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    Back to To the Point

    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.

    The full episode

    1 of 3
    Celebrities, Prescription Drugs and the Candy Man
    1. 0:00SEC Files Suit against Goldman Sachs, Charging Fraud in Mortgage Deal You’re reading this
    2. 7:47Abuse of Prescription Drugs Is Being Called a 'National Epidemic'
    3. 45:05Hospitals Ordered to Grant Same-Sex Visitation Rights
    • 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

    The full episode

    1 of 3
    Celebrities, Prescription Drugs and the Candy Man
    1. 0:00SEC Files Suit against Goldman Sachs, Charging Fraud in Mortgage Deal You’re reading this
    2. 7:47Abuse of Prescription Drugs Is Being Called a 'National Epidemic'
    3. 45:05Hospitals Ordered to Grant Same-Sex Visitation Rights
    Back to To the Point