 The Wild Wild World of Wealth |
The dead bodies keep surfacing. It’s now clear the ratings agencies, who were paid for impartial evaluations of Goldman’s Abacus and other CDO deals, had serious qualms. Here are a few sound bites from internal e-mails quoted in today’s Wall Street Journal:
Earlier this week, I described the Magnetar Trade—the idea that a hedge fund can promote a CDO and bet against the same pool of assets. I have no idea whether the SEC’s charges involve Magnetar, but one thing is clear even now.
Other law suits will follow.
The Perfect Husband Hands down. This is the best ad I have ever seen for financial services. Yikes. Norb Vonnegut
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