(New York Times) It would be easy to overlook the case against Goldman Sachs filed by the SEC on Jan. 14. It involved a complex piece of Wall Street plumbing, led to a minuscule $15 million fine and came on the same day that Goldman agreed to pay up to $5 billion to settle prosecutors’ claims that it sold faulty mortgage securities to investors. But the smaller settlement merits close study because it sheds light on one of Wall Street’s most secretive and profitable arenas: securities lending and short-selling….
This Case Sheds Light on Goldman’s Role as Lender in Short Sales
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