The Ethics of Goldman SHARK

Goldman Sachs and Abacus 2007-AC1: A Look Beyond the Numbers
 
Goldman Sachs is the Wall Street mega-firm whose money-making prowess leaves many impressed, envious or suspicious. Now the firm's reputation is on the line, as it fights a fraud suit brought by the U.S. Securities and Exchange Commission over a single deal in 2007, the sale of a complex "synthetic collateralized debt obligation" called Abacus 2007-AC1. The deal lost investors $1 billion but produced $1 billion in profits for Goldman's collaborator, Paulson & Company, a hedge fund betting the housing bubble would collapse. Experts at Wharton and elsewhere analyze the financial, legal and ethical issues raised by a case that has riveted both Wall Street and Main Street. 

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