Goldman Sachs Case Brief summary Essay

п»їBrief Case Synopsis

1) The case looks at the unethical and illegal fraudulence committed by simply Goldman, Sachs & Co. as part of a serious securities scam that occurred in early 2007. Goldman Sachs is a great investment banking organization headquartered in New York. 2) The Investments and Exchange Commission (SEC) alleged that Goldman Sachs acted immorally by providing traders with misleading information associated with a assets debt accountability (CDO) that was linked to the functionality of subprime residential mortgage backed investments (RMBS). Connection to Our Matter: Companies who are led by Entrepreneurs who are usually company founders or who act like the corporation belongs to options more likely to make unethical works 1) The case is not directly linked to our topic as a result of absence of a founder CEO of the firm in focus here, Goldman Sachs. 2) Despite this circumstance, there are instances of unethical functions committed simply by top executives at the company which provides us a reliable summary of the reasons and offers that eventually lead to this kind of actions many of which can be associated with the dishonest acts determined by founder CEOs and the motives to get doing so. 3) The claimed unethical works in the case as well as the actions prior to it happen to be summarized under: I. Paulson and COMPANY. Inc. a hedge fund founded in 1994, resulting from extensive research it had properly predicted an important fall in value of RMBS and was looking into likely transactions to find counterparties to its prepared short location and this can be where Goldman Sachs comes in. II. Goldman Sachs create a RMBS portfolio, the underlying assets were chosen by Paulson but it was portrayed to investors which the assets had been actually chosen by ACA Management LLC a most respected firm that was experience with RMBS. 3. It was portrayed to the traders by Goldman Sachs the assets in the RMBS portfolio were chosen by ACA and did not mention this individual active role that Paulson played at the same time. IV. Goldman Sachs failed to mention...

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