An ex-senior executive at Moody's Corp. said that he would have wanted to be aware of the fact that Hedge Fund Manager, John Paulson was helping a Goldman Sachs Group Inc. unoriginal product when Moody's was ranking it.
The ex-Managing Director of Moody's structured finance company was asked regarding the rating at a Senate hearing, which disclosed rows between Goldman and the agencies over rating a sequence of debt products, called Abacus.
One of the Abacus products is at the center of the U. S. Securities and Exchange Commission's scam case against Goldman.
Eric Kolchinsky, the ex-Moody's official, during a hearing of the Senate Permanent Subcommittee on Investigations, said, "I did not know that. I'm fairly sure that my staff did not know either" about Paulson's involvement”.
He said that it is something that he would have liked to know.
The group released a compilation of emails between ratings agencies and Goldman officers, together with Fabrice Tourre, the Goldman bond dealer who has been indicted with scam, together with the company.
Last week, the SEC filed allegations claiming that Goldman had not notified investors that an intricate mortgage-linked product known as Abacus 2007-AC1, had been made with contribution from billionaire, Hedge Fund Manager, Paulson.












