Saturday, April 17, 2010

The blame game

A Wall Street Invention That Let the Crisis Mutate

In recent months, something more troubling has begun to emerge. In December, Gretchen Morgenson and Louise Story of The New York Times exposed the role that some firms, including Goldman Sachs and Deutsche Bank, played in putting together investment structures — synthetic C.D.O.’s, they were called — that were primed to blow up.

Posted by devo @ 07:27 AM (1046 views)
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