Saturday, May 1, 2010


Goldman’s controversial “ABACUS 2007-AC1″ synthetic CDO turns out to be a very complicated deal. This is not your grandfather’s vanilla mezzanine RMBS synthetic CDO. It is, in some sense, a supersynthetic CDO.

Steve Randy Waldman has a couple of detailed posts on Goldman's ABACUS:

Deconstructing ABACUS

A knife fight is not a mediation

No comments: