Allstate Sues Goldman Over Sale Of $123M In Junk MBS
“Goldman knew these types of securities were, to use Goldman's own words, 'junk,' 'dogs,' 'crap' and 'lemons,'” Allstate said in its complaint.
The insurer has mounted a legal campaign in New York courts to try to recover losses it sustained after MBS widely tanked during the financial crisis. In the past few months, it...
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