SEC Charges Goldman With Fraud In Failed CDO

By Evan Weinberger ( April 16, 2010, 1:36 PM EDT) -- The U. S. Securities and Exchange Commission on Friday sued Goldman Sachs Group Inc. , alleging the investment bank played both sides in creating a collateralized debt obligation made up of mortgage-backed securities that was designed to fail, reportedly costing investors well over $1 billion. . . .

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