Via Reuters, the CDO created by John Paulson which was in turn marketed to Goldman investors (sans the 411 that Paulson&Co was betting against it). Nothing new for the investors who lost a billion or so on this thing but in they event they’re looking for some JO&C material this afternoon, here ya go. Continue reading »
Fabrice Tourre
NEW YORK–(BUSINESS WIRE)–The Goldman Sachs Group, Inc. (NYSE: GS – News) responds to a complaint filed by the SEC today.
The SEC’s charges are completely unfounded in law and fact and we will vigorously contest them and defend the firm and its reputation.
A Goldman source tell us: “This will shake the market to the core. Here comes the double dip,” Dow is already down over 100 points and Goldman shares are off 12 percent. “They’ve charged a know-nothing VP, but this goes all the way to the top and they know it.”
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