In April 2010, the SEC brought fraud charges against Goldman Sachs for its structuring and marketing Abacus 2007-AC1, a complex mortgage-related security. Less than two years after the start of the financial crisis, and in the midst of political posturing to shape the agenda for financial reform, the case is the market response to the lawsuit and the dilemma faced by Lloyd Blankfein, CEO of Goldman. The structure of the transaction in detail in the context of the market for mortgage securities. The case can be used in a course on financial market regulation or in the course of financial markets and institutions. Instructors can also assign a technical note "The Financial Regulatory Environment" (UVA-GEM-0103) to provide students with more background on the U.S. regulatory environment. "Hide
by Wei Li, Rick Green Source: Darden School of Business 26 pages. Publication Date: October 27, 2010. Prod. #: UV5683-PDF-ENG
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