Goldman Sachs' Raging SEC Ass Wart Swells
...and it's funny, I thought I would derive a lot more sick pleasure out of this moment but I'm almost starting to feel bad for the little rats.
Goldman Sachs Group Inc.’s $2 billion Hudson Mezzanine collateralized debt obligation, sold in 2006, is the target of a probe by the Securities and Exchange Commission, according to a person with knowledge of the matter.
The inquiry into the CDO may not lead to any additional actions against the New York-based securities firm, said the person, who declined to be identified because the investigation isn’t public. Michael DuVally, a spokesman for Goldman Sachs, declined to comment, as did SEC spokesman John Nester. The Financial Times reported the probe earlier.
Like I'm not crying or anything but ugh. Instead of turning to an ex JP Morgan PR star, maybe the rats should have taken a page from the Board of Governors' playbook and found some leftover Enron PR lackey to do their public opinion dirty work?