Edward Jay Epstein on Goldman Sachs and the SEC

http://www.futureofcapitalism.com/2010/04/edward-jay-epstein-on-goldman-sachs-and-the-sec

The writer Edward Jay Epstein has a new post summarizing the SEC's case against Goldman Sachs. The fraud case "does not add up," he says, in part because "it implies a conspiracy without co-conspirators."

"Not only is there no motive or logic for Goldman to have sabotaged its own fund, but the SEC complaint fails to cite a single witness or document to substantiate that theory. Nevertheless, SEC has brilliantly succeeded in implanting that idea in the media," Mr. Epstein writes. "So however the SEC legal case is settled, the SEC has already won in the court of public opinion."

by Editor  |  Apr 28, 2010 at 10:52 am Related Topics:  Capital Markets Regulation, Goldman Sachs, Press, SEC receive the latest by email: subscribe to the free futureofcapitalism.com mailing list