Motley Fool Money: 04.16.2010

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 16 April 2010

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

The SEC sues Goldman Sachs. President Obama talks about the business of space. Google, Intel, and Mattel report earnings. And Twitter debuts a new business model. On this week's Motley Fool Money Radio Show, we tackle those stories, share three stocks on our radar, and talk corporate espionage with Politico reporter Eamon Javers, author of Broker, Trader, Lawyer, Spy. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Everybody needs money. That's why they call it money.
0:09.0	From full global headquarters, this is Motley Fool Money.
0:19.0	Welcome to the show. Thanks for being here. I'm your host Chris Held.
0:22.0	I'm joined by Motley Fool, Senior Analyst Seth Jason, James Early, and Shannon Derry.
0:27.0	Guys, good to see you. Good to see you Chris.
0:29.0	On today's show, corporate espionage and the chocolate wars.
0:33.0	Earnings news from Bank of America, Google, and Intel.
0:36.0	Plus, as always, we'll give you an inside look at the stocks that are on our radar.
0:40.0	But we begin with Friday's news that the SEC is charging Goldman Sachs
0:45.0	and one of its investors with fraud for mistating and omitting key facts
0:50.0	about an investment product called Abacus. James Early.
0:54.0	What in the world is Abacus? Break this down for us.
0:56.0	Chris, it's a little complicated. It's not extremely complicated.
0:59.0	Goldman Sachs basically assembled a CDO trade that then sold to certain investors,
1:04.0	foreign investors, pension funds, hedge funds, who thought that these CDOs were assembled
1:10.0	by some sort of an independent manager per the perspective, apparently.
1:14.0	Come to find out that independent manager was John Paulson.
1:18.0	Allegedly, don't sue us, Goldman Sachs.
1:22.0	Or John Paulson.
1:23.0	Who ran a hedge fund that was up what, 500% in 2009 betting against real estate.
1:28.0	So the question is, how do you define independent?
1:33.0	I don't know. I think the SEC is certainly under pressure to squeeze some milk out of something.
	...

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