Germany's Landesbank Baden-Wuerttemberg files suit against Goldman (GS) over a $37M loss...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

Germany's Landesbank Baden-Wuerttemberg files suit against Goldman (GS) over a $37M loss incurred on a mostly subprime/"midprime" CDO. The complaint says Goldman represented the investment as "safe, secure, and nearly risk free" while Goldman execs were privately calling it "game over" and reducing their mortgage exposure.