This pyramid scheme should be treated as a felony.

GS, ML, and SocGen set this up knowing full well the consequences.

Taxpayer bailout just to pay their bonuses.

Ten years ago their were more people in law school than actual Lawyers.

Where are they now.

The law and the justice department are a joke. Inspiring criminals everywhere to do the same.

List of Derivative Transactions Schedule A
to
Schedule A to Amended Shortfall Agreement Shortfall Agreement
CUSIP / ISIN of I Counterparty Tranche Name Notional Value Total Collateral Posted Negative Mark to Market
Underlying CDO Issue I
Assets Included in 12/18/2008 and 12/22/2008 Closing
5 ‘ &Ac I5 Deutsche Bank (LEAFS 2QI)2-lA AlC I $844,492,0471 $106,999,907 $103.217,346
577734AA4 Deutsche Bank MAX 2007-1 A-1 $2,096,537,000 $1,567,311,089 $972,583,514
577734AP1 Deutsche Bank MAX 2008-1 A-1 $5,403,463,000 $4,039,474,369 $2,506,666,486
86331YAL8 I Deutsche Bank STRIPS III 2003-1 AFILT I $35,8836091 $0 $1,953,612
USG26810AB04 GEORGE QUAY DVSQ 2003-1 A-1MT A $89,034,985 $0 $40,937,631
23910PAF2 WACHOVIA DVSQ 2004-2A A-1A MT $66,273,252 $8,149,109 $29,566,558
23910PAG0 WACHOVIA DVSQ 2004-2A A-1B MT $112,636,182 $21,456,667 $50,250,502
23910PBA2 WACHOVIA DVSQ 2004-2A A-1E MM $514,371,900 $58,416,800 $229,477,294
23910PAK1 WACHOVIA DVSQ 2004-2A A-1A MM $70,397,614 $10,755,208 $31,406,564
23910PAJ4 1WACHOVIA DVSQ 2004-2A A-1D MT $0 $35,538,194 $0
G8860MAA4 WACHOVIA TIAA Real Estate CDO 2003-1 A-1MM $162,656,785 $30,281,628 $63,317,543
264403AA4 CALYON JUKEF 2004-7A Al $113,041,931 $113,041,929 $75,776,522
014684AA2 Rabobank International ALEXP 2004-1A Al $58,476,926 $23,390,770 $35,812,822
896008AB5 GSI TRIAX 2006-2AAlB1 $624,552,683 $268,873,344 $210,699,218
352186AB0 GSI VESTC 2006-1A Al B 41JUO,TJUU,UUU $202,058,400 $226,450,058
442454AA2 GSI Hout Bay 2006-1 Class A Trust Certificates $747,122,522 $442,543,147 $460,110,142
JSG00857AA38 SOCGEN kDROC 2005-1 A Al LT $45,394,684 $22,345,127 $18,818,326
JSGO0929AA08 SOCGEN ODROC 2005-2A AiLT $51,454,053 $24,439,104 $22,935,202
JSG8088EAB68 SOCGEN OkLTS2 005-1A ALTA $71,127,697 $33,738,803 $32,364,142
JSGO959TAA63 SOCGEN -3 LHV 2004-1A Al ST $26,985,490 $19,895,992 $15,456,181
JSG26818AB30 SOCGEN DVSQ 2006-6A AlA $24,808,142 $19,791,598 $19,220,827
JSG2861GAA97 SOCGEN DUKEF 2005-HG1A AlLT $209,276,408 $119,758,421 $105,356,614
JSG4161FAB25 SOCGEN GSFIN 2005-1A AlA $63,591,021 $32,670,309 $30,349,861
36293XAB3 SOCGEN GSFIN 2005-1A A1A $83,497,778 $42,897,537 $39,850,687
36293XAC1 SOCGEN GSFIN 2005-1A CP $958,259,397 $480,929,134 $460,408,727
JSG53500AA53 SOCGEN I.GNA 2004-1A AIST $24,806,916i $17,237,018 $10,014,009
JSG5814LAA91 SOCGEN VGATE 2004-1A AlS $124,378,1551 $37,442,178 $54,070,824
JSG81230AB35 SOCGEN MADRE 2004-1A AlA $24,514,5211 $12,306,026 $9,876,695
JSG9725LAA91 SOCGEN WITH2004-1AA1 $166,729,812 $91,034,477 $88,162,400
147276AA7 ML CASF 2004-1A A1 $179,360,155 $57,819,432 $80,857,962
68936RAN7 ML ‘MRCY2004-1AA1VB $177,090,112 $58,623,523 $84,112,692
640699AA2 ML NEPTN 2004-1A Al LA $101,95o,80g $56,375,710 $66,152,162
34069RAA2 ML NEPTN 2005-2A Al $148,707,002 $101,506,317 $111,605,440
34129VAA9 ML SCF 5AAl $106,521,790 $3,086,130 $40,031,923
36258PAA0 ML STRAG 2004-2A Al $94,150,454- $941,505 $41,044,472
563286AA8 ML :3TRVL 2004-1 A Al $431,629,325 $149,051,969 $182,564,841
26440VAA2 I ML DUKEF 2005-8A Al S $300,222,144 $178,080,031 $207,052,265
348667AA4 ML FISHR 2005-1A Al $199,732,740 $114,621,550 $117,701,962
37638XAA7 ML 3LCR 2005-3A A1 $83,637,994 $35,484,845 $54,979,557
8205YAA5 ML dPTR 2005-2A A1 $539,208,535 $261,797,590 $281,901,277
Page 1 of 6
CONFIDENTIAL FRBNY-TOWNS-R1-045769

See @EconOfContempt: Congrats Matt Goldstein—you just made it harder for Blackrock to manage ML3 portfolio for taxpayers. Proud of yourself?

Journalists blow.