Goldman Sued Over Fannie Mae Accounting

[NVMojo]

WASHINGTON (AP) -- Goldman, Sachs & Co. said Wednesday that it has been added as a defendant in lawsuits regarding mortgage financier Fannie Mae's accounting practices.

In its quarterly report with the Securities and Exchange Commission, the Wall Street powerhouse said the complaints allege that it violated laws, including U.S. securities laws, in arranging some Fannie Mae-sponsored bond deals.

The deals involved real-estate mortgage investment conduits, which are bonds collateralized with mortgage-backed securities.

The other defendants include Fannie Mae and some of its past and present executives, accountants, and other financial-services firms.

more...

http://biz.yahoo.com/ap/061004/goldman_sachs_fannie_mae.html?.v=1

[cosmicdot]

1. who was Chairman and CEO of Goldman when this happened?

Henry M. Paulson, Jr., the current Treasury Secretary???

"In its quarterly report with the Securities and Exchange Commission, the Wall Street powerhouse said the complaints allege that it violated laws, including U.S. securities laws, in arranging some Fannie Mae-sponsored bond deals."