"According to the complaint, Goldman created Abacus Protected content in February Protected content , at the request of John A. Paulson, a prominent hedge fund manager who earned an estimated $3.7 billion in Protected content correctly wagering that the housing bubble would burst."
"Goldman told investors in Abacus marketing materials reviewed by The Times that the bonds would be chosen by an independent manager.
Mr. Paulson is not named in the lawsuit."
Wow, Paulson pulls a fast one on Goldman Sachs...
Time to play pin the tail on the donkey. Who's the sucker now? LOL
Will the SEC really punish GS? And will GS claim that they are the scapegoats?