Sinkhole 2010 Guatemala City sinkhole formed suddenly in May of that year; torrential rains from Tropical Storm Agatha and a bad drainage system were blamed for its creation. It swallowed a three-story building and a house; it measured approximately wide and deep. A similar hole had formed nearby in February 2007. This large vertical hole is not a true sinkhole, as it did not form via the dissolution of limestone, dolomite, marble, or any other water-soluble rock. Guatemala City is not underlain by any carbonate rock; instead, thick deposits of volcanic ash, unwelded ash flow tuffs, and other pyroclastic debris underlie
Wall Street and the Financial Crisis: Anatomy of a Financial Collapse report, Goldman said "While we disagree with many of the conclusions of the report, we take seriously the issues explored by the subcommittee. We recently issued the results of a comprehensive examination of our business standards and practices and committed to making significant changes that will strengthen relationships with clients, improve transparency and disclosure and enhance standards for the review, approval and suitability of complex instruments." In another press release, Goldman claimed that they " did not have access to any special information that caused us to know that the U.S. housing market would collapse." They claimed they had no