WoW! Goldman Sachs FINALLY Charged With Civil Fraud!....

This is actually an incredible story! One that COULD have far-reaching impact on the U.S. financial sector, either positive or negative.

Goldman Sachs (the Rothschild’s arm in America) is under indictment for Civil Fraud, for knowingly trading high-risk subprime mortgage securities without disclosing those risks to investors, NOR (worse yet) disclosing that Goldman Sachs had apparently bet against or “shorted” those same securities.

As a result, as the housing market imploded and losses exploded for the biggest banks, Goldman suffered less damage. That led to criticism that the bank benefited at the expense of clients who bought mortgage-backed securities that later became toxic.

The SEC charges come less than 10 days after Goldman Sachs denied it bet against clients by selling them mortgage-backed securities while reducing its own exposure to such investments before the housing market crashed. Goldman told investors that a third party, ACA Management LLC, had selected the underlying mortgages in the investment. But, the SEC alleges, Goldman misled investors by failing to disclose that Paulson & Co. also played a role in selecting the mortgages and stood to profit from their decline in value.

Goldman Sachs is consistently one of Wall Street’s most reliable Democratic donors. A firm that delivered over 65% of its donations to Liberal Democrats in 2008.

Well, belated as this all is, it couldn’t happen to a more deserving firm!