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Reply #85: Have you ever read CDO disclosures?... [View All]

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PoliSSHat Donating Member (40 posts) Send PM | Profile | Ignore Tue Apr-27-10 04:55 PM
Response to Reply #80
85. Have you ever read CDO disclosures?...
I have and they are littered with what is essentially language that says "please do your homework and there are inherent risks associated with buying this paper". Buyers of this paper were QIBs - highly sophisticated institutional investors - not retail investors. Im not justifying Goldmans actions at all, but the lack of knowledge here is a bit troubling. I expected more of a democratic forum.
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