The Abacus Offering Circular

 . . . all 196 pages of it, is here, via Felix Salmon.

Yes, I know, I know that I promised a wrap-up post, but real life intervened – the volcano flight ban lifted, the significant other finally made it home, and (remarkably) didn’t consider watching me blog about GS to be a nice welcome home.  

But I shall return, with a wrap-up.  Really.  Now back to writing my final exam.

Related Posts:

The Goldman Earnings Call, Part 2 (It’s Not Our Fault Other People Are Stupid, And By The Way, We Lost A Bunch of Money Too)
The Goldman Earnings Call, Part 1: ACA Chose and It Doesn’t Matter Anyway

The Goldman Complaint

Comments

[Steve Diamond]

Kim, Did you notice the risk factor in the OC explaining that the housing market was in trouble? I remain baffled by the suggestion of civil violations here much less criminal.

[Kim Krawiec]

Good catch, Steve! I didn't even see that my first time through. There is really quite a bit of info in the Offering Circular beyond what was in the flip book (as one would expect, of course -- it's nearly twice as long). But some of the disclosures, including the risk factor you identify, seem to go directly to the SEC case. Like you, unless they have new information not disclosed publicly, I can't imagine how a criminal case could be successful.