Goldman Sachs

What really is fraud today in the business world? Goldman Sachs was recently accused of fraudulent actions related to subprime mortgages. They would sell these packaged securities to another investment firm but would customize them accordingly. The buyer would then dish them off to uneducated institutions and made off with murder when the mortgage crisis developed. Now this may seem unfair on the surface but think about it, it's the business world and it's a capitalistic economy. Buyer beware man. Goldman Sachs is just making a profit and customizing securities for sale shouldn't be a wrongdoing. The institution purchasing these CDOs should understand what they're buying. There isn't any deception, don't buy them if you don't know what they are. People are also assuming that this company is going to be affected by this lawsuit. Goldman Sachs is the most well known investment bank in the country. An action such as this one isn't going to affect their wealth and ability to make a profit. I feel as if regulation in all aspects is getting way out of control. When is too much regulation too much regulation? When it starts to disrupt my social life and cause me inconvenience, that's when there is too much regulation.