Friday, April 23, 2010

You want to understand the Goldamn Sachs case?

posted by The Vidiot @ 6:15 PM Permalink

Then read this guy's take on it.
1. This is a Weak Case: Actually, no — its a very strong case. Based upon what is in the SEC complaint, parts of the case are a slam dunk. The claim Paulson & Co. were long $200 million dollars when they were actually short is a material misrepresentation — that’s Rule 10b-5, and its a no brainer. The rest is gravy.
(saw it on BoingBoing)



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