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Old 04-17-2010, 12:07 PM
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retmil46 retmil46 is offline
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Join Date: Jun 2006
Location: Mooresville, NC
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Goldman Sachs Accused of Civil Fraud

Haven't had the chance to read all the details yet, but IMHO, after their part in helping speculate oil up to nearly $150/barrel a couple years ago, couldn't happen to a nicer bunch of guys.

Just the announcement alone seems to have given the financial community the jitters - stock market dropped just over 1%, price of oil dropped $2.25/barrel, and the plunge in Goldman's stock price cost them over $14 billion in company value.
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Mitchell Oates
Mooresville, NC
'87 300D 212K miles
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