Misled by Goldman? No, sunk by bullishness
If Goldman Sachs actively misled investors in its Abacus 2007-AC1 CDO it deserves punishment. It’s a big if and at some point the principle of caveat emptor must apply. Whatever happens, it is perverse to hang the government’s flagship fraud cases on two investors brought low precisely because they had an excessively bullish view on subprime CDOs
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts