Hedge funds did get in on it. That's why Goldman was sued for fraud. Didn't the ... | Hacker News

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		TheCondor on July 27, 2010 \| parent \| context \| favorite \| on: The Tyranny of the Credit Score Hedge funds did get in on it. That's why Goldman was sued for fraud. Didn't the hedge funds just game Morningstar against AIG against FICO scores?

ZachPruckowski on July 27, 2010 [–]

>Hedge funds did get in on it. That's why Goldman was sued for fraud.

Goldman wasn't sued because of what they offered as investments, they were sued because they misrepresented the net positions of at least one major player, allegedly deliberately.

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