Relevant:
- Goldman Trader Hid $8.3 BILLION Trading Position, Caused Loss Of More Than $100 Million
- Morgan Stanley Hired Goldman Trader Named in U.S. Suit
- Goldman Special Situation Profit Seen at Risk With Volcker Rule
- Goldman plans to spin off prop trading: report
- The Times' Andrew Ross Sorkin Gives Goldman a Rubdown
2010-06-10 — nakedcapitalism.com
"The latest shoe to drop on the Goldman front is the report on Wednesday that the SEC was investigating yet another one of its synthetic CDOs, this one a $2 billion confection called Hudson. It isn’t clear whether the SEC will file charges, but this one has the potential to be particularly damaging in the court of public opinion, since this CDO was created solely as a proprietary trading position to help the firm get short subprime risk in late 2006, when the market was clearly on its last legs."
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