Thursday, April 22, 2010

The Dirt on the 'Victim' in the Goldman Case

John Carney has landed on his feet at Daily Beast, after being fired by Henry Blodget, and comes roaring out of the gate with a must read story on Dusseldorf-based IKB Deutsche Industriebank, the German bank that was on the other-side of the CDO trades made by Paulson & Co., and brokered by Goldman Sachs.

Bottom line: IKB was just as aggressive and playing near the edge as was Goldman. There were no babies in this pig pen. Carney's story is here.

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