Lawsuit Involving Goldman Sachs and Countrywide, New Century & Freemont "JUNK" Securities

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Lawsuit Involving Goldman Sachs and Countrywide, New Century & Freemont “JUNK” Securities

Lawsuit Involving Goldman Sachs and Countrywide, New Century & Freemont “JUNK” Securities

Excerpts:

I. Goldman Performed Increasingly Careful Due Diligence On Billions Of Dollars Of Subprime Mortgage Loans That It Purchased During 2005 And 2006, And Therefore Knew That Large Numbers Of Those Loans Were Defective.

II. Goldman Knew That Mortgage Loans And RMBS issued By Countrywide, New Century, And Fremont During 2005 And 2006 Had Declined Dramatically In Safety, Security, And Likelihood of Repayment.

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landesbank v. GS 3

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