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The SEC says the Vampire Squid created and sold securities designed to fail, which were then shorted. “Goldman wrongly permitted a client that was betting against the mortgage market to heavily influence which mortgage securities to include in an investment portfolio, while telling other investors that the securities were selected by an independent, objective third [...] GE says everything’s fine, just fine, thanks for asking, as the stock drops off a cliff. The problem is their finance unit, which threatens to turn the entire company into smoking rubble. Those bothersome auditors say GM is circling the drain, how thoughtful of them to awaken from their slumbers long enough to notice [...] |  | ||||
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