Breakingviews

Citi’s CDO payout is ripe for the Rakoff treatment

October 19, 2011

Citigroup's $285 million settlement with the Securities and Exchange Commission looks ripe for the Rakoff treatment. Judge Jed already has established a reputation for taking the regulator to task for sometimes being too soft.

CDO backlash a worry for all investment banks

April 19, 2010

Goldman Sachs' competitors may have initially relished last week's shock news of civil fraud charges against the firm.

Goldman’s CDO investors: fools or victims?

By Hugo Dixon
April 19, 2010

Were the investors who lost $1 billion by buying a fearfully complex product sold by Goldman Sachs in the dying days of the credit boom fools or victims? That's the key distinction on which the U.S. Securities and Exchange Commission's fraud charges, which roiled the investment bank when they were unveiled on Friday, hinge.