It is also worth noting that Gretchen Morgenson and Louise Story broke the entire story 4 months ago, and the SEC complaint reads verbatim from the authors' December 24 article.
More from the New York Times:
Goldman Sachs, which emerged relatively unscathed from the financial crisis, was accused of securities fraud in a civil suit filed Friday by the Securities and Exchange Commission, which claims the bank created and sold a mortgage investment that was secretly devised to fail.
The move marks the first time that regulators have taken action against a Wall Street deal that helped investors capitalize on the collapse of the housing market. Goldman itself profited by betting against the very mortgage investments that it sold to its customers.
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