Materiality Decisions News Today

>> their defense is the european bank is incredibly sophisticateded. it doesnt matter to you if i made the decision or somebody is standing in the corner. dont pretend to us thats a material fact. only now in retrospect does it appear material because you lost a lot of money. the problem for goldman is that most materiality decisions are made after the fact. when somebody who lost money claims that something wasnt disclosed to them, in this case, the fact that john paulson made these decisions. ...