SEC sues Goldman Sachs statement says victim

Goldman Sachs was accused of cheating investors, causing the latter to lose more than 1 billion dollars; The New York Stock Exchange suffered a steep 6-day rise in the day after the financial crisis, when the US government's unprecedented move was far-reaching, as the NYSE, which was accused of fraud by Goldman Sachs, 16th.　　Xinhua Securities and Exchange Commission 16th filed a civil lawsuit against the Manhattan federal Court in New York, accusing Goldman Sachs of allegedly cheating investors on financial products involving subprime mortgages, causing investors to lose more than $1 billion trillion.　　Analysts believe that this is the first time since the financial crisis in the United States government agencies against investment banks and other financial institutions of the subprime derivative transactions filed lawsuits, the case has far-reaching consequences.　　Allegedly withholding information from investors according to a lawsuit filed on the day of the SEC, Goldman Sachs was accused of selling a mortgage-backed debt bond based on subprime mortgages, but Goldman did not disclose to investors the "key message" from the US Big hedge fund, Paulson's hedge fund company, about shorting the product. The SEC said Paulson's hedge fund paid about $15 million trillion in design and marketing costs to Goldman Sachs in 2007, but investors suffered more than 1 billion dollars in losses.　　Also indicted by Goldman Sachs vice President Fabrice, the SEC accused him of being the main responsibility for the fraud.　　Kuzami, the SEC's law enforcement executive, said in a statement that Goldman's mistake was to allow one client to short the financial product on the other, while promising other investors that the product was launched by an independent and objective third party. Goldman Sachs is the largest investment bank in the United States. The lawsuit against the company is considered a key action by the U.S. government to combat financial derivatives fraud during the financial crisis.　　During the financial crisis, some hedge funds, investment banking and other covert collusion, blinded investors and short financial markets, thereby exacerbating the turmoil in financial markets, investors suffered huge losses. "Shino" Goldman Sachs has more than 140 years of history, claiming that "customer benefits first" for the purpose. The world's top financial institution, with its investment in risky investments, is still making a good profit even if it is hit by the financial crisis. Warren Buffett last month praised Goldman Sachs as a "very strong and well-run enterprise".　　Goldman can often occupy positions of finance, central banks and stock exchanges in a number of countries after leaving office.　　MIT Professor Johnson told The Associated Press 16th, "many people still thought Goldman Sachs was working well before this morning, but the lawsuit" smashed the Goldman brand. It may also face a criminal justice tribunal seeking to impose civil penalties on Goldman Sachs and El Tur, without excluding the possibility of recourse to criminal proceedings.　　If the SEC wins, Goldman could lose hundreds of millions of of billions of dollars, Bloomberg reported.　　Goldman's mistake was to allow one client to short the financial product, while promising other investors that the product would be launched by an independent and objective third party. Sec-SEC Executive Director Kuzami the change style of Goldman SachsTake drastic measures to tell the world that it thinks Goldman Sachs is wrong. -Kofi Annan, a professor of securities law at Columbia University, responds to Goldman Sachs: I am also a victim of two consecutive statements expressing "disappointment" at the accusations, Goldman Sachs 16th issued two consecutive statements expressing "disappointment" at the SEC's allegation that it was "legally and virtually unfounded", while proposing　　Goldman itself lost 90 million of billions of dollars in the deal and has made detailed disclosures during the transaction. Some investors have previously blamed Goldman Sachs for not looking favorably on the market for mortgage-related financial products, but still designing and selling mortgage-backed debt to the detriment of investors.　　While Goldman Sachs claims to be "unable to predict the profit and loss prospects for its financial products", the SEC complaint revealed that Goldman Sachs had seen the empty mortgage-backed debt market in early 2007. "The entire building will collapse at any moment," wrote an e-mail sent to a friend in January by the vice president of Goldman Sachs. The only possible survivor Cesc (Riss Tours) ... Is in the midst of a bizarre and highly leveraged transaction he has created. "(Xinhua) The impact of the" European and American stock market "tumbled according to the Xinhua news agency was accused of fraud, and other factors, 16th, the New York stock market in a row after a 6-day slump, the closing, the Dow Jones index fell more than 120 points, the poor and the lower than 1.5%. London's stock market also closed 16th, with the FT's 100-stock average price index down 1.39%. France's Paris stock market CAC40 index fell 1.94%.　　　The DAX index fell 1.76% in Frankfurt, Germany. "International oil price" plummeted according to the Xinhua news agency, the international oil price fell nearly 3% on 16th, as Goldman Sachs was charged with fraud, and fell below $83 a barrel.　　　The New York Mercantile Exchange's May delivery of light crude oil futures prices fell to $82.52 a barrel on 16th, closing down 2.27 U.S. dollars, closed at 83.24 U.S. dollars per barrel. "Dollar rate" rose according to Xinhua news agency, the U.S. dollar has risen against most other Western major currencies as a result of the fraud charges against Goldman Sachs and the rising risk aversion of the New York currency market on 16th. On the same day, the rise in the dollar also caused a severe crackdown on gold prices.　　The New York Mercantile Exchange gold futures June contract plunged 23.4 dollars per ounce. Watching the U.S. economy "Tim new injury" Goldman Sachs is not surprising, often walk along the river, where there is not wet shoes? Goldman Sachs has long been a target for the fraud door before it was pushed away.　　Goldman's directors were also suspected of being involved in insider trading in the sailing group, just before Goldman Sachs cheated investors by concealing important facts. And the bigger outrage is Goldman's money-making at both ends of the Greek problem.　　Goldman played a disgraceful role in the Greek crisis, not only to help the Greek government to conceal some of its debt to the public, but also to profit from it, earning a huge commission of 300 million dollars. Even moreIs that Goldman Sachs, when Greece was not suspected of having a capacity to pay, used its "insider information" to buy large amounts of "credit default swaps" on Greek debt, and then launched an attack on Greece's creditworthiness, which it raised to its highest point. That is to say, when digging a pit to need money, when burying a pit also to peel layer skin. No wonder the U.S. media described Goldman Sachs as "a large vampire squid, ruthlessly inserting a straw into anything that smells like money." "While the Greeks were being courted, Goldman Sachs was also smart enough to pull German banks into the water, causing resentment from the Germans." In other words, if the Obama administration does not regulate Goldman Sachs, it will not only exacerbate the contradictions between the US and Europe, but also run counter to the financial regulation it preaches.　　Washington, D.C., has also been a case of European allies. The US Securities and Exchange Commission has been furious at Goldman Sachs, which is at the mouth of the Obama administration's efforts to further tighten financial regulation and seek to circumvent new financial risks, while some of the "blood-sucking squid" represented by Goldman Sachs have aroused the vigilance of the White House and even Captiol Hill.　　Here, Congress is preparing to introduce tougher rules for complex financial products. It should be said that the SEC is hoping to boost confidence in the government, but US media are concerned that the Goldman scandal will bring new challenges to the struggling recovery of the US economy, while exposing the brutal looting culture of Wall Street and will also affect people's investment confidence.　　After Goldman Sachs, I don't know how many cockroaches are hiding in the shadows? Guoqing (scholar)