The SEC is going after Goldman Sachs as hard as it can at the moment regarding the ABACUS deal. Fabulous Fab has made his appearance, and US senators are now furrowing their brow’s asking how they can legislate for morals, amongst other things.
They say the deal is complex. But how complex can it really be? See for yourself below.
To the untrained, investment banker eye that looks very confusing, and doesn’t clear up a whole bunch. To clear up how the deal was structured, at least, from ACA’s perspective you’d need the original document. Someone has uploaded that too.
Below are some screengrabs from it.