Goldman Sach's loses Supreme Court battle over their Mortgage Backed Securities Fraud!

Goldman Sach's hit a brick wall yesterday in the U.S. Supreme Court.  

They were trying to have a lower court's ruling against their MBS (Mortgage backed Securities) Fraud from 2008.   The U.S. Supreme court upheld the fraud claims against G.S from the investors of MBS.

This is awesome that the Supreme Court actually upheld the law against G.S. and Wall Street.

GS sold their mortgage servicing company, Litton Loan 2 years ago to Ocwen as they have tried to get out from under all the lawsuits.

Of course as always what is a Wall Street's argument to courts.....  "You can't do this, because it will cost Wall Street Billions of Dollars."

The bank has said that letting the 2nd Circuit decision stand could cost Wall Street tens of billions of dollars.

Isn't it amazing that Wall Street always uses the same defense in court.  I guess they simply can't give themselves the billions in bonuses and instead have to pay the investors they defrauded.  

Wall Street banks are all fraud and they believe they are above the law.  It is really refreshing to see  them having to be accountable for their fraud.  

Now.... bring on JP Morgan and the fraud that they committed by stealing directly from people's accounts at MF Global, besides all the gold and silver directly from clients.  

Start holding all of Wall Street accountable for the Fraud they commit every day!

Goldman Sachs Group Inc suffered a defeat on Monday as the U.S. Supreme Court let stand a decision forcing it to defend against claims it misled investors about mortgage securities that lost value during the 2008 financial crisis.

Without comment, the court refused to consider Goldman's appeal of a September 2012 decision by the 2nd U.S. Circuit Court of Appeals in New York. Goldman shares sank more than 2 percent.