Former Goldman Trader is Found Liable in Mortgage Deal
Source: New York Times
Fabrice Tourre, the former Goldman Sachs trader at the center of a toxic mortgage deal sold to investors on the eve of the financial crisis, was found liable on Thursday for civil securities fraud.
Five years after the crisis, he is the only employee of a big American bank to lose a courtroom battle to Wall Streets top regulator, the Securities and Exchange Commission. The S.E.C. took only a handful of employees to court over the crisis, but most cases were settled.
Read more: http://dealbook.nytimes.com/2013/08/01/former-goldman-trader-is-found-liable-in-mortgage-deal/?_r=0
It came across the wire about ten minutes.
Turbineguy
(37,212 posts)have to buy the first three people to lose their homes, a taco.
johnfunk
(6,113 posts)it'll surely be a Taco Grande with all the fixin's and a side salad!
AndyA
(16,993 posts)Splurging on a meal is one thing, but those big sodas can get expensive!
Marie Marie
(9,999 posts)don't even have a pot to crap in thanks to these crooks.