The Abacus prospectus

By Felix Salmon
April 23, 2010
here you go! Enjoy all 196 pages of it, and let me know what you find: Matthew Goldstein has already found a Goldman conflict of interest on page 71 (page 77 of the PDF) -- the "Initial Collateral Security that is a CLO Security" turns out to be another Goldman product. Which is not obvious from the prospectus at all, since it isn't even named.

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I know you’ve been waiting for this one — here you go! Enjoy all 196 pages of it, and let me know what you find: Matthew Goldstein has already found a Goldman conflict of interest on page 71 (page 77 of the PDF) — the “Initial Collateral Security that is a CLO Security” turns out to be another Goldman product. Which is not obvious from the prospectus at all, since it isn’t even named.

ABACUS Offer Document

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