Here’s what everyone was thinking before we found out that the SEC will in fact announce a Goldman settlement at 4:45 today:
What if the SEC’s “significant announcement” (their words) at 4:45 PM ISN’T about a Goldman Sachs settlement?
Until 5 minutes ago, there were a bunch of other possibilities, like:
- They’re charging another bank with fraud committed during the financial crisis like they did Goldman (misleading investors)
- It has to do with AIG’s, Citi’s, or Bank of America’s classifying some Repos as sales as announced earlier this week and today.
- They’re just going to comment on the financial overhaul. (Lame – they better not get us all excited for that.)
Other possibilities? Suggest them in the comments section.
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