Sunday, April 18, 2010

Correction...SEC v. Goldman Sucks

I have small correction to make on yesterday's post. IKB was not taken over by RBS.
Rather, another actor in the SEC v. Goldman saga is ABN AMRO who insured the senior tranche of the debt portfolio at issue in this case. ABN was told by Goldman that ACA had selected the assets in the portfolio and they insured it. ABN was taken over by the Royal Bank of Scotland.


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