保护组合证券

纽约——

我们可以肯定,高盛会和美国证券委员会(SEC)大打官司,不过,不管最终结果如何,高盛事件对美国国会正在酝酿的金融改革会有着深远的影响。

不论最终高盛是否被认定有罪,这项有质疑的交易显然对社会没有好处。这是一种其中通过克隆出原有产品的虚拟单位,从现有的房贷证券中衍生出来的复杂组合证券产品。这种组合的担保债权凭证(CDO)没有提供额外的房贷或是有效地配置资产。它只是在房市崩盘时吞噬了大量按揭证券。最初设立此项证券的目的是收取担保费和手续费。

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