Goldman Love Letters at Heart of SEC Case

Fooling 'widows' part of emailed sweet nothings
By Mary Papenfuss,  Newser Staff
Posted Apr 26, 2010 4:50 AM CDT

(Newser) – If there's anything Goldman Sachs bond trader Fabrice Tourre has learned it's: 1.) Don't rip off the public, and 2.) Above all, don't brag about it in love emails on a company computer to your gal pal. Tourre is the only individual named in the SEC fraud action against Goldman Sachs, thanks to his boasts 3 years ago about ripping off "orphans and widows" that apparently served as some kind of foreplay with girlfriend Marine Serres, reports Reuters.

Like any employees in love, the couple mused about curling up in each other's arms while Tourre, who referred to himself as the "fabulous Fab," also noted that "poor little subprime borrowers will not last so long!" The bizarre "pillow talk" that singled Tourre out was among emails released by the Senate panel investigating Goldman Sachs that will be discussed in hearings tomorrow. Company executives also boasted in emails of the money they could make from the housing collapse while foisting off bad bets on the public.
(Read more Fabrice Tourre stories.)

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