Widespread criminal negligence!
I quote from the fraud action by SEC against Goldman Sachs… “for making materially misleading statements and omissions in connection with a synthetic collateralized debt obligation … ABACUS 2007¬AC1…tied to the performance of subprime residential mortgage-backed securities… was structured and marketed by GS&Co in early 2007 when the United States housing market and related securities were beginning to show signs of distress.”
“when the United States housing market and related securities were beginning to show signs of distress”?
Absolutely, at the date when ABACUS 2007AC1 was issued, April 26, 2007, I had already made four posts related to the subprime mortgage crisis… http://bit.ly/cwbLT2
And so: Where had the minimum caveat emptor we should expect from regulators gone? Where were the regulators? This has all the sign of being more complicated than it is been made out to be… Was it not all criminal negligence all over the place?
“when the United States housing market and related securities were beginning to show signs of distress”?
Absolutely, at the date when ABACUS 2007AC1 was issued, April 26, 2007, I had already made four posts related to the subprime mortgage crisis… http://bit.ly/cwbLT2
And so: Where had the minimum caveat emptor we should expect from regulators gone? Where were the regulators? This has all the sign of being more complicated than it is been made out to be… Was it not all criminal negligence all over the place?
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