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SEPTA sues Goldman Sachs
This is an interesting little story, and I'm not quite sure what to make of it just yet. On the one hand, hell yeah, it's about time somebody challenged these Wall Street bastards. On the other, isn't suing Goldman for greed a bit like suing the sun for shining?
SEPTA sues Goldman Sachs
This is an interesting little story, and I'm not quite sure what to make of it just yet. On the one hand, hell yeah, it's about time somebody challenged these Wall Street bastards. On the other, isn't suing Goldman for greed a bit like suing the sun for shining?
I'm going to dig around today, time permitting, but I wonder if these sorts of suits have gone anywhere. I mean, from a strictly legal perspective, I would imagine that this case is an uphill climb for the transit authority. If they don't like the way their money is managed, they do have remedies — their stockholders' vote, namely. Or they could pull their money out of Goldman and allocate it elsewhere.
Curious if there are any lawyers out there who could give me a sense of what SEPTA's chances are with this thing. If you are, or known someone who is, please e-mail me at jeffrey.billman@citypaper.net, or just hit up the comments.
[...] This post was mentioned on Twitter by Philly News Now, Yancey @YanceyG. Yancey @YanceyG said: SEPTA sues Goldman Sachs: This is an interesting little story, and I'm not quite sure what to make of it just yet.... http://bit.ly/63p3re [...]
AWESOME!!!!!!! Hands down, the smartest idea I've seen in terms of handling those jerks; fight fire with fire!
Goldman Sachs Vs Septa! Its like Godzilla Vs Mothman, its a joke, Septa has the best hired guns in the tri state area and so does Goldman Sachs. Does anyone really think that there was anything going on that either party wasn't aware of? Its like one big gangbang, you never know who's going to be having sex with who, friggin lawyers! Its all bullshit, Septa stands accused of underfunding employees pension plans while getting billions in city, state and federal money and Goldman S, squanders it on chancy investments, thick as thieves I tell Ya.
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