TITLE

The Wall Street Money Machine: Merrill Lynch Did a Deal 'Precisely' Like Goldman's, Suit Asserts

AUTHOR(S)
Knutson, Ryan
PUB. DATE
April 2010
SOURCE
Pro Publica;4/18/2010, p14
SOURCE TYPE
Blog Entry
DOC. TYPE
Article
ABSTRACT
The article reports that Rabobank Groep NV states that charges by the U.S. Securities & Exchange Commission (SEC) against Goldman Sachs & Co. are similar to those charges Rabobank made against Merrill Lynch & Co. related to collateralized debt obligations (CDOs). Rabobank filed a lawsuit against Merrill Lynch in 2010 claiming that CDO created by it had risk about which the company did not tell to Rabobank and is similar to what Goldman has done.
ACCESSION #
65171261

 

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