Goldman Sachs is on the hot seat! Fraud charges open the door for every other customer or government who lost money to pile on with lawsuits and investigations of their own. The charges are not surprising as many (including myself) have harbored suspicions about their ‘extraordinary’ ability to profit when everyone else was losing money. This is just the beginning of a long hard fight that will probably take years to play out. Regardless the outcome, the ‘shine’ is off this pot of gold.
The charges of fraud will now nettle
At Goldman and test out their mettle.
Despite their allies
And insider ties,
They’ll find there’s no lid for this kettle.