A New York Post columnist has written that the SEC, perhaps the New York regional office, is looking into Goldman Sach's 3Q earnings homerun. Regulators seem to be curious about how it was able to hedge to such spectacular results. One issue, according to the column, is whether traders were tipped off by bankers about the extent of the problems in the industry, notably at Bear Stearns and other places. Not sure if that constitutes anything illegal. The column was not picked up widely by other outlets. It may not constitute much more than someone having a single conversation with someone in the New York office. But we'll see if any confirmation bubbles up anytime soon.
For more:
- here's the New York Post column [1]
Related articles:
- Glitter fading from Goldman's earnings? [2]
- Goldman Sachs' assets top $1 trillion [3]
- Goldman Sachs hits one long, Bear Stearns whiffs [4]
Read more on: Goldman Sachs [5] l SEC [6]