There's a time-honored CDO dictum,
When a firm's charged with fleecing a victim:
Every other firm too
Will conduct a review
Of the tranches it sold, and who picked 'em.
Tuesday, April 27, 2010
One Bad Apple, or a Rotten Bunch?
Posted by
Dr. Goose
Labels:
Abacus 2007-AC1,
banks,
CDOs,
derivatives,
economics,
Fabrice Tourre,
Finance,
Goldman Sachs,
John Paulson,
Poetry,
subprime,
Wall Street
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— Dr. Goose (@DrGooseEcon) April 6, 2012
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