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SEC charges Goldman with Fraud

toastywombel

By toastywombel
in Politics

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ecoli

ecoli

Posted
Posted
How would banning financial institutions like GS from trading in CDOs be a "loophole" in any way, shape, or form?

 

I have no idea, considering I'm not in finance and I haven't read the legislation. But I'm sure the experts at GS and elsewhere will be able to find one.

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bascule
bascule

What you're missing (and you didn't bother to quote that part of my post) is it's provably impossible for prospective buyers to identify toxic assets when combined using Goldman's software. This now

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