud in Mortgage Deal

The Securities and Exchange Commission has sued Goldman Sachs for securities fraud, claiming that Wall Street's premier bank sold a mortgage investment that was secretly devised to fail. The Commission claims Goldman and some hedge funds made money while Goldman's own clients lost billions of dollars.

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By Warren Olney • May 12, 2014 • 1 min read

The Securities and Exchange Commission has sued Goldman Sachs for securities fraud, claiming that Wall Street's premier bank sold a mortgage investment that was secretly devised to fail. The Commission claims Goldman and some hedge funds made money while Goldman's own clients lost billions of dollars. Greg Gordon is an investigative reporter with McClatchy Newspapers' Washington Bureau.

  • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

    Warren Olney

    former KCRW broadcaster

  • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

    Frances Anderton

    architecture critic and author

  • KCRW placeholder

    Katie Cooper

    Producer, 'One year Later'

  • KCRW placeholder

    Greg Gordon

    McClatchy Newspapers

    NewsNationalPolitics
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