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Warren Buffett on Goldman Sachs and U.S. Economic Rebound
Warren Buffet was recently interviewed on CNBC about his thoughts on Goldman Sachs and the state of the U.S. economic recovery. You can watch the full interview in two parts below. If you prefer reading, the transcript can be found here.
Should MAS Act?
In the past couple of years, many claims were made by investors who bought structured products which had collateralised debt obligations (CDOs) embedded in them. Recently, it was reported that Goldman Sachs was being charged by the US Securities and Exchange Commission (SEC) with fraud in some of their CDO deals. In addition, some other […]
Goldman Sachs Charged by SEC with Fraud
Last week, the Securities and Exchange Commission (SEC) accused Goldman of “defrauding investors by mis-stating and omitting key facts” about a product based on subprime mortgage-backed securities. A civil suit has been filed against Goldman. The commission said Paulson and Company, one of the world’s largest hedge funds owned by John Paulson, paid Goldman Sachs […]