ALERT: Stock market will tread water in 2010
By Daniel at 28 December, 2009, 2:51 pm
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Chicago Sun Times Article Dated December 27th, 2009:
Article Entitled: STOCK MARKET WILL TREAD WATER IN 2010:
Important Excerpt from this article…
…The New York Times reports that the Securities and Exchange Commission and the security industry’s in-house cop, the Financial Industry Regulatory Authority, are looking at whether Goldman Sachs Group (GS) and other big Banks deliberately steered customers into bad investments on collateralized mortgages. While the Banks were selling these same securities, they also were taking positions that helped them profit from a decline in housing values. this may have been going on in 2007(Probably “going on” for several years running!), when the housing markets first showed cracks.
http://www.suntimes.com/business/roeder/1959219,CST-FIN-curious27.article
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