Katie Couric speaks with Janet Tavakoli, a financial expert on investments known as derivatives, about the recent SEC lawsuit filed against Goldman Sachs over default mortgage loans.
herp derp, Goldman Sachs didn't pick up on something that the rest of the country didn't pick up on, so it must be malicious intent. You know nothing.
Also, the SEC is useless and incompetent. When they were first warned about mezzanine level CDO risks, they ignored the warning because they didn't know what the hell a CDO was to being with.
The Secretary of the Treasury was the former CEO of Goldman Sachs Hank Paulson and the Assistant Secretary in charge of TARP was a former Goldman Sachs executive Neel Kashkari. The new Chief of Staff for the White House under Obama is a former Chairman of JP Morgan Chase William Daley. It is seriously like living in the Twilight Zone.... so much corruption it is sickening.
Why not investigate the rich politicans in DC who put money into UBS´s Americas. The short of it, putting $´s in secret accounts in Switzerland inorther not to pay taxes on these earnings.
herp derp, Goldman Sachs didn't pick up on something that the rest of the country didn't pick up on, so it must be malicious intent. You know nothing.
Also, the SEC is useless and incompetent. When they were first warned about mezzanine level CDO risks, they ignored the warning because they didn't know what the hell a CDO was to being with.
aoganisi 7 months ago
This lady should be running the SEC.
Top notch expertise, decades of experience and a well rounded awareness of what it means to be responsible, accountable and honest.
BringBack500s 10 months ago
The Secretary of the Treasury was the former CEO of Goldman Sachs Hank Paulson and the Assistant Secretary in charge of TARP was a former Goldman Sachs executive Neel Kashkari. The new Chief of Staff for the White House under Obama is a former Chairman of JP Morgan Chase William Daley. It is seriously like living in the Twilight Zone.... so much corruption it is sickening.
jiveturkeyusa 1 year ago
Why not investigate the rich politicans in DC who put money into UBS´s Americas. The short of it, putting $´s in secret accounts in Switzerland inorther not to pay taxes on these earnings.
davidperi 1 year ago
Isn't the guy running the show for SEC a former Sachs guy? If this is true This is the biggest farce and a slap to all!
soetebeer 1 year ago
@1984IcameandIstayed - Isn't the guy running the show for SEC a former Sachs guy? If this is true This is the biggest farce and a slap to all!
soetebeer 1 year ago
a mere stunt on the part of the Govt. to make sheeple think that something is being done when in fact nothing is.
1984IcameandIstayed 1 year ago
Of course Goldman-Sacs was the root of our Recession. They are crooks and vipers.
The REAL NEWS is that the government is actually challenging them.
yo1dude1man 1 year ago 2
Absolutely disgusting. Perhaps the mattress is a safe place for your money.
ulstermandc 1 year ago
They held back on the suit Till they received all the monies!
BeantownJim 1 year ago