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Here's the 66-page presentation to investors on the firm's Abacus deal that's at the center of the SEC's case (via Business Insider). No mention that it was all the handiwork of Paulson & Co., which paid Goldman to create the security and then hand-picked the bad mortgages it wanted in the package. Paulson bought insurance against Abacus in the event that prices collapsed, which of course they did.
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.