MBA Follies: Goldman-Sachs Alleged Subprime Fraud

On January 29, 2010, and last March 9, 2009, this blogger previously expressed or referred to suspicions that Goldman-Sachs investment house might have gamed the sub-prime mortgage world by shortselling based on insider information, thus causing or significantly contributing to its collapse. Therefore, today's headline allegation of G-S fraud (funny-business shortselling) comes as no surprise. But will this lead to just a shadow-charade puppet show with no final convictions or even conclusions, or will something substantial be gained from all the public scrutiny of how business is done inside Wall Street? This blogger believes there will be a public flogging, not a beheading but it will still hurt a lot for G-S principals, and that regulatory reforms will be installed ... rather, re-installed.