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Loan Modification

: Mortgage Lender Implode-o-Meter

SEC Formally Charges Goldman Sachs With Derivatives Fraud with Paulson and Company

By Implode-Explode Heavy Industries

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"The product was new and complex, but the deception and conflicts are old and simple. Goldman wrongly permitted a client that was betting against the mortgage market to heavily influence which mortgage securities to include in an investment portfolio, while telling other investors that the securities were selected by an independent, objective third party,? said Robert Khuzami, director of the division of enforcement.

Full post as published by Mortgage Lender Implode-o-Meter on April 16, 2010 (boomark / email).

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