Confusing times. While Goldman Sachs is required to pay $550 million (part fine, part investor restitution), it is not required to admit it did anything wrong. Technically. Read more about what this really means here and here.
Clarity is at issue: the lack of clarity in Goldman’s marketing materials and lack of clarity in the design of the financial instrument in question, the CDO. What do you make of all this?
Wall Street isn’t the only place plagued by reversals and upheavals. Apparently, Bristol Palin and Levi Johnston are engaged, again!
-Pete
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