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Goldman Sachs (GS) loses its bid to dismiss a $1B lawsuit over CDOs loaded with toxic subprime...

Goldman Sachs (GS) loses its bid to dismiss a $1B lawsuit over CDOs loaded with toxic subprime mortgages it sold to an Australian hedge fund. One of the CDOs - Timberwolf - was famously described by Goldman mortgage department chief Thomas Montag as "one s------ deal."
Comments (2)
  • Lares Capital
    , contributor
    Comments (392) | Send Message
     
    >> it sold to an Australian hedge fund

     

    And why is there a lawsuit in the first place? Hedge Fund - an unsophisticated investor?
    22 Oct 2012, 03:52 PM Reply Like
  • WMARKW
    , contributor
    Comments (10252) | Send Message
     
    Ever hear of "fraud" and "mis-representation"? GS - who would want to deal with these guys with their reputation?
    22 Oct 2012, 04:03 PM Reply Like
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