The SEC complaint against GS is straight-forward, but it doesn’t tell us everything the SEC knows. Here are some questions and some details on this fascinating case.
|By: Cynthia Kouril Sunday April 18, 2010 1:15 pm|
I don’t understand it. Why would they do it? Oh, I know that Goldman Sachs made a lot of money working both sides of the deal selling short on a synthetic CDO that it created with direct input of the customer who wanted to take the short position (bet against the CDO).