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Goldman's Big Short Is Levin’s Big Target: William D. Cohan

It has been almost a year since Goldman Sachs Group Inc. agreed to pay with the Securities and Exchange Commission relating to the creation and sale of Abacus 2007-AC1, a squirrelly synthetic collateralized-debt obligation that could only have been designed in the first decade of the new millennium. Now the firm is facing a whole new round of litigation.

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