Quoting the Crisis14/11/2009
“ The Securities and Exchange Commission should be very interested in any financial company that secretly decides a financial product is a loser and then goes out and actively markets that product or very similar products to unsuspecting customers without disclosing its true opinion. This is fraud and should be prosecuted. „
Laurence Kotlikoff, a Boston University economics professor, quoted by Barry Ritholtz in How Goldman Bet on a Housing Crash | The Big Picture
Quote posted at 17:03
