Will Goldman News Today

Minnesota swept St. Thomas as the Tommies competed in their first meet against a Big Ten team since joining the Division I program.

"discovery" will make one more trip, chuck. >> all right. nbcs jay barbree hosting the shuttles landing this morning o morning for us. thank you so much. >> that was a real treat to do that with jay. >> all right. >> thank you, guys. >> all righty. goldman sachs executive boards are hoping this morning strong earnings report will draw some attention away from the fraud charges hanging over the bank. again, could it bring more unwanted attention? lets bring in bertha coombs this morning. ive got ...

Get a recovery. thats because three so massive and dangerous. if they were smaller you could pursue them on a legal front as well as letting them fail. that second volcker rule that, sensible principle is missing in the dodd bill. >> politically not sure if the democrats in this obama adminstration can do that. i want to go on to another question about goldman itself. these charges brought by the u.s. s.e.c. we already know about great britain. weve got germany that may go after them. we know wh...

Bucket, not john paulson. >> these investors had the opportunity to do their own due diligence, look what was in this package of investments, thats what goldmans argument would be. >> goldmans argument would be these were sophisticated investors. they know there are people on both sides of this deal. the s.e.c. claims, though, that goldman misled some investors by leading them to believe that paulson was also investing in the deal on the other side. >> here is one piece, going to savannahs quest...

It allowed the hedge fund to pick the worst mortgages, to go into the bucket. which means the investment was likely to fail. goldman sachs then helped the hedge fund bet against the bucket. goldman sachs then labeled the bucket a good investment. and sold the supposedly good investment to others. telling them the hedge fund also had invested. but goldman sachs did not tell other investors that the hedge fund helped pick the worst mortgages and was actually betting against the bucket. when the bu...

>> is that music getting loud or am i getting old? >> it is. can you turn down the music in your room, kids. >> i cant hear you. >> goldman sachs is the first major firm to be charged with defrauding the american public and it may not be the last. >> the s.e.c. is now investigating whether other wall street firms double crossed investigators misleading them into buying junk investments. lisa myers is senior investigative correspondent following this story. and it apparently was a surprise to gol...

Accused the firm and one of its vice presidents of knowingly defrauding investors. >> anytime a storied firm like goldman sachs which has one of the finest reputations on wall street is charged with fraud by the u.s. government, its an important moment. not just for that firm but for the financial system. >> reporter: heres what the s.e.c. is charging. that will goldman worked with a prominent hedge fund which handles largely unregulated investments for the wealthy to create a package of ricky s...

Fraud suit against goldman sachs. do you approve of that? >> no, no. i mean, we should not legislate based on. and neck dotal events. this is a big issue. we shouldnt overreact. we might overreact as a congress and if we do, were going to undermine the ability of people on pain street to get credit and our capital markets to give people who are entrepreneurs the resources they need to go out and create jobs. and congress tends to overreact when it acts on anecdotal information. this is a single ...