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CDO: update 3..

April 19, 2010

Broughton@ BT adds – a nice personal touch or two..

Given the spate of recent disclosures about Goldman Sachs and the integral role it had in the Greek financial tragedy, the anecdotal evidence is starting to suggest that this SEC investigation could have the same effect on Wall Street that the Enron fraud case had on the accounting industry. Goldman Sachs is really on the ropes this time. And if New York Governor Andrew Cuomo gets involved, the firm will find themselves being assailed from all sides at a time when the public’s confidence in Wall Street is at an all time low, while cable news stations replay highlights of company chairman Lloyd Blankfein testifying before Congress every night.

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