Oh the irony. As Euromoney left the executive offices of one of Goldman’s main hubs this week, the image projected on the plasma screen in the elevator could not have been more stark. “The world against Goldman Sachs” was the screaming headline of one financial television news channel.
Abacus 2007-ACI, the deal at the centre of the case brought by the SEC against Goldman, could become as synonymous with the financial crisis as sub-prime, Lehman Brothers and Repo 105.
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