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Meanwhile, the US Securities and Exchange Commission is also investigating Deutsche Bank , SPIEGEL reports. According to financial regulatory sources, the bank launched one CDO transaction called "START" in which it allegedly allowed the hedge fund of US speculator John Paulson to choose junk mortgage securities against which he could speculate -- without the other investors knowing abo
Occupy Wall Street supporters surely will be none too pleased by this.

Goldman's Tourre seeks appeal in SEC fraud case

Posted by mortgage 243 days ago (Editorial)
(Reuters) - Lawyers for the only Goldman Sachs employee charged over the Abacus subprime mortgage transaction have asked a judge for permission to appeal one of the legal claims U.S. securities regulators brought against him.
The top US securities regulator can pursue its high-profile civil fraud lawsuit against a Goldman Sachs Group vice president over a product linked to subprime mortgages, a federal judge ruled.
NEW YORK (Reuters) - The top U.S. securities regulator can pursue its high-profile civil fraud lawsuit against a Goldman Sachs Group Inc vice president over a product linked to subprime mortgages, a federal judge ruled.
Cites Supreme Court on securities laws. 11 Jun 2011 12:47 PM

Ocwen to buy Goldman's mortgage servicing arm

Posted by mortgage 351 days ago (Editorial)
With the $264m sale of its Litton Loan Servicing unit to Ocwen Financial in a long-anticipated deal finally announced on yesterday, Goldman Sachs can finally put a disappointing foray into subprime mortgage loan servicing behind it.

The Fine Print of Goldman's Subprime Bet

Posted by mortgage 351 days ago (Editorial)
The Senate report about the subprime position of Goldman Sachs includes enough errors to raise some red flags about its conclusions.

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