{"id":33713,"date":"2013-02-01T12:51:45","date_gmt":"2013-02-01T17:51:45","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=33713"},"modified":"2013-02-01T12:51:45","modified_gmt":"2013-02-01T17:51:45","slug":"suit-reveals-new-details-of-paulsons-role-in-goldman-abacus-cdo","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2013\/suit-reveals-new-details-of-paulsons-role-in-goldman-abacus-cdo.html","title":{"rendered":"Suit reveals new details of Paulson&#8217;s role in Goldman Abacus CDO"},"content":{"rendered":"<p>Thompson Reuters &#8211; Ever since Goldman Sachs agreed to pay $550 million to resolve claims by the Securities and Exchange Commission that it deceived investors in the Abacus collateralized debt obligation, there&#8217;s been a giant question mark hovering over the hedge fund Paulson &amp; Co. Paulson worked with Goldman Sachs to select the CDO&#8217;s reference portfolio of mortgage-backed securities, then reaped the profits from a short position when the instrument failed.<\/p>\n<p>The implication was that Paulson picked securities that doomed Abacus, but the SEC never brought a case against the hedge fund. And when the bond insurer ACA Financial Guaranty, which was nominally the portfolio selection agent on the CDO, sued in 2011 to recover the $30 million it lost (plus punitive damages), it named only Goldman as a defendant.<\/p>\n<p><a href=\"http:\/\/newsandinsight.thomsonreuters.com\/Legal\/News\/ViewNews.aspx?id=66984&amp;terms=%40ReutersTopicCodes+CONTAINS+'ANV'\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thompson Reuters &#8211; Ever since Goldman Sachs agreed to pay $550 million to resolve claims by the Securities and Exchange Commission that it deceived investors in the Abacus collateralized debt obligation, there&#8217;s been a giant question mark hovering over the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-33713","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=33713"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33713\/revisions"}],"predecessor-version":[{"id":33715,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33713\/revisions\/33715"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=33713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=33713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=33713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}