Multiple Choice
Goldman Sachs' GSAMP Trust was able to create AAA-rated securities by:
A) separating the mortgage portfolio into tranches and assigning the tranches to share risks of default equally.
B) not disclosing the risks clearly.
C) guaranteeing or protecting some tranches.
D) separating the mortgage portfolio into tranches and assigning the A-1, A-2, and A-3 tranches last in order, after the M-1 to M-7 and B-1 to B-3 tranches, to suffer losses if a default occurred.
E) All of the above
Correct Answer:

Verified
Correct Answer:
Verified
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