This is all that Goldman consents was done wrong, without admitting or denying guilt:
Goldman acknowledges that the marketing materials for the ABACUS 2007-ACI transaction contained incomplete information. In particular, it was a mistake for the Goldman marketing materials to state that the reference portfolio was "selected by" ACA Management LLC without disclosing the role of Paulson & Co. Inc. in the portfolio selection process and that Paulson's economic interests were adverse to CDO investors. Goldman regrets that the marketing materials did not contain that disclosure.
We, in turn, regret that America no longer has a fair and just legal system.
There is still some vague hope that a Judge Rakoff wannabe will block this travesty of justice but we are not holding our breath. And sorry Fab Fab, you are still going to be the sacrificial lamb (for now). Link to settlement
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