{"id":3761,"date":"2010-04-16T17:01:59","date_gmt":"2010-04-16T22:01:59","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=3761"},"modified":"2010-04-16T20:53:11","modified_gmt":"2010-04-17T01:53:11","slug":"the-secs-case-against-goldman-sachs-explained-planet-money","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2010\/04\/16\/the-secs-case-against-goldman-sachs-explained-planet-money\/","title":{"rendered":"The SEC&#8217;s Case Against Goldman Sachs, Explained (Planet Money)"},"content":{"rendered":"<p>Planet Money&#8217;s 16 April 2010 piece, <a href=\"http:\/\/www.npr.org\/blogs\/money\/2010\/04\/sec_accuses_goldman_sachs_of_f.html\" target=\"_blank\">The SEC&#8217;s Case Against Goldman Sachs, Explained<\/a>, briefly summarizes the SEC&#8217;s contention that a hedge fund (Paulson &amp; Co) &#8220;wanted to bet against the housing market. It talked to Goldman about putting together a CDO full of mortgage-related assets that Paulson thought were likely to lose value. Paulson&#8217;s plan was to bet against the CDO, so it would profit if the CDO lost value.&#8221; &#8220;Goldman  didn&#8217;t tell people who invested in the CDO about the hedge fund&#8217;s role&#8221; and intentions.<\/p>\n<p>CDO stands for <a href=\"http:\/\/en.wikipedia.org\/wiki\/Collateralized_debt_obligation\" target=\"_blank\">Collateralized Debt Obligation<\/a>.<\/p>\n<p>On 17 April 2010, Louise Story and Gretchen Morgenson (NYT) lay out some more detail in <a href=\"http:\/\/www.nytimes.com\/2010\/04\/17\/business\/17goldman.html?pagewanted=all\" target=\"_blank\">U.S. Accuses Goldman Sachs of Fraud in Mortgage Deal<\/a>.<\/p>\n<p>-RichardH<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Planet Money&#8217;s 16 April 2010 piece, The SEC&#8217;s Case Against Goldman Sachs, Explained, briefly summarizes the SEC&#8217;s contention that a hedge fund (Paulson &amp; Co) &#8220;wanted to bet against the housing market. It talked to Goldman about putting together a CDO full of mortgage-related assets that Paulson thought were likely to lose value. Paulson&#8217;s plan [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[167],"tags":[],"class_list":{"0":"post-3761","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-richardhsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/3761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=3761"}],"version-history":[{"count":4,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/3761\/revisions"}],"predecessor-version":[{"id":3772,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/3761\/revisions\/3772"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=3761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=3761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=3761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}