NYT Quotes Prof. Painter on the SEC's Fraud Case Against Goldman Sachs.

In a New York Times times article on the SEC's fraud case against Goldman Sachs, Professor Richard Painter was quoted as saying that the novel nature of the fraud charges made it important for the S.E.C. to disclose more details quickly, so that markets were not paralyzed by uncertainty over the boundaries."The S.E.C. needs to step to the plate with very specific facts and make it clear what they think Goldman did that was wrong," stated Professor Painter.