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CDO: update 2..

April 19, 2010

State, European, and civil actions are set to follow the SEC..

[N]ow that the floodgates have opened, it’s going to come out. The attorneys general of both New York and Connecticut are already considering filing charges of their own, as are several European countries. Goldman may also face suits from angry investors. Goldman’s stocks closed down 19% on the news, which meant the firm lost $10 billion of its market value.

H/t: Robert Deneufville@BT

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