Editorial: No smoking gun in SEC case against Goldman Sachs:

04/19/2010 | Wall Street Journal, The

A Wall Street Journal editorial suggests the Securities and Exchange Commission is presenting underwhelming evidence in the fraud lawsuit it filed against Goldman Sachs on Friday. "After 18 months of investigation, the best the government can come up with is an allegation that Goldman misled some of the world's most sophisticated investors about a single 2007 'synthetic' collateralized debt obligation? Far from being the smoking gun of the financial crisis, this case looks more like a water pistol," the newspaper said.

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Wall Street Journal, The

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