I do not think that the SEC has a strong case. In fact, I was interviewed by Alex Steel of the TheStreet.com on the subject. The video is now on The FinanceProfessor video page.
So what do you think?
I read up on this a little, it seems interesting that they could ue complex math to create synthetic CDO's with actual tangible value. From what i read it seems that the SEC's case definetley hold some water, the article i will post below had emails from Golds and many other companies invloved incriminating each of them. Regardless of whether or not Golds is found guilty this whole issue is definetley going to effect their credibility. Hate to compare a Multibillion dollar investment bank to Micheal Jackson, but i feel like it may unfold similarly. Even accusations of something like this that costed many reputable investors a LOT of money. Pick up on your advertisements Scott, maybe this can help your business!
If you need data to comment with guys. here is a great article with a bunch of interesting links.
many reputable investors a LOT of money... can effect an overall image especially when golds is considered a type of "safe haven" for your money.... not anymore.
is what that sentence was meant to say.