LOS ANGELES TIMES: The civil charges relate to Goldman Sachs' creation of collateralized debt obligations -- a complex, mortgage-backed security. 'The product was new and complex but the deception and conflicts are old and simple,' a Securities and Exchange Commission official says in a statement.
Reporting from New York
Goldman Sachs is being charged with fraud by federal regulators for its work in creating subprime mortgage bonds before the financial crisis.
The Securities and Exchange Commission announced on Friday morning that it was bringing civil charges against Goldman and one of the bank's vice presidents in Manhattan federal court. >>> Nathaniel Popper | Friday, April 16, 2010
THE GUARDIAN: Goldman Sachs charged with $1bn fraud over toxic sub-prime securities: Securities and exchange commission charges Goldman Sachs with conflict of interest in sub-prime mortgage asset sales >>> Andrew Clark | Friday, April 16, 2010
THE TELEGRAPH: Dow hit by Goldman fraud charges: The Dow Jones ended a six-day rally on Friday, hit by civil fraud charges against Goldman Sachs and investor disappointed over trading at Google. >>> AP | Friday, April 16, 2010
