Prepare to bail!
Question...
Did Goldman's crack Mortgage Capital Committee really allow a rogue 28 year old hormonally pumped quant homme...to single handedly engineer a synthetic CDO...designed to position a couple of nice big German and Dutch banks...to be three card monte'd...out of a billion dollars...at the beheastie of a very well known short trading hedge fund beastie...named Paulson?
Is that all there is to Abacus? Rogue BPVP matching a mega-schtuppor with a mega-schtuppee for a mega-comissh?
If so, what kind of stellar risk management team allows this kind of activity occur under their Squid nose unsupervised? That's what Warren needs to know.
Answer: They knew exactly what was happening. "High five Fab!!!! Here's your Squidee Schtupper bone." However, lack of sufficient evidence for the SEC to bring a case does not equate with exoneration for the higher ups, all of whom you may estimate with a high degree of certainty are on the squawks with their highly priced NYC hired guns as you read this dispatch.
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