Items Tagged with 'CDO'

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Goldman Sachs settles Abacus CDO lawsuit

ACA Financial Guaranty Corp wanted $120 million
Goldman Sachs will pay an undisclosed amount of money to settle another lawsuit stemming from its actions in the run-up to the financial crisis. ACA Financial Guaranty Corp brought the lawsuit against Goldman Sachs, accusing the company of lying about a pool of securities backed by subprime mortgages tied to the failed Abacus collateralized debt obligation.
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