Ten Things You Don?t Know (Or Were Misinformed) About the Goldman Sachs Case
Barry Ritholtz has been watching some of the really bad analysis, sloppy reporting, and unsupported commentary about the Goldman Sachs case with a mixture of awe and dismay. He put together this list based on what he knows as a lawyer, a market observer, a quant and someone with contacts within the SEC. First of all, this is a very strong case, based upon what is in the SEC complaint. The claim that Paulson & Co. were long $200 million dollars when they were actually short is a material misrepresentation - that?s Rule 10b-5, and it's a no brainer. The rest is gravy.