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So Maybe Citi Created A Mortgage-Backed Security Filled With Loans They Knew...
Citi today paid out some of its DVA gains to settle SEC charges that it sold investors a CDO-squared that facilitated its own naked CDS purchases on the underlying CDOs, while misleading investors into...
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Fab Tourre’s CDO Deal Wasn’t Complicated Enough
If you wanted to short the housing market in 2007 you could just buy protection on mortgage-backed securities via a synthetic CDO, and that’s what John Paulson did in the Abacus deal, for which Goldman...
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