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Datum: 29.08.2016
Autor: Gast
How many more years do you have to go? mycelex-g Wall Streets Fabulous Fab is heading to trial today and the case brings back memories of reckless trading that help lead to the mortgage mess and collapse of the housing market. Former Goldman Sachs trader Fabrice Tourre is accused in a civil trial of cheating investors who bought mortgage-backed securities.  The  Securities and Exchange Commission is accusing Tourre of knowingly selling investments that he expected would go bad. Goldman Sachs settled charges brought against it, paying $550 million. The giant financial firm faces private litigation related to a package of mortgage-based securities sold to investors in 2007. The SEC is seeking unspecified damages against Tourre, saying he failed to tell investors a billionaire-led company helped pick the assets for the securities they invested in even as the firm bet against them. Tourres lawyers say hes done nothing wrong.