SEC Said to Vote 3-2 to Sue Goldman Sachs Over CDOs (Update2) – Bloomberg.com

It is highly troubling that the SEC split on whether to pursue Goldman Sachs in the ABACUS CDO deal. Of course, the vote was 3-2 along party lines, but this suggests politics as much as legal analysis was behind the suit. Given my own growing concern about the claim of the SEC that material information was hidden from investors, one wonders if the SEC came out swinging and has missed by a country mile.

SEC Said to Vote 3-2 to Sue Goldman Sachs Over CDOs (Update2) – Bloomberg.com.