Loan Position News Today

/PRNewswire/ -- Data Driven Holdings (DDH) is launching Qualified Customer (QC), a transactional consumer-data marketing company. QC identifies and targets...

/PRNewswire/ -- Data Driven Holdings (DDH) is launching Qualified Customer (QC), a transactional consumer-data marketing company. QC identifies and targets...

Subprime mortgage market suffered a broad collapse. goldman sachs also had no economic motive to design the ac-1 transaction to fail. quite the contrary, we held long exposure in the transaction just like aca, and just like ikb. when they referenced in value, we lost money, too, including $83 million with respect to the loan position. finally, aca selected the portfolio securities referenced in the transaction and not paulson. aca had sole authority to describe what securities would be reference...

My role in it. i appreciate the opportunity to answer those questions, and i want to make a few points absolutely clear. first, the only two investors in the transaction, aca and i kbwere institutions with extensive experience in the cbo market. second, i never told ata, the portfolio selection agent that paulson and company would be an equity investor in the ac-1 transaction or would take any loan position in the deal. although i dont recall the exact words i used, i recall for aca that paulson...