Friday, April 23, 2010

Goldmans Loose Lips could Sink this Ship $GS #GS

LOS ANGELES (MarketWatch) -- The U.S. government is investigating whether Goldman Sachs Group Inc. director Rajat Gupta informed the head of the the Galleon Group hedge fund about a pending $5 billion investment in the brokerage by Warren Buffett's Berkshire Hathaway Inc. in 2008, according to a Wall Street Journal report Friday. The report cited a government filing alleging that Gupta told Raj Rajaratnam of the deal. Rajaratnam is currently under indictment on charges of authorities about the tip-off to Rajaratnam. Gupta has not been charged in the case and is slated to resign his position with Goldman Sachs next month. insider trading. The report cited an unnamed source as saying Gupta himself told

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