[dr_who]

Is it just me, or is a bit silly to make allusions to a volcano in Iceland and Goldman Sachs in the same news story?

[mlocher]

I track oil price normalized by the value of the dollar on a daily basis. Today’s drop in both price and normalized price was a regression to the mean, so to speak. Today’s GS news seemed to cause oil’s price to drop, but it was dropping before the SEC announcement and was due to drop, for technical and supply reasons, if nothing else.

[MissEdie]

Is this the prelude to Obama taking over Goldman Sachs?

[dr_who]

SEC charge on Goldman has a Tiger Woods-like effect on Oil markets.

There, fixed.

[RC one]

Over the past several years, it was not uncommon for large financial companies to package large numbers of mortgages and sell them as securities to investors seeking high returns with low risk.

But the SEC says Goldman did not tell investors that a hedge fund paid them millions of dollars for the right to select which mortgages would go into the securities. The fund allegedly then set up complex transactions that would pay them well if the securities defaulted.

http://www1.voanews.com/english/news/usa/US-Regulators-Charge-Goldman-Sachs-With-Fraud--91047789.html