Tag Fabrice Tourre

Goldman Sachs Group Inc. had a clear strategy of shorting the collapsing mortgage market and made $3.7 billion through the tactic, Senate investigators said, setting up a showdown with Goldman executives testifying before a Senate subcommittee Tuesday. Goodness, Head Vampire…

Fabrice Tourre, the central figure in the unfolding Goldman Sachs fraud story, bragged about selling Abacus bonds he knew to be garbage to “orphans and widows” seemingly chuckling to himself about what a clever young lad he is. However, others…

From Goldman’s statement this morning “The core of the SEC’s case is based on the view that one of our employees misled these two professional investors by failing to disclose the role of another market participant in the transaction.” This…