By Olivia Scheck
DNAinfo Reporter/Producer
MANHATTAN — News that the Securities and Exchange Commission filed suit against Goldman Sachs continued Monday morning to occupy the headlines of New York's major papers and elicit outrage among its editorial writers.
Following a Sunday expose, claiming that Goldman Sachs' top executives were behind the bank's alleged fraud, New York Times columnist, Paul Krugman referred to "Gucci-loafer guys at Goldman Sachs," saying that the charges against them amount to "white collar looting."
Meanwhile, in the New York Daily News, Mike Lupica shamed the investment bank by comparing them to the heros of 9/11.
"Now, all this time later, after the economy crashed the way the two towers did, there is Ground Zero on one side of the street in lower Manhattan and Goldman Sachs on the other," Lupica wrote.
The New York Post stirred outrage among readers by reporting that the company is planning to issue $5.4 billion in employee bonuses.
The SEC filed suit against Goldman Sachs in Manhattan on Friday, claiming that the Wall Street bank bet against the American housing market while encouraging clients to invest in it, causing investors to lose $1 billion when the market went bust.
