US News has done a good job of covering the Goldman Sachs/SEC lawsuit. My comments stay away from passing any judgement in either direction:
“In some ways, this is Wall Street 101 in that there needs to be somebody on both sides of every deal. So clearly you have a world full of smart financial firms, but still with those firms often taking bets opposite of each other,” says Kevin McPartland, a senior analyst with the TABB Group, a financial-sector research and advisory firm. “There’s always going to be somebody that’s looking in the opposite direction.”