 These securities performed very poorly for the long investors and by April 2010, at least US$5 billion worth of the securities either carried "junk" ratings or had defaulted.One CDO examined by critics which Goldman bet against but also sold to investors, was the $800 million Hudson Mezzanine CDO issued in 2006.In the Senate Permanent Subcommittee hearings, Goldman executives stated that the company was trying to remove subprime securities from its books.