DID YOU GET BURNED BY GOLDMAN SACHS?
The following is an edited version of the Securities and Exchange Commission complaint against Goldman Sachs
The Commission brings this securities fraud action against Goldman, Sachs & Co. /quotes/comstock/13*!gs/quotes/nls/gs (GS 160.99, -23.28, -12.63%) and a GS&Co employee, Fabrice Tourre ("Tourre"), for making materially misleading statements and omissions in connection with a synthetic collateralized debt obligation ("CDO") GS&Co structured and marketed to investors. This synthetic CDO, ABACUS 2007AC1, was tied to the performance of subprime residential mortgage-backed securities ("RMBS") and 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. Synthetic CDOs like ABACUS 2007-AC1 contributed to the recent financial crisis by magnifying losses associated with the downturn in the United States housing market. See Goldman Sachs story.
FOR MORE FREE INFO JUST GO TO HTTP://WWW.WORLDVIEWDIRECT.NET
The Commission brings this securities fraud action against Goldman, Sachs & Co. /quotes/comstock/13*!gs/quotes/nls/gs (GS 160.99, -23.28, -12.63%) and a GS&Co employee, Fabrice Tourre ("Tourre"), for making materially misleading statements and omissions in connection with a synthetic collateralized debt obligation ("CDO") GS&Co structured and marketed to investors. This synthetic CDO, ABACUS 2007AC1, was tied to the performance of subprime residential mortgage-backed securities ("RMBS") and 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. Synthetic CDOs like ABACUS 2007-AC1 contributed to the recent financial crisis by magnifying losses associated with the downturn in the United States housing market. See Goldman Sachs story.
FOR MORE FREE INFO JUST GO TO HTTP://WWW.WORLDVIEWDIRECT.NET
DO YOU JUST WANT TO KEEP YOUR MONEY SAFE?
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