Goldman Sachs and the Aftermath of the Sec Case
Business & Management (SL) IA
Commentary on:
“How will Goldman Sachs regain its image and return to profitability after the SEC lawsuit?”
Candidate Name: Sabih Rahman
Yonkers High School
March 2011
Candidate Number: 001282365
Word Count:1497 words
Table of Contents:
Introduction…………………………………………………………………………………..…3
The SEC case and aftermath………………………………………………………………….4
How can Goldman regain its image...............................................................................5-6
Conclusion………………………………………………………………………………………7
Works Cited…………………………………………………………………………………...…8
SWOT Analysis………………………………………………………………………………….9
Document 1 (Goldman, Sachs & Co. Settlement with the SEC)…………………………10
Document 2 (SEC Charges Goldman Sachs with Fraud)………………………….....11-12
Document 3 (The Great American Bubble Machine by Matt Taibbi)…….…………..13-22
Document 4 (Goldman Kicks Off National Advertising Campaign)…………………23-24
Document 5,6 &7…………………………………………………………..not numbered PDF
Introduction
The Goldman Sachs Group, Inc. is a global investment banking and securities firm founded in 1869 which engages in investment banking, securities, investment management, and other financial services primarily with institutional clients. It also provides mergers and acquisitions advice, underwriting services, asset management, and prime brokerage to its clients, which include corporations, governments and individuals.
On April 16, 2010 the U.S. Securities and Exchange Commission (SEC) charged Goldman with fraud in a complicated transaction involving securities known as collateralized debt obligations (CDOs).The particular deal that was questioned involves a hedge fund manager named John Paulson regarding the CDO -ABACUS 2007-AC1.
The SEC case and aftermath
According to the SEC, one of Goldman's vice presidents, Fabrice Tourre, let hedge fund manager, John Paulson decide which mortgages were bundled into ABACUS. Paulson, who was betting
Commentary on:
“How will Goldman Sachs regain its image and return to profitability after the SEC lawsuit?”
Candidate Name: Sabih Rahman
Yonkers High School
March 2011
Candidate Number: 001282365
Word Count:1497 words
Table of Contents:
Introduction…………………………………………………………………………………..…3
The SEC case and aftermath………………………………………………………………….4
How can Goldman regain its image...............................................................................5-6
Conclusion………………………………………………………………………………………7
Works Cited…………………………………………………………………………………...…8
SWOT Analysis………………………………………………………………………………….9
Document 1 (Goldman, Sachs & Co. Settlement with the SEC)…………………………10
Document 2 (SEC Charges Goldman Sachs with Fraud)………………………….....11-12
Document 3 (The Great American Bubble Machine by Matt Taibbi)…….…………..13-22
Document 4 (Goldman Kicks Off National Advertising Campaign)…………………23-24
Document 5,6 &7…………………………………………………………..not numbered PDF
Introduction
The Goldman Sachs Group, Inc. is a global investment banking and securities firm founded in 1869 which engages in investment banking, securities, investment management, and other financial services primarily with institutional clients. It also provides mergers and acquisitions advice, underwriting services, asset management, and prime brokerage to its clients, which include corporations, governments and individuals.
On April 16, 2010 the U.S. Securities and Exchange Commission (SEC) charged Goldman with fraud in a complicated transaction involving securities known as collateralized debt obligations (CDOs).The particular deal that was questioned involves a hedge fund manager named John Paulson regarding the CDO -ABACUS 2007-AC1.
The SEC case and aftermath
According to the SEC, one of Goldman's vice presidents, Fabrice Tourre, let hedge fund manager, John Paulson decide which mortgages were bundled into ABACUS. Paulson, who was betting