The overheated pursuit ofWall Street of the collateralized debtobligation(CDO) andhousingmortgageloanbond(MBS) has gradually pushed theAssetsequityratiohigher.
In that case the SEC alleged that Goldman misstated and omitted key facts regarding a synthetic collateralized debtobligation (CDO) it marketed which hinged on the performance of subprime residential mortgage-backed securities.