What Goldman knew and why it helped Paulson & Co !

Discussion in 'Trading' started by ToSubu, Apr 19, 2010.

  1. ToSubu

    ToSubu

    What Goldman knew and why it helped Paulson & Co ?


    On January 23 2007, he e-mailed a friend, flush with the success of his latest deal, the Abacus 2007-AC1. “More and more leverage in the system,” he wrote. “The whole building is about to collapse anytime now . . . Only potential survivor the fabulous Fab[rice] . . . standing in the middle of all these complex, highly leveraged, exotic trades he created without necessarily understanding all of the implications of those monstruosities [sic]!!!”

    E Mail by Fabrice Tourre, the (then) 28-year-old Frenchman working for Goldman Sachs in New York

    More at .. http://bit.ly/d38dtc
     
  2. spinn

    spinn