Thursday, June 10, 2010

Another Investigation of Goldman Sachs

The SEC has stepped up its inquiry into a Goldman Sachs' $2 billion Hudson Mezzanine collateralised debt obligation sold in 2006, according to FT.

This separate from civil fraud charges filed against the bank in April.

The politically driven SEC interest in Hudson Mezzanine Funding appears to be driven by 11-hour grilling of Goldman's executives, and former execs, by  Senate committee in April.  Hudson Mezzanine featured prominently in the questioning. So like a good lap dog, the SEC is chasing the ball.

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