Clinton's Take On Immigration, Goldman Sachs

Former President Bill Clinton tells attendees at a conference in Washington that Goldman Sachs may not have violated the law when it came to conduct leading up to the financial crisis. “I’m not at all sure they violated the law, but I do believe that there was no underlying merit to the transaction and that’s what I think we need to look at,” he said today about the Securities and Exchange Commission suit filed earlier this month alleging Goldman Sachs misled investors in a mortgage-linked investment.The SEC suit alleges that Goldman Sachs created and sold collateralized debt obligations in 2007 based on subprime mortgages without disclosing that Paulson & Co., the hedge fund run by billionaire John Paulson, helped select the underlying securities. Goldman Sachs also didn’t disclose that Paulson was betting against the assets, the SEC said.Goldman has denied any wrongdoing and is fighting the allegations. Paulson wasn’t accused of wrongdoing.