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After July Body-Slam, Goldman Sachs still on the Mat

By
Real Estate Agent with Real Estate Teams LLC

Your Distressed Property and Short Sale Expert in Maryland

 Don't feel sorry for the company. Remember the settlement for selling investors a sub-prime mortgage investment that was SECRETLY designed to lose value?

Goldman "hedged" their bet and made money while fraudulently causing the investors to lose huge amounts of money. Although Goldman did not admit any wrongdoing, they quickly agreed to settle the April 2010 charge by the SEC for $550 Million in August 2010.

They also agreed to express "regret" for including incomplete information in the marketing manuals of the investment for clients. You think!

Now that is sure serving your clients!

 Goldman Sachs answer? They cited a ranking from Thompson Reuters that showed they were the top mergers-and-aquisitions advising firm for 2010, saying that indicated that clients still biew them as trusted advisors.

I don't! Why weren't the executives in control charged with fraud?

Are they still doing the same thing... Taking advantage of the foreclosure and short sale crisis?

 

Dennis

Keeping People From Experiencing Foreclosure

www.MarylandDistressedProperties.com

www.Frederick-MontgomeryCountyHomes.com