Sunday, April 18, 2010

The Ratings of Goldman Sach Abacus CDO: Who Would Buy This Junk?

Please click to enlarge the above chart.

It is from a presentation on the infamous ABACUS-2007-AC1 CDO product that is at the center of the lawsuit over Goldman Sachs. (full slide presentation available at Naked Capitalism.

Note the agency rating on the investments: Baa2. We know that even A-rates instruments were junk. Who would buy such stuff anyway?

Stumble Upon Toolbar

No comments:

Financial TV

Blog Archive

// adding Google analytics