April 16 (Bloomberg) -- U.S. stocks tumbled the most since February as Securities and Exchange Commission fraud accusations against Goldman Sachs Group Inc. spurred concern the fallout from the financial crisis isn’t over. Goldman Sachs sank as much as 16 percent, the most in 15 months, after the SEC sued the company and one of its vice presidents for misstating and omitting key facts about a collateralized debt obligation. JPMorgan Chase & Co., Bank of America Corp. and Morgan Stanley sank at least 3.3 percent as all 27 shares in a gauge of banks and brokerages retreated. Google Inc. plunged 6.5 percent after its earnings trailed some analyst estimates.
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Comment: Goldman Sachs should be also on trial for insider information deals and promoting "monopolistic state capitalism".
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