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Loan Modification

: Mortgage Lender Implode-o-Meter

Goldman Sued by Hedge Fund Basis Over Timberwolf CDO

By Implode-Explode Heavy Industries

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`` In its lawsuit, Basis, which invested $78 million in Timberwolf, said Goldman Sachs falsely claimed in June 2007 that the market for securities such as Timberwolf had stabilized and that the investment was a ?good entry point? into the market.''

Full post as published by Mortgage Lender Implode-o-Meter on June 10, 2010 (boomark / email).

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