Page 27 - Fraud Cases News Today

Fraud case linked to the mortgage meltdown. the payment charges that the wall street giant defrauded investors with prime mortgage. the penalty sets a record. the biggest ever levied against a wall street form in the history of the surty exchange commission. still under 5% of goldmans net income last year. so the settlement may not have goldman digging too deep into its massive piggy bank but could affect fraud cases in the future. talking about what this means for wall street coming up at the b...

Does goldman sachs have a leg to stand on? they say its really unworthy of a legal challenge? >> remember, this is not a criminal fraud, but a civil fraud suit brought by the scc. what they are doing is relying very simply on a 29-year-old vice president hooked up with a hedge fund group and basically marketed something without disclosing that relationship. the hedge fund group walked away with $1 billion. they did not market and they are not in trouble, and goldman sachs is. >> could this open ...

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Progressive programs are in the competition. the pros peerous time came before any of the programs were enacted. the social ills have risen along with all the entitlements. and welfare programs whether its not verity, food stamp or college cost. i hurts the recipients more than anyone. it retards and that skill. >> eric: this is a maker versus takers. people are making and put in system but a lot of people take out of the system. your thoughts? >> these are supposed to be short-term fixes but th...

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