Some Friday Fireworks
The market dropped today when the SEC announced it would be charging Goldman Sachs (GS) with some fraud charges in related to some stuff too complex for me to even attempt to explain.
There is plenty of information out there that breaks down the situation – I’d refer you to zerohedge.com for the best, objective information on the subject.
If you want to just be entertained, here’s a good clip of Jim Cramer getting criticized pretty hard on CNBC which is never supposed to happen of course. Whether Cramer is right or wrong here, it doesn’t matter. As one of many people who are sick and tired of Goldman Sachs getting away with anything and everything, I appreciate the opposing view and criticism of “Goldman Sachs public relations”. Check out the video: