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Description:  The Securities and Exchange Commission is likely to bring charges soon against Goldman Sachs (GS) for a 2006 mortgage investment deal. The agency hasn’t said which one yet, but Fortune has learned there’s a good chance the SEC’s case will focus on Fremont Home Loan Trust 2006-E, a bundle of more than 5,000 mortgages that has cost investors, including mortgage guarantor Freddie Mac and by extension U.S. taxpayers, an estimated $545 million.

Source: Fortune.com

Date: 04/02/2012

Link:  http://finance.fortune.cnn.com/2012/04/02/fremont-bond-goldman-sachs/?iid=SF_F_LN

Questions for discussion:

  • Summarize the highlights presented in the report.
  • What is your view of the situation?

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