Janet Tavakoli has…written a further analysis of the Goldman-AIG situation. She not only has bit, and pretty much tore the Goldman apologist’s leg off, but she is glowering at Goldman so fiercely that if I were Goldman I really wouldn’t move in her direction, and I would really keep my mouth shut and try to get the same out of Goldman apologists. Goldman should consider itself lucky that she is only arguing that:
….Goldman should not be exempt from the general fraud audit of mortgage securitizations that all of the former investment banks [Lehman, Bear Stearns, Morgan Stanley, Goldman Sachs, Merrill Lynch, and some foreign banks doing business in the U.S. (DMB Pp. 97‐107.)] should undergo. Read more about Goldman Sachs and mortgage securitizations…
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