Friday, April 23, 2010
the cheating game.
Whoever said cheating the system will get you in big trouble is certainly proven wrong over the Goldman Sach's Situation. They made $5.4 Billion over just three months of work all while being sued by the Securities & Exchange Commissions for Fraud facing an EU investigation. They are still going strong and are still the largest investment bank who will get out of this mess pretty quickly. Goldman Sach's made a crazy amount of money betting on mortgages, while the economy was going downhill. They thought they were doing something ethical, when in fact it was deemed as unethical. They took clients money when they knew that a deal would go bad. However, Goldman Sach's has been in trouble with the law quite often that they know how to play the cheating game and get away with it.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment