Tuesday, April 27, 2010

Just burn down Wall Street already

The security, named Timberwolf I, a collateralized debt obligation of other collateralized debt obligations that were based not on actual home mortgage bonds but instead on those bonds' movements, was referenced in a June 22, 2007, email from a Goldman senior executive, Tom Montag, to another, Dan Sparks. Sparks is testifying today before Levin's panel.

http://www.huffingtonpost.com/2010/04/27/goldman-sachs-hearings-li_n_553318.html#s85332

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