Goldman Gets Roped Into Diamondback Insider Trading Probe, Gasparino Reports
It was just yesterday that Goldman thought all of its dealings with the SEC would be over and done with: after all it is not that often that the firm gets slapped with a fine to the tune of 3 trading days' profit to neither admit nor deny it was raping its dumb as bricks European and Asian clients (the same ones who are responsible for the end of the shadow banking system) who could not realize just how massive a scam synthetic CDOs were. We hope the firm enjoyed its time away from the public's attention, because as Gasparino reports, it is about to reenter it with a thud. Quote Chaz: "Goldman Sachs, we can definitively say, is involved in this investigation through its healthcare group and through some sort of associate and potential leak to Diamondback, the hedge fund of five billion dollars that was raided yesterday. Sources are telling the FOX Business Network as the Feds are looking at Diamondback’s healthcare group, that’s were at least one Goldman Sachs banker has been roped in." When all is said and done, our money is on Goldman Sachs being "Investment Bank 2" (see here).