Ah, so the investor would have to look up the definition of a synthetic CDO and know how Wall Street actually operates. They have to know that Goldman isn't ser

Ah, so the investor would have to look up the definition of a synthetic CDO and know how Wall Street actually operates. They have to know that Goldman isn't serious about ACA being an independent third party. Well, perhaps most investors out there really are that sophisticated. But Bear Sterns decided the deal Paulson proposed didn't meet their ethical standards. It couldn't have been completely uncontroversial.