[SeekAndFind]

Goldman misled clients by failing to give adequate disclosure,just like Obama did and yet they get nailed for it.

Goldman's argument is the following :

1) The counter-parties to this CDO investment were sophistacted ivnestors themselves - ACA and the German bank KNEW the risk and had a hand in looking at what comprised the portfolio before going long on the trade. That they were on the losing side of the trade goes with every other trading risk.

2) Goldman Sachs themselves participated in the losing side of the trade and losed over $90 Million.

[Vaduz]

When one deals in stocks one must understand you are at risk of a loss.

[The Pack Knight]

It’s difficult to fathom that IKB relied on a representation that Paulson was long on the CDO to decide it was a good investment. If that’s really what happened, then the malfeasance IKB’s officers perpetrated on its shareholders is far more grievous than anything Tourre did.