Wonder what type of Risk jobs benefit from this news?
The SEC alleged in a civil lawsuit that Goldman /quotes/comstock/13*!gs/quotes/nls/gs (GS 161.89, -22.38, -12.15%) structured and marketed a collateralized debt obligation that hinged on the performance of subprime residential-mortgage-backed securities, or RMBS. However, it failed to disclose the role that a major hedge fund, Paulson & Co., played in the portfolio selection process as well as the fact that the hedge fund had taken a short position against the CDO.
Full story at:
http://www.marketwatch.com/story/goldman-charged-with-fraud-over-paulson-cdo-trade-2010-04-16?reflink=MW_news_stmp
The SEC alleged in a civil lawsuit that Goldman /quotes/comstock/13*!gs/quotes/nls/gs (GS 161.89, -22.38, -12.15%) structured and marketed a collateralized debt obligation that hinged on the performance of subprime residential-mortgage-backed securities, or RMBS. However, it failed to disclose the role that a major hedge fund, Paulson & Co., played in the portfolio selection process as well as the fact that the hedge fund had taken a short position against the CDO.
Full story at:
http://www.marketwatch.com/story/goldman-charged-with-fraud-over-paulson-cdo-trade-2010-04-16?reflink=MW_news_stmp
