The Goldman Sachs incident is also known as the Goldman Sachs crisis. 2010 April 16, heavy news came from wall street. The Securities and Exchange Commission (SEC) formally accused Goldman Sachs Group (GS) of cheating investors. The SEC said that GS concealed key information when it sold its own CDS to investors. The performance of this CDS product is directly related to residential subprime mortgage securities (RMBS). On the one hand, Goldman Sachs allows customers (Paulson hedge fund) to short the financial product, on the other hand, it promises other investors that the product will be launched by an independent and objective third party.