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Goldman Says It Exercised Care In Selling Disputed RMBS

Share us on: By Daniel Wilson
Law360, Washington (August 04, 2014, 12:37 PM ET) -- Goldman Sachs & Co. on Friday hit back at the Federal Housing Finance Agency’s bid to extinguish its due diligence and reasonable care defenses in a New York federal suit alleging the bank knowingly sold billions of dollars of toxic residential mortgage-backed securities to Fannie Mae and Freddie Mac.

In a memorandum opposing the FHFA’s bid for partial summary judgment, Goldman argued that the agency had not met its burden of proof to show the bank had failed to conduct reasonable due diligence or show reasonable...

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http://www.law360.com/securities/articles/563681?utm_source=rss&utm_medium=rss&utm_campaign=section