Dutch Pension Fund Targets Goldman Over 'Toxic' RMBS
In a complaint filed in New York state court, Stichting Pensioenfonds ABP accused Goldman of failing to perform due diligence to make sure that shoddily underwritten mortgages were not included in the securities trusts they underwrote and sold.
And despite knowing that a large portion of the mortgages backing the securities were destined to fail, Goldman touted the trusts as safe investments...
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