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More CDO Trouble For Goldman Sachs
Goldman Sachs disclosed in a regulatory filing that it has received additional subpoenas from unnamed regulators regarding its ABACUS 2007-AC1 collateralized debt obligation and other CDOs, reports The New York Times.
Goldman Sachsdisclosed in a regulatory filing that it has received additional subpoenas from unnamed regulators regarding its ABACUS 2007-AC1 collateralized debt obligation and other CDOs. The investment bank had revealed in March that it had only received requests for information from the regulators. In its latest filing with theU.S. Securities and Exchange Commission, Goldman Sachs also revised down potential losses from related legal claims from $3.4 billion at end of 2010 to $2.7 billion.