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walkitoutIn this case, one particular sensible person is summarizing a whole lot of other sensible people saying sensible things.
http://www.fivethirtyeight.com/2010/04/on-goldman.html
A regular contributor to Nate Silver's blog summarizes the SEC complaint against Goldman and Tourre. He says the case is very straightforward: it's a civil case against Goldman (and Tourre) for lying. Period. Further, the expectation if the SEC prevails is that there will be more cases like this (possibly against Goldman) -- and Wall Street in general will behave a lot better if they know there is someone watching them when they behave badly.
A _really_ good article.
http://www.fivethirtyeight.com/2010/04/on-goldman.html
A regular contributor to Nate Silver's blog summarizes the SEC complaint against Goldman and Tourre. He says the case is very straightforward: it's a civil case against Goldman (and Tourre) for lying. Period. Further, the expectation if the SEC prevails is that there will be more cases like this (possibly against Goldman) -- and Wall Street in general will behave a lot better if they know there is someone watching them when they behave badly.
A _really_ good article.