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A discarded laptop found in the garbage has turned out to be a treasure trove of new information about the only lawsuit the SEC has brought over Wall Street’s mortgage debacle.
President Obama said on Wednesday that the Securities and Exchange Commission never discussed civil fraud charges against Goldman Sachs with the White House before they were publicly announced.
In a civil suit filed Friday, the S.E.C. accused the investment bank of securities fraud over a deal in which Goldman profited from bets against products it sold to customers.