Goldman: time to stop being specific and look at the systemic

Posted on / Companies / Banks - SEC probes second Goldman security.

The FT notes that the SEC is now looking at another possible fraud in a Goldman Sachs backed mortgage security.

This along with other allegations is beginning to look like this is no longer an issue of specific failures but of systemic failure.

In which case isn't it time to ask whether this bank is a fit and proper person to hold a banking licence?

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