The firm that says it was only doing “gods work” remains under instense pressure. The SEC has opened a second probe into the Hudson Mezzanine CDOs. Bloomberg reports that the inquiry may not lead to any additional charges – it could of course pave the way for a civil suit.
Speaking of civil suits, Basis Capital which operates out of Australia is suing Goldman’s for $1bln. Basis Capital says it was forced into insolvency after buying CDo’s which one executive called a “shi**y deal”.