Ah, lovely! The S.E.C. is finally suing those meretricious smart bastards at Goldman, Sachs for selling their customers the same bonds they were shorting in the market. And which were, furthermore, structured to fail and to make Goldman a ton of money.The instrument in the S.E.C. case, called Abacus 2007-AC1, was one of 25 deals that Goldman created so the bank and select clients could bet
Published on April 16, 2010 16:03