The Goldman Sachs primary:

[think]

6. It's a win-win for the company whose actions were called "deceptive and immoral" by Senator Levin

Carl Levin: Goldman Sachs Decision Shows Either 'Weak Laws Or Weak Enforcement'

Reuters - Posted: 08/10/2012 2:32 pm EDT Updated: 10/10/2012 5:12 am EDT

* US Senator Levin asked for Goldman criminal probe in 2011

* Justice Department was 'thorough and impartial' -Goldman

WASHINGTON, Aug 10 (Reuters) - The U.S. Justice Department's decision not to prosecute Goldman Sachs Group Inc for its subprime mortgage trades resulted from either "weak laws or weak enforcement," the senator who asked for a criminal investigation of the firm said on Friday.

A day after the department announced its decision, Democratic Senator Carl Levin reiterated in a written statement the criticisms he lodged against Goldman beginning more than two years ago. He called the firm's actions "deceptive and immoral."

~Snip~

"It misled investors by claiming its interests in those securities were 'aligned' with theirs while at the same time it was betting heavily against those same securities, and therefore against its own clients, to its own substantial profit," he said on Friday.

Goldman settled a related civil investigation by the U.S. Securities and Exchange Commission for $550 million in July 2010 without admitting wrongdoing...

~Snip~

http://www.huffingtonpost.com/2012/08/10/carl-levin-goldman-sachs_n_1765408.html

How Goldman secretly bet on the U.S. housing crash

BY GREG GORDON
McClatchy NewspapersNovember 1, 2009

WASHINGTON — In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting.

Goldman's sales and its clandestine wagers, completed at the brink of the housing market meltdown, enabled the nation's premier investment bank to pass most of its potential losses to others before a flood of mortgage defaults staggered the U.S. and global economies.

Only later did investors discover that what Goldman had promoted as triple-A rated investments were closer to junk.

Now, pension funds, insurance companies, labor unions and foreign financial institutions that bought those dicey mortgage securities are facing large losses, and a five-month McClatchy investigation has found that Goldman's failure to disclose that it made secret, exotic bets on an imminent housing crash may have violated securities laws.

Read more here: http://www.mcclatchydc.com/2009/11/01/77791/how-goldman-secretly-bet-on-the.html#storylink=cpy